Egypt's fiscal year begins in July and ends in June.
Madbouli's remarks came during his meeting on Sunday with the ministers of petroleum, planning, finance, public business sector and trade, as well as Sovereign Fund of Egypt CEO Ayman Soliman.
This marks the highest rating CAPMAS has given in almost five and half years.
“Commissions apply only when using debit cards, prepaid cards, and salary cards for other bank machines other than the bank issuing the card, with a prescribed commission of EGP 5,” it added.
Egypt's budget deficit rose to EGP 367.39 billion during the period from July to the end of December 2022, compared to EGP 285.13 billion during the same period last year.
