The current account deficit of the Egyptian economy improved during the first half of the fiscal year 2023/2022 after declining by 77.2 percent, falling to $ 1.8 billion. According to the monthly bulletin issued by the Central Bank of Egypt, the improvement in Egypt's account of transactions with the outside world came as a result of the decline in the trade balance deficit by 28.4 percent by $ 6.2 billion, to be limited to about $ 15.5 billion.
The surplus of the service balance doubled due to the increase in both tourism revenues and toll revenues in the Suez Canal. According to the data, the capital and financial transactions account achieved a net inflow of about $ 2.8 billion, as the net inflow of foreign direct investment rose to $ 5.7 billion.
Source (Al-Arabiya.net website, Edited)
