The budget deficit is expected to narrow to 6.7 percent of GDP, from an expected 7.7 percent in the current fiscal year, before falling to 6.2 percent in FY 2022-2023, according to The Ministry of Finance.
The ministry expects the country’s primary surplus to increase to 1.5 percent in FY2021-2022 from 0.9 percent this year, before falling to 1.3 percent the year after.
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The Finance Ministry released yesterday its draft FY2021-2022 budget, which is under discussion at the House of Representatives after earning cabinet sign-off last month.
the government expenditures are forecast to reach EGP 1.8 trillion, while the revenues are seen at EGP 1.36 trillion.
Public investments are expected to register EGP 358.1 billion in FY21/22.
