#deficit
The Egyptian government’s expenditure will reach EGP 3 trillion (USD 97.4 billion), while revenues will stand at EGP 2.1 trillion (USD 68.2 billion) for the upcoming fiscal year’s draft budget, according to Minister of Finance Mohamed Maait, speaking to parliament on the 2023/2024 budget on Tuesday, 9 May. This comes as an increase from last year’s EGP 2 trillion (ca. USD 109.1 billion at the time) and EGP 1.5 trillion (ca. USD 81.8 billion at the time) respectively. Interest payments…
