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Egypt budget deficit expected to widen to 200 bln pounds -agency
December 31, 2012 / 12:20 PM / in 5 years

Egypt budget deficit expected to widen to 200 bln pounds -agency

CAIRO, Dec 31 (Reuters) - Egypt’s budget deficit in the year to end-June 2013 is expected to widen to 200 billion Egyptian pounds ($31.5 billion), from a 166.7 billion pound deficit in 2011/12, the state news agency quoted Planning Minister Ashraf al-Araby as saying on Monday.

Egypt’s budget, released in July, had forecast a 2012/13 deficit of 135 billion pounds.

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