Business

Egypt's budget deficit rises by 16.8 pct yr/yr in first nine months

Monday 05-09-2016 08:52 PM

Photo from the Ministry of Planning official website.

By Reuters

CAIRO, Sept 5 (Reuters) - Egypt's budget deficit rose by 16.8 percent to 254.9 billion Egyptian pounds ($28.71 billion) in the first nine months of 2015/16, the Planning Ministry said in a document on Monday.

Real GDP growth for the first nine months reached 4.3 percent versus 4.8 percent in the same period a year earlier.

($1 = 8.8799 Egyptian pounds)

(Reporting by Ehab Farouk; Writing by Asma Alsharif; Editing by Dominic Evans)

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