The Finance Ministry is targeting a budget deficit of between 8.5 and 8.8% of GDP in FY2018-19, according to an initial outline Minister Amr El Garhy presented to Prime Minister Sherif Ismail yesterday, Youm7 reports. The ministry is also hoping to achieve a primary surplus of 1.8-2%. El Garhy also said that Egypt’s GDP growth is projected to reach 5.5% in FY2018-19, Reuters reports. The ministry will present the draft budget to the House of Representatives on 31 March.

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