Egypt GDP growth for Q1 2015-2016 likely below 5%: planning minister

Egypt's planning minister said on Tuesday that he expects GDP growth for the first fiscal quarter of 2015-2016 to be less than 5 percent, and that the government would look to push the budget deficit below 10 percent within the next two fiscal years.
Egypt will also establish a company with capital of LE8 billion by the end of December to reclaim 1.5 million feddans (1.56 million acres) of desert, the minister said in an interview with Reuters. 

Back to top button