Egypt: Finance Ministry Reports Budget Deficit Decline to 3.2%, Historic Primary Surplus

Ministry of Finance has announced a significant reduction in the overall budget deficit for the period from July to November in the current fiscal year (2024/2025), showing a decrease of LE 92 billion.

The deficit now stands at LE 560.6 billion, representing 3.2 percent of the GDP, down from LE 652.7 billion, or 4.6 percent of GDP, during the same period in the previous fiscal year.

In addition to the deficit reduction, the primary surplus saw a historic surge, reaching LE 170 billion. This marks…