Central Bank of Egypt to issue 90B EGP treasury bills tomorrow amid recent 100 bps interest rate cut.
The deficit reached 560.6 billion EGP, representing 3.2% of the GDP, compared to 652.7 billion EGP which amounts to 4.6% of GDP
For the full fiscal year 2024/2025, Egypt is projecting a budget deficit of EGP 1.245 trillion, which represents 7.3% of the GDP.
On her part, EU’s President Ursula von der Leyen wrote on X that it is good to be in Cairo for the EU-Egypt Investment Conference with President El-Sisi, adding, "In March we opened a new chapter in our partnership. Today we deliver.”
Maait stated in a ministry statement on Tuesday that the Ministry of Finance is targeting EGP 2 trillion in tax revenues for the new budget, without imposing any additional burdens on citizens or investors.
