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FINANCIAL NEWS
Egypt deficit hits USD32 b
13 Sep 2013
(MENAFN) Egypt’s spending on interest rates and energy subsidies jumped in the last fiscal year causing the budget deficit in surge considerably, The Peninsula reported.
The deficit in Egypt came at 14 percent of the country’s Gross Domestic Product (GDP) with USD32 billion.
The government aims to increase the economic growth to 3.5 percent this year, up from 2 percent and to lessen the deficit to 10 percent.
From the beginning of this year, the deficit made half of the government spending. External debt in the country came at USD43.5 billion, while internal debt reached USD200 billion.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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