Middle-east Arab News Opinion | Asharq Al-awsat

Egypt's PM eyes growth, aims to cut deficit - ASHARQ AL-AWSAT English Archive
Select Page

CAIRO, (Reuters) – Prime Minister Hisham Kandil expects Egypt’s economy to grow by 3-4 percent in the financial year 2012/13 and could hit the government’s target of 4-4.5 percent if its goals for public and private investment flows were achieved, he said on Sunday.

Speaking to Reuters in an interview he also said that the government aimed to cut the budget deficit, now running at about 8 percent of gross domestic product, by 1 percentage point in two years, although he said that target was “dynamic”.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

More Posts

Follow Me:
FacebookGoogle PlusYouTube