{"id":320534,"date":"2021-01-14T12:33:38","date_gmt":"2021-01-14T12:33:38","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=320534"},"modified":"2021-01-14T12:33:54","modified_gmt":"2021-01-14T12:33:54","slug":"egypt-achieves-primary-surplus-of-egp-14bn-during-h1-fy20-21-despite-covid-19","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2021\/01\/14\/egypt-achieves-primary-surplus-of-egp-14bn-during-h1-fy20-21-despite-covid-19\/","title":{"rendered":"Egypt achieves primary surplus of EGP 14bn during H1 FY20\/21 despite COVID-19"},"content":{"rendered":"<p>Egypt recorded a primary surplus of EGP 14 billion during the first half (H1) of fiscal year 2020\/2021 despite the negative impact of the coronavirus (COVID-19) pandemic on economy, the Minister of Finance, Mohamed Maait, revealed, citing preliminary data.<\/p>\n<p>The country\u2019s revenues rose by 16% during the July-December period of 2020, Maait said in a statement on Thursday.<\/p>\n<p>In addition, the overall budget deficit narrowed to 3.6% during the six-month period, compared to 4.1% in the year-ago period.<\/p>\n<p>Expenditures grew by 9.6% on the back of higher government provisions for investments and social protection programmes, the payment of dues to the pension fund, and higher spending on health and educations sectors.<\/p>\n<p>The ministry succeeded in extending the debt maturity to 3.2 years in June 2020, compared to 1.3 years in June 2013 and 1.8 years in June 2014.<\/p>\n<p>The country aims to extend the debt tenor to 3.8 years by the end of June 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt recorded a primary surplus of EGP 14 billion during the first half (H1) of fiscal year 2020\/2021 despite the negative impact of the coronavirus (COVID-19) pandemic on economy, the Minister of Finance, Mohamed Maait, revealed, citing preliminary data.<\/p>\n","protected":false},"author":4,"featured_media":320277,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-320534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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