Egypt Budget deficit could go up to LE182 billion, 11.7 per cent of GDP, which entails a funding gap of some $12 billion; forcing Egypt to resort to foreign borrowing
(Source: http://english.ahram.org.eg --- Sunday 25 Dec 2011- Ahmed Feteha) Egypt's budget deficit is expected to reach LE182 billion ($30 billion) in the current financial year. Al-Ahram daily news reported that a top level ministerial committee concluded...