{"id":651598,"date":"2017-02-16T04:17:55","date_gmt":"2017-02-16T04:17:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/16\/govt-revises-deficit-target-up-to-10-25-for-the-current-fiscal-year\/"},"modified":"2017-02-16T04:17:55","modified_gmt":"2017-02-16T04:17:55","slug":"govt-revises-deficit-target-up-to-10-25-for-the-current-fiscal-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/16\/govt-revises-deficit-target-up-to-10-25-for-the-current-fiscal-year\/","title":{"rendered":"Gov\u2019t revises deficit target up to 10.25% for the current fiscal year"},"content":{"rendered":"

Finance ministry revises budget deficit target for current FY: <\/strong>The budget deficit for the state\u2019s current fiscal year will close in the 10-10.25% range against an initial estimate of 9.8% of GDP, Reuters\u2019 Arabic service<\/a> quotes Finance Minister Amr El Garhy as saying. El Garhy says Egypt remains on track to bring the deficit down from the 12.2% recorded in FY2015-16.<\/p>\n","protected":false},"excerpt":{"rendered":"

Finance ministry revises budget deficit target for current FY: The budget deficit for the state\u2019s current fiscal year will close in the 10-10.25% range against an initial estimate of 9.8% of GDP, Reuters\u2019 Arabic service quotes Finance Minister Amr El Garhy as saying. El Garhy says Egypt remains on track to bring the deficit down […]<\/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-651598","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"bd9675b5-e8bc-43f0-9737-e7c8a5b0ee58","order":"0","is_powered_by":true,"section_story_id":"22e849de-d4ed-4b06-be5c-1b0cfe060817","story_type":"1","photo_url":"","photo_position":"above","related_issue":[651589],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t revises deficit target up to 10.25% for the current 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\/02\/16\/govt-revises-deficit-target-up-to-10-25-for-the-current-fiscal-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t revises deficit target up to 10.25% for the current fiscal year\" \/>\n<meta property=\"og:description\" content=\"Finance ministry revises budget deficit target for current FY: The budget deficit for the state\u2019s current fiscal year will close in the 10-10.25% range against an initial estimate of 9.8% of GDP, Reuters\u2019 Arabic service quotes Finance Minister Amr El Garhy as saying. El Garhy says Egypt remains on track to bring the deficit down […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/16\/govt-revises-deficit-target-up-to-10-25-for-the-current-fiscal-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-16T04:17:55+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\/2017\/02\/16\/govt-revises-deficit-target-up-to-10-25-for-the-current-fiscal-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/16\/govt-revises-deficit-target-up-to-10-25-for-the-current-fiscal-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t revises deficit target up to 10.25% for the current fiscal year\",\"datePublished\":\"2017-02-16T04:17:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/16\/govt-revises-deficit-target-up-to-10-25-for-the-current-fiscal-year\/\"},\"wordCount\":73,\"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\/02\/16\/govt-revises-deficit-target-up-to-10-25-for-the-current-fiscal-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/16\/govt-revises-deficit-target-up-to-10-25-for-the-current-fiscal-year\/\",\"name\":\"Gov\u2019t revises deficit target up to 10.25% for the current fiscal year - 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The overall deficit also narrowed to 7.8%, down from 9.3% in the same\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":627802,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/12\/egp-70-bn-overdraft-will-not-impact-budget-deficit-el-garhy\/","url_meta":{"origin":651598,"position":2},"title":"EGP 70 bn overdraft will not impact budget deficit - El Garhy","author":"enterpriseam admin","date":"12 June 2018","format":false,"excerpt":"BUDGET WATCH- Overdraft won\u2019t blow budget deficit target, El Garhy says. Some EGP 70 bn in overdraft spending for the soon-to-close FY2017-18 budget will not impact Egypt\u2019s targeted budget deficit for the year, said Finance Minister Amr El Garhy. 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Projections for the current fiscal year have also been amended to 4.2%, downfrom 5.1% as the pandemic continues to weigh on the economy. 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