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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

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