Egypt forecasts economic growth above 3 pct in 2014/15 fiscal year

CAIRO, June 30 Mon Jun 30, 2014 7:27am EDT

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CAIRO, June 30 (Reuters) - Egypt's economy is expected to grow by more than 3 percent during the 2014/15 fiscal year, Finance Minister Hany Kadry Dimian said on Monday, in line with previous forecasts.

The minister spoke the day after President Abdel Fattah al-Sisi approved a revised and tightened budget for the next fiscal year, which begins Tuesday, the first step toward a period of painful economic austerity. (Reporting by Asma Alsharif; Editing by Alison Williams)

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