{"id":598693,"date":"2019-06-02T04:00:39","date_gmt":"2019-06-02T04:00:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/egypts-budget-deficit-hits-5-3-of-gdp-in-9m2018-2019\/"},"modified":"2019-06-02T04:00:39","modified_gmt":"2019-06-02T04:00:39","slug":"egypts-budget-deficit-hits-5-3-of-gdp-in-9m2018-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/egypts-budget-deficit-hits-5-3-of-gdp-in-9m2018-2019\/","title":{"rendered":"Egypt\u2019s budget deficit hits 5.3% of GDP in 9M2018-2019"},"content":{"rendered":"

Egypt\u2019s budget deficit fell to 5.3% of GDP in 9M2018-2019, compared to 6.2% in the same period the previous year<\/b>, the Finance Ministry said in its April monthly bulletin (pdf)<\/a>. The primary surplus came at 0.7% of GDP during the first nine months of the fiscal year. The numbers came on the back of revenues growing 20.3% y-o-y to EGP 598.7 bn, outpacing the 14% growth in expenditures to EGP 879 bn. Tax revenues increased 16.2% y-o-y to EGP 468.4 bn, of which VAT contributed EGP 247.5 bn. The government is targeting GDP growth of 5.6% for the current fiscal year.<\/p>\n

Background: <\/b>Projections for GDP growth in FY2018-19 from HSBC<\/a>, the European Bank for Reconstruction and Development<\/a>, Capital Economics<\/a>, Fitch Group\u2019s BMI Research<\/a>, and economists polled by Reuters<\/a> have ranged between 3.8% and 5.5%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt\u2019s budget deficit fell to 5.3% of GDP in 9M2018-2019, compared to 6.2% in the same period the previous year, the Finance Ministry said in its April monthly bulletin (pdf). The primary surplus came at 0.7% of GDP during the first nine months of the fiscal year. The numbers came on the back of revenues […]<\/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":[864,279,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-598693","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-budget-deficit","tag-budget-watch","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"36756c6e-b7f4-4ab5-9b96-e56b5135b719","is_powered_by":true,"section_story_id":"d8b1dfd9-2817-4787-859a-fb8df8247a4d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[598684],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s budget deficit hits 5.3% of GDP in 9M2018-2019 - 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\/06\/02\/egypts-budget-deficit-hits-5-3-of-gdp-in-9m2018-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s budget deficit hits 5.3% of GDP in 9M2018-2019\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s budget deficit fell to 5.3% of GDP in 9M2018-2019, compared to 6.2% in the same period the previous year, the Finance Ministry said in its April monthly bulletin (pdf). 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GDP growth in the first half of the 2018-19 fiscal year reached 5.4%, she added. The government anticipates a GDP growth rate of\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\/12\/58.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591928,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/egypt-records-state-budget-deficit-of-2-1-in-1q2019-20\/","url_meta":{"origin":598693,"position":1},"title":"Egypt records state budget deficit of 2.1% in 1Q2019-20","author":"enterpriseam admin","date":"22 December 2019","format":false,"excerpt":"BUDGET WATCH- State records budget deficit of 2.1% in 1Q2019-20: The Finance Ministry\u2019s latest fiscal performance report (pdf) showed a budget deficit of EGP 131.5 bn (2.1% of GDP) in the first quarter of FY2019-2020, compared to EGP 102.4 bn (1.9%) in July-September of FY2018-2019. Revenues for the quarter came\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":569021,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/egypts-govt-records-budget-deficit-of-3-8-in-1h2019-20-report\/","url_meta":{"origin":598693,"position":2},"title":"Egypt\u2019s gov\u2019t records budget deficit of 3.8% in 1H2019-20- report","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"BUDGET WATCH- Gov\u2019t records budget deficit of 3.8% in 1H2019-2020: The Finance Ministry\u2019s semi-annual fiscal performance report showed a budget deficit of EGP 236.7 bn (3.8% of GDP) in the first half of FY2019-2020, compared to EGP 186.7 bn (3.6%) in July-December of FY2018-2019. Revenues for the period came at\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\/2\/146.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":592909,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/12\/finance-ministry-eyes-6-4-growth-in-fy-2020-2021\/","url_meta":{"origin":598693,"position":3},"title":"Finance Ministry eyes 6.4% growth in FY 2020-2021","author":"enterpriseam admin","date":"12 November 2019","format":false,"excerpt":"BUDGET WATCH- FinMin says it\u2019s targeting 6.4% growth, 6.2% deficit next fiscal year: The Finance Ministry is eyeing GDP growth of 6.4% in FY2020-2021, up from a targeted 6% for the current fiscal year, according to the ministry\u2019s preliminary budget statement announced by cabinet yesterday. 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GDP growth in the first half of the 2018-19 fiscal year reached 5.4%, she added.\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\/12\/58.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":635571,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/07\/overall-budget-deficit-declines-to-2-of-gdp-in-1qfy2017-18-from-2-2-in-last-fiscal-year\/","url_meta":{"origin":598693,"position":5},"title":"Overall budget deficit declines to 2% of GDP in 1QFY2017-18 from 2.2% in last fiscal year","author":"enterpriseam admin","date":"7 December 2017","format":false,"excerpt":"Egypt recorded an overall budget deficit of EGP 85.3 bn for the first quarter of FY2017-18,or around 2% of GDP, compared to 2.2% (EGP 76.8 bn) in the same period last year, the Finance Ministry announced yesterday (pdf). 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