Egypt targets 6.4% growth, 6.2% deficit in fiscal 2020/2021 – finance ministry


CAIRO (Reuters) – Egypt is targeting 6.4% growth and a budget deficit of 6.2% in fiscal year 2020/2021, the finance ministry said on Monday.

Egypt is also targeting a debt-to-GDP ratio of 80%, the ministry said in a preliminary financial statement for next fiscal year’s budget.

Reporting by Ehab Farouk; Writing by Yousef Saba; Editing by Alex Richardson

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