{"id":635571,"date":"2017-12-07T04:11:33","date_gmt":"2017-12-07T04:11:33","guid":{"rendered":"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\/"},"modified":"2017-12-07T04:11:33","modified_gmt":"2017-12-07T04:11:33","slug":"overall-budget-deficit-declines-to-2-of-gdp-in-1qfy2017-18-from-2-2-in-last-fiscal-year","status":"publish","type":"post","link":"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\/","title":{"rendered":"Overall budget deficit declines to 2% of GDP in 1QFY2017-18 from 2.2% in last fiscal year"},"content":{"rendered":"

Egypt recorded an overall budget deficit of EGP 85.3 bn for the first quarter of FY2017-18,<\/strong>or around 2% of GDP<\/strong>, compared to 2.2% (EGP 76.8 bn) in the same period last year, the Finance Ministry announced yesterday (pdf)<\/a>. Inflows into state coffers rose 33% y-o-y to EGP 129 bn during the quarter, compared to EGP 96.8 bn last year, on the back of higher tax revenues, which grew by 51.5% y-o-y<\/strong> to EGP 97.2 bn. Non-tax income declined slightly by 2.7% y-o-y to EGP 31.8 bn. Expenditures grew by 24.4% y-o-y to EGP 214.1 bn during the three-month period, from EGP 172.2 bn a year before. Planning Minister Hala El Said had announced last month<\/a> that Egypt\u2019s economy grew 5.2% in the first quarter of the current fiscal year, up from 3.4% in FY2016-17, while the primary budget deficit dropped to 0.1% of GDP from 0.9% a year before. The government is targeting a GDP growth rate of 5-5.25% for FY2017-18.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 the quarter, compared to EGP […]<\/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-635571","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"fc9fe108-8064-4ca3-96f0-a524c1997719","order":"0","is_powered_by":true,"section_story_id":"5e742c76-4a6d-45e4-8bd6-65b2ae1337ce","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635559],"teaser":"","voice_url":""},"yoast_head":"\nOverall budget deficit declines to 2% of GDP in 1QFY2017-18 from 2.2% in last fiscal year - 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\/2017\/12\/07\/overall-budget-deficit-declines-to-2-of-gdp-in-1qfy2017-18-from-2-2-in-last-fiscal-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Overall budget deficit declines to 2% of GDP in 1QFY2017-18 from 2.2% in last fiscal year\" \/>\n<meta property=\"og:description\" content=\"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 the quarter, compared to EGP […]\" \/>\n<meta property=\"og:url\" content=\"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\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-07T04:11:33+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\/2017\/12\/07\/overall-budget-deficit-declines-to-2-of-gdp-in-1qfy2017-18-from-2-2-in-last-fiscal-year\/#article\",\"isPartOf\":{\"@id\":\"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\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Overall budget deficit declines to 2% of GDP in 1QFY2017-18 from 2.2% in last fiscal year\",\"datePublished\":\"2017-12-07T04:11:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"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\/\"},\"wordCount\":163,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"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\":\"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\/\",\"name\":\"Overall budget deficit declines to 2% of GDP in 1QFY2017-18 from 2.2% in last fiscal year - 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