{"id":595371,"date":"2019-09-24T04:40:59","date_gmt":"2019-09-24T04:40:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/24\/govt-looking-to-reduce-egypts-budget-deficit-to-5-within-two-years-maait\/"},"modified":"2019-09-24T04:40:59","modified_gmt":"2019-09-24T04:40:59","slug":"govt-looking-to-reduce-egypts-budget-deficit-to-5-within-two-years-maait","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/24\/govt-looking-to-reduce-egypts-budget-deficit-to-5-within-two-years-maait\/","title":{"rendered":"Gov\u2019t looking to reduce Egypt\u2019s budget deficit to 5% within two years -Maait"},"content":{"rendered":"

The government is looking to reduce Egypt\u2019s budget deficit to 5% within two years<\/b>, which would bring it to a level that international institutions deem \u201csafe,\u201d Finance Minister Mohamed Maait said yesterday, according to Amwal Al Ghad. Speaking at the Future of Investment in Egypt conference, Maait said that Egypt is on track to meet its budget deficit targets of 7.2% in FY2019-2020 and 6% in FY2020-2021. Official documents seen by Enterprise back in June<\/a> indicated that the ministry was expecting the budget deficit to narrow to 6.2% and 4.8% during the next two fiscal years, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government is looking to reduce Egypt\u2019s budget deficit to 5% within two years, which would bring it to a level that international institutions deem \u201csafe,\u201d Finance Minister Mohamed Maait said yesterday, according to Amwal Al Ghad. Speaking at the Future of Investment in Egypt conference, Maait said that Egypt is on track to meet […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[864,72,276,277,2380,278],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-595371","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-budget-deficit","tag-enterpriseam","tag-finance-ministry","tag-mohamed-maait","tag-speed-round","tag-state-budget","wpautop","entry"],"acf":{"mongo_id":"a3a0bd6c-1d81-44dc-9480-25efbeba868d","is_powered_by":true,"section_story_id":"6b666112-20d5-4e4a-ae9e-084602ce5c56","story_type":"1","photo_url":"","photo_position":"above","related_issue":[595357],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t looking to reduce Egypt\u2019s budget deficit to 5% within two years -Maait - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/24\/govt-looking-to-reduce-egypts-budget-deficit-to-5-within-two-years-maait\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t looking to reduce Egypt\u2019s budget deficit to 5% within two years -Maait\" \/>\n<meta property=\"og:description\" content=\"The government is looking to reduce Egypt\u2019s budget deficit to 5% within two years, which would bring it to a level that international institutions deem \u201csafe,\u201d Finance Minister Mohamed Maait said yesterday, according to Amwal Al Ghad. 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The government is also planning to maintain a 2% annual\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571283,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/06\/budget-deficit-could-widen-to-7-8-due-to-covid-19-maait\/","url_meta":{"origin":595371,"position":2},"title":"Budget deficit could widen to 7.8% due to covid-19 -Maait","author":"enterpriseam admin","date":"6 May 2020","format":false,"excerpt":"Budget deficit could widen to 7.8% due to covid-19 -Maait: Egypt\u2019s budget deficit could widen to 7.8% of GDP in FY2020-2021 if the covid-19 pandemic continues until the end of the year, Finance Minister Mohamed Maait warned yesterday. The government currently expects to narrow the deficit to 6.3% in FY2020-2021.\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/5\/48.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600141,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/egypts-budget-deficit-shrinks-to-3-6-from-4-2-in-1h2018-19\/","url_meta":{"origin":595371,"position":3},"title":"Egypt\u2019s budget deficit shrinks to 3.6% from 4.2% in 1H2018-19","author":"enterpriseam admin","date":"21 January 2019","format":false,"excerpt":"Egypt\u2019s budget deficit shrank to 3.6% of GDP in 1H2018-19, down from 4.2% the previous year. 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Tax\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602165,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/20\/egypt-targets-budget-deficit-of-7-2-in-fy2019-20\/","url_meta":{"origin":595371,"position":5},"title":"Egypt targets budget deficit of 7.2% in FY2019-20","author":"enterpriseam admin","date":"20 March 2019","format":false,"excerpt":"Gov\u2019t is targeting 6.1% economic growth in its next fiscal year: The government is targeting a budget deficit of 7.2% of GDP and a GDP growth of 6.1% in FY2019-20, Finance Minister Mohamed Maait said yesterday, according to Reuters. 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