Egypt's draft 2022/23 budget projects spending rising to 2.07 trillion pounds

Egypt's draft budget for the 2022/23 financial year projects spending to rise 15% to 2.07 trillion Egyptian pounds ($112 billion), and revenue at 1.52 trillion pounds ($82 bln), the finance minister said on Monday.

The budget deficit is forecast at 6.1% of gross domestic product in 2022/23, down from an estimated 6.2% in the current financial year.

Also Read: Egypt seeks private-sector participation in state-owned assets worth $10 bln annually for 4 years -TV

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)