Egypt targets budget deficit below 10% for 2016-2017: minister

The Egyptian government is targeting a budget deficit of less than 100 percent for the financial year 2016-2017, the planning minister said on Monday.

Ashraf al-Araby also said his government seeks to reach some serious alternatives to face the current budget deficit, double the investment rate, and create more job opportunities in line with the state’s 2030 development scheme.