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Egypt Says Deficit to Reach 8.7% of GDP This Year

Jan. 16 (Bloomberg) -- Egypt’s budget deficit is targeted to reach about 8.7 percent of gross domestic product this fiscal year, the country’s minister for planning and international cooperation, Fayza Aboulnaga, said today at a press conference in Cairo. She was correcting a figure of 9.7 percent that she gave earlier.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Digby Lidstone at dlidstone@bloomberg.net

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