{"id":599579,"date":"2019-01-03T04:45:57","date_gmt":"2019-01-03T04:45:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/egypts-budget-deficit-dips-in-first-five-months-of-fy-2018-19\/"},"modified":"2019-01-03T04:45:57","modified_gmt":"2019-01-03T04:45:57","slug":"egypts-budget-deficit-dips-in-first-five-months-of-fy-2018-19","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/egypts-budget-deficit-dips-in-first-five-months-of-fy-2018-19\/","title":{"rendered":"Egypt\u2019s budget deficit dips in first five months of FY 2018-19"},"content":{"rendered":"<p><b>Egypt\u2019s budget deficit dipped to 3.1% from 3.7% y-o-y during the first five months of FY2018-19<\/b>, coming in at EGP 162.3 bn, down from EGP 163.6 bn in the same period last year, according to a <a href=\"http:\/\/www.mof.gov.eg\/MOFGallerySource\/Arabic\/Reportes\/2018\/12\/Exective-Arabic-12-2018.pdf\">Finance Ministry report (pdf)<\/a>. Inflows to state coffers during the five-month period came in at EGP 321 bn while expenditures topped EGP 484 bn. Egypt is targeting a <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/21\/egypts-budget-deficit-narrowed-to-1-9-in-1q18-19\/\">budget deficit of 8.4%<\/a> for the current fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s budget deficit dipped to 3.1% from 3.7% y-o-y during the first five months of FY2018-19, coming in at EGP 162.3 bn, down from EGP 163.6 bn in the same period last year, according to a Finance Ministry report (pdf). Inflows to state coffers during the five-month period came in at EGP 321 bn while [&hellip;]<\/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":[864,72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-599579","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-budget-deficit","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3c7a454f-a65c-477f-8e2d-55fca7030962","is_powered_by":true,"section_story_id":"faf59b17-5426-4507-8af0-ab22c37ccd19","story_type":"1","photo_url":"","photo_position":"above","related_issue":[599573],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt\u2019s budget deficit dips in first five months of FY 2018-19 - 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\/01\/03\/egypts-budget-deficit-dips-in-first-five-months-of-fy-2018-19\/\" \/>\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 dips in first five months of FY 2018-19\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s budget deficit dipped to 3.1% from 3.7% y-o-y during the first five months of FY2018-19, coming in at EGP 162.3 bn, down from EGP 163.6 bn in the same period last year, according to a Finance Ministry report (pdf). Inflows to state coffers during the five-month period came in at EGP 321 bn while [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/egypts-budget-deficit-dips-in-first-five-months-of-fy-2018-19\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-03T04:45:57+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/egypts-budget-deficit-dips-in-first-five-months-of-fy-2018-19\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/egypts-budget-deficit-dips-in-first-five-months-of-fy-2018-19\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s budget deficit dips in first five months of FY 2018-19\",\"datePublished\":\"2019-01-03T04:45:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/egypts-budget-deficit-dips-in-first-five-months-of-fy-2018-19\/\"},\"wordCount\":80,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"budget deficit\",\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/egypts-budget-deficit-dips-in-first-five-months-of-fy-2018-19\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/03\/egypts-budget-deficit-dips-in-first-five-months-of-fy-2018-19\/\",\"name\":\"Egypt\u2019s budget deficit dips in first five months of FY 2018-19 - 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The primary surplus came at 0.7% of GDP during the first nine months of the fiscal year. The numbers came\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":599579,"position":1},"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 &quot;Speed Round&quot;","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":567814,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/08\/egypts-budget-deficit-down-remittances-up\/","url_meta":{"origin":599579,"position":2},"title":"Egypt\u2019s budget deficit down, remittances up","author":"enterpriseam admin","date":"8 December 2020","format":false,"excerpt":"Egypt\u2019s budget deficit shrank to EGP 134.9 bn, equivalent to 2.1% of GDP in 1Q2020-2021 compared to 2.3% during the same period last year, according to a Finance Ministry report (pdf). The report attributes the narrowing deficit to an 18.4% y-o-y uptick in state revenues to EGP 204.7 bn, which\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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":599579,"position":3},"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 &quot;Speed Round&quot;","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":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":599579,"position":4},"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). Inflows into state coffers rose 33% y-o-y to EGP 129 bn during\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":634294,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/budget-deficit-continues-to-narrow-in-1h2017-18\/","url_meta":{"origin":599579,"position":5},"title":"Budget deficit continues to narrow in 1H2017-18","author":"enterpriseam admin","date":"11 January 2018","format":false,"excerpt":"Budget deficit continued to narrow in 1H2017-18: Egypt\u2019s budget deficit declined to 4.4% of GDP in 1H2017-18, down from 5% during the same period last year, Finance Minister Amr El Garhy said at a meeting with President Abdel Fattah El Sisi. 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