{"id":600141,"date":"2019-01-21T04:32:30","date_gmt":"2019-01-21T04:32:30","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/egypts-budget-deficit-shrinks-to-3-6-from-4-2-in-1h2018-19\/"},"modified":"2019-01-21T04:32:30","modified_gmt":"2019-01-21T04:32:30","slug":"egypts-budget-deficit-shrinks-to-3-6-from-4-2-in-1h2018-19","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/egypts-budget-deficit-shrinks-to-3-6-from-4-2-in-1h2018-19\/","title":{"rendered":"Egypt\u2019s budget deficit shrinks to 3.6% from 4.2% in 1H2018-19"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <b>Egypt\u2019s budget deficit shrank to 3.6% of GDP in 1H2018-19<\/b>, down from 4.2% the previous year. The state treasury recorded a primary budget surplus of 0.4% of GDP, up from a deficit of 0.3% during the same period last year, Finance Minister Mohamed Maait said during a meeting yesterday with President Abdel Fattah El Sisi and Prime Minister Moustafa Madbouly, <a href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/544421586077226\">according to an Ittihadiya statement<\/a>. The three discussed measures to cut unemployment rates, the budget deficit, and public debt, in addition to the digitization of the state\u2019s tax collection. Egypt is <a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/21\/egypts-budget-deficit-narrowed-to-1-9-in-1q18-19\/\">targeting a budget deficit of 8.4%<\/a> for the full 2018-19 fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s budget deficit shrank to 3.6% of GDP in 1H2018-19, down from 4.2% the previous year. The state treasury recorded a primary budget surplus of 0.4% of GDP, up from a deficit of 0.3% during the same period last year, Finance Minister Mohamed Maait said during a meeting yesterday with President Abdel Fattah El Sisi [&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":[96,864,72,348,277,281,2380,278],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600141","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-abdel-fattah-el-sisi","tag-budget-deficit","tag-enterpriseam","tag-gdp","tag-mohamed-maait","tag-moustafa-madbouly","tag-speed-round","tag-state-budget","wpautop","entry"],"acf":{"mongo_id":"1c7f857a-a535-47b0-aab8-26be750b39c2","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[600136],"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 shrinks to 3.6% from 4.2% in 1H2018-19 - 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\/21\/egypts-budget-deficit-shrinks-to-3-6-from-4-2-in-1h2018-19\/\" \/>\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 shrinks to 3.6% from 4.2% in 1H2018-19\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s budget deficit shrank to 3.6% of GDP in 1H2018-19, down from 4.2% the previous year. The state treasury recorded a primary budget surplus of 0.4% of GDP, up from a deficit of 0.3% during the same period last year, Finance Minister Mohamed Maait said during a meeting yesterday with President Abdel Fattah El Sisi [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/egypts-budget-deficit-shrinks-to-3-6-from-4-2-in-1h2018-19\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-21T04:32:30+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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/egypts-budget-deficit-shrinks-to-3-6-from-4-2-in-1h2018-19\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/egypts-budget-deficit-shrinks-to-3-6-from-4-2-in-1h2018-19\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s budget deficit shrinks to 3.6% from 4.2% in 1H2018-19\",\"datePublished\":\"2019-01-21T04:32:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/egypts-budget-deficit-shrinks-to-3-6-from-4-2-in-1h2018-19\/\"},\"wordCount\":111,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Abdel Fattah El Sisi\",\"budget deficit\",\"EnterpriseAM\",\"GDP\",\"Mohamed Maait\",\"Moustafa Madbouly\",\"SPEED ROUND\",\"state budget\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/egypts-budget-deficit-shrinks-to-3-6-from-4-2-in-1h2018-19\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/egypts-budget-deficit-shrinks-to-3-6-from-4-2-in-1h2018-19\/\",\"name\":\"Egypt\u2019s budget deficit shrinks to 3.6% from 4.2% in 1H2018-19 - 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Largely in line with previous estimates, its projections include a primary budget surplus of 2%, a budget deficit of 6.2% of GDP, down from 7.2% in the current fiscal\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\/3\/171.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596631,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/el-sisi-madbouly-maait-recap-egypts-economic-performance-in-fy2018-2019\/","url_meta":{"origin":600141,"position":1},"title":"El Sisi, Madbouly, Maait recap Egypt\u2019s economic performance in FY2018-2019","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"The government met its 8.4% budget deficit and 2% primary budget surplus targets in FY2018-2019, which ended on Sunday, according to an Ittihadiya statement out following a meeting between President Abdel Fattah El Sisi, Prime Minister Moustafa Madbouly, and Finance Minister Mohamed Maait. The economy grew at a 5.6% clip,\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":600500,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/egypts-gdp-growth-in-2q2018-19-reaches-5-5\/","url_meta":{"origin":600141,"position":2},"title":"Egypt\u2019s GDP growth in 2Q2018-19 reaches 5.5%","author":"enterpriseam admin","date":"31 January 2019","format":false,"excerpt":"Egypt\u2019s GDP growth is still accelerating: Economic growth accelerated to 5.5% in 2Q2018-19, up from 5.3% in 1Q2018-19 and 5.3% in 2Q2017-18, Planning Minister Hala El Said told cabinet yesterday, according to a government statement. GDP growth in the first half of the 2018-19 fiscal year reached 5.4%, she added.\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\/12\/58.jpg?fit=%2C&ssl=1&resize=350%2C200","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":600141,"position":3},"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":602001,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/17\/egypt-records-budget-surplus-0-5-of-gdp-in-7m2018-19\/","url_meta":{"origin":600141,"position":4},"title":"Egypt records budget surplus 0.5% of GDP in 7M2018-19","author":"enterpriseam admin","date":"17 March 2019","format":false,"excerpt":"Primary budget surplus of 0.5% of GDP in 7M2018-19: Egypt recorded a primary budget surplus of EGP 24 bn (or 0.5% of GDP) during 7M2018-19, compared to a deficit of EGP 13 bn a year earlier, the Finance Ministry said in its February monthly bulletin. The budget deficit during the\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":571283,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/06\/budget-deficit-could-widen-to-7-8-due-to-covid-19-maait\/","url_meta":{"origin":600141,"position":5},"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 &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\/5\/48.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=600141"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/600141\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/600136"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=600141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=600141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=600141"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=600141"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=600141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}