Egypt: Budget deficit widens 25% y/y to EGP 168bn in Jul-Sep
EMCR EMCR
or
or
  

Egypt: Budget deficit widens 25% y/y to EGP 168bn in Jul-Sep

As percent of full-year GDP, fiscal gap edges up to 2.3% as economy keeps expanding despite COVID

Tax revenues rise 17% y/y due to higher VAT revenues

Interest payments accounted for 91% of tax revenues in Jul-Sep and remain major credit weakness

Spending on subsidies roses 9% y/y; social payments jump 18% y/y because of Treasury contributions to pension funds

More content
  • Report views 69

Categories

Please click on any category above if you want to see or subscribe for other content marked with the same category or other categories


Status

Published

Date of creation: 02/11/2021
Date of publication: 02/11/2021