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Thursday, 10 Dec 2015

Annual Report 2015

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  • Amid Egypt’s Financial Pressure
    • Egypt’s budget deficit has dropped to 11.5% of the  GDP in 2014/2015 compared to 12.2% in 2013/2014
    • Egypt’s current account deficit widened to 12.2 BN USD in 2014/2015 compared to 2.7 BN USD in 2013/2014 as the country’s trade deficit widened by 13.9% mainly driven by the fall in merchandise exports, particularly oil exports, – which made up to 28.4% of total merchandise exports; in addition, the current transfers dropped by 28%.

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