Egypt's state budget deficit, bloated after political turmoil rocked the economy, is forecast to widen to 9.38 percent of gross domestic product (GDP) in the 2011/12 fiscal year, the country's finance minister said.
That compares with an expected deficit of about 8.5 percent for the 2010/11 fiscal year ending on June 30, Samir Radwan told Reuters on Monday.
Soaring prices and high unemployment fuelled pro-democracy protests that brought down President Hosni Mubarak in February after 30 years in power in the Arab World's most populous state.
No comments:
Post a Comment