Egypt’s gross domestic product (GDP) growth for 2015/16 climbed to 4.3 per cent from 4.2 pe rcent in the previous year.
Egypt’s Prime Minister Sherif said that the budget deficit widened to 12.1 per cent, from 11.5 percent a year earlier. The prime minister’s GDP figure differed from a report from two finance ministry officials earlier on Monday that Egypt’s GDP grew 3.8 percent in 2015/16. Both figures were lower than the targeted growth of 5 percent for the year.
