{"id":631101,"date":"2018-03-11T03:55:23","date_gmt":"2018-03-11T03:55:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/11\/finance-ministry-updates-projection-for-budget-deficit-this-year-to-9-6-9-8-of-gdp\/"},"modified":"2018-03-11T03:55:23","modified_gmt":"2018-03-11T03:55:23","slug":"finance-ministry-updates-projection-for-budget-deficit-this-year-to-9-6-9-8-of-gdp","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/11\/finance-ministry-updates-projection-for-budget-deficit-this-year-to-9-6-9-8-of-gdp\/","title":{"rendered":"Finance Ministry updates projection for budget deficit this year to 9.6-9.8% of GDP"},"content":{"rendered":"

The government is expecting the budget deficit for the current fiscal year to reach 9.5-9.7% of GDP, down from 10.9% in FY2016-17<\/strong>, according to a statement from Ittihadiya<\/a>. It expects this to drop again to 8.5% of GDP in FY2018-19. The Finance Ministry had announced on Thursday that the budget deficit for FY2017-18 will reach 9.6-9.8% of GDP, in a statement picked up by Reuters<\/a>. The ministry had updated its projections in late January<\/a> to 9.4% from an initial rate of 9% to account for the increase in global oil prices. For the next fiscal year, the ministry said it was<\/a> targeting a budget deficit of 8.5-8.8%, a primary surplus of 1.8-2%, and GDP growth rate of 5.5%. The draft budget for FY2018-19 will be presented to the House of Representatives on 31 March.<\/p>\n","protected":false},"excerpt":{"rendered":"

The government is expecting the budget deficit for the current fiscal year to reach 9.5-9.7% of GDP, down from 10.9% in FY2016-17, according to a statement from Ittihadiya. It expects this to drop again to 8.5% of GDP in FY2018-19. The Finance Ministry had announced on Thursday that the budget deficit for FY2017-18 will reach […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-631101","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c8308180-1e00-4128-bc20-9b9b48304ee2","order":"0","is_powered_by":true,"section_story_id":"71132a7e-e5e5-41c4-879f-72e269f5fa61","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631093],"teaser":"","voice_url":""},"yoast_head":"\nFinance Ministry updates projection for budget deficit this year to 9.6-9.8% of GDP - 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\/2018\/03\/11\/finance-ministry-updates-projection-for-budget-deficit-this-year-to-9-6-9-8-of-gdp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Ministry updates projection for budget deficit this year to 9.6-9.8% of GDP\" \/>\n<meta property=\"og:description\" content=\"The government is expecting the budget deficit for the current fiscal year to reach 9.5-9.7% of GDP, down from 10.9% in FY2016-17, according to a statement from Ittihadiya. It expects this to drop again to 8.5% of GDP in FY2018-19. 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