State’s general budget deficit under control: minister ...Egypt

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State’s general budget deficit under control: minister
The state’s general budget deficit is under control, Mohamed Maait, Minister of Finance, confirmed. He also pointed out that some may see that the indicators of the state’s draft general budget for the fiscal year 2022/2023 are optimistic or difficult to achieve but that reality confirms the success of the Egyptian financial policy in controlling the ratio of the total deficit to the gross domestic product. He added that the gross domestic product has been witnessing huge increases over recent years. Maait said that the subsidy for supply goods during the fiscal year 2021/2022 is worth to about LE87 billion, including ration cards, wheat and bread subsidies. He made clear that out of the num

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