Monday, June 21, 2021

    Egypt targets 6.4% growth, 6.2% deficit in fiscal 2020/2021 – finance ministry

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    Naija247news Media, New York
    Naija247news is an investigative news platform that tracks news on Nigerian Economy, Business, Politics, Financial and Africa and Global Economy.

    CAIRO (Reuters) – Egypt is targeting 6.4% growth and a budget deficit of 6.2% in fiscal year 2020/2021, the finance ministry said on Monday.

    Egypt is also targeting a debt-to-GDP ratio of 80%, the ministry said in a preliminary financial statement for next fiscal year’s budget.

    Reporting by Ehab Farouk; Writing by Yousef Saba; Editing by Alex Richardson

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