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FINANCIAL NEWS
Egypt aims growth rate of 5pct in FY 2017/18
20 Mar 2017
(MENAFN) Egyptian Planning Minister proclaimed that the government is aiming an increase rate of almost 5 percent for this year and 2018.
Accordingly, the minister also said that Egypt is looking to enhance its growth rate from almost 4 percent recently to between 6-6.5 percent by 2020.
However, the growth rate for Q2 of the 2016-17 financial years slowed to 3.8 percent from 4 percent amid the same period last year.
Additionally, the country’s budget deficit amid the first half of the 2016/17 fiscal year was 5.4 percent of GDP, down from 6.4 percent in the same period last year.
MENAFN2003201700450000ID1095328772
MENAFN2003201700450000ID1095328772
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