The Egyptian Minister of Finance, Dr. Mohamed Maait, revealed that Egypt recorded a primary surplus in the fiscal year 2023-2024, at 3% of GDP, worth 416 billion pounds, with an annual growth rate exceeding 8 and a half times.
Minister Maait explained that "non-tax revenues witnessed an increase of 123 percent, and tax revenues of more than one trillion pounds were achieved with a growth rate of 41 percent. The overall deficit stood at 5.4 percent despite the effects of global and regional crises and high-interest rates." He pointed out that "investments financed by the state treasury decreased by 19 percent to make room for the private sector more".
Source (Al-Khaleej Emirati Newspaper, Edited)
