" /> " /> " />

Egypt budget deficit forecast raised ahead of loan talks

13 March 2012

Egypt has increased its deficit forecast by 17% to EGP150bn ($25bn) from an initial 134bn in a bid to facilitate its efforts to line up an urgently needed international loan, Reuters has reported. Deputy Finance Minister Abdul-Aziz Mohamed Tantawy has said that "This is due to measures the government took to satisfy demands by labour groups and expenses related to elections".

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications