Egypt sees primary surplus of 1.5% of GDP, budget deficit of 6.7% of GDP in FY 2021-22

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DUBAI — Egypt is targeting a primary surplus of 1.5% of its gross domestic product and a budget deficit of 6.7% of GDP in the 2021-22 financial year, the cabinet said in a statement on Wednesday citing the finance minister.

The country’s financial year runs from July to June. (Reporting by Momen Saeed Atallah; Writing by Nadine Awadalla; Editing by Catherine Evans)