Egypt forecasts economic growth above 3 pct in 2014/15 fiscal year
CAIRO, June 30
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)