Monday, December 31, 2012

Reuters: US Dollar Report: Egypt budget deficit expected to widen to 200 bln pounds -agency

Reuters: US Dollar Report
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Egypt budget deficit expected to widen to 200 bln pounds -agency
Dec 31st 2012, 12:19

CAIRO | Mon Dec 31, 2012 7:19am EST

CAIRO Dec 31 (Reuters) - Egypt's budget deficit in the year to end-June 2013 is expected to widen to 200 billion Egyptian pounds ($31.5 billion), from a 166.7 billion pound deficit in 2011/12, the state news agency quoted Planning Minister Ashraf al-Araby as saying on Monday.

Egypt's budget, released in July, had forecast a 2012/13 deficit of 135 billion pounds.

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