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Primary surlpes

Egypt achieves EGP 822B primary surplus during past 11 months

The total deficit decreased to 3.6% of the local output, instead of 6.1% in the previous fiscal year, the minister of finance indicated.

Egypt achieves primary surplus of 1.6% of GDP in June 2023

This surplus was then utilized to cover a portion of the interest payments on the public debt. As a result, the overall deficit of the country decreased to 6% of the gross domestic product by June 2023.