{"id":39044,"date":"2022-07-16T07:30:00","date_gmt":"2022-07-16T05:30:00","guid":{"rendered":"https:\/\/www.ecomnewsmed.com\/?post_type=news&#038;p=39044"},"modified":"2022-07-12T12:14:33","modified_gmt":"2022-07-12T10:14:33","slug":"egypt-the-government-expects-economic-growth-of-5-5-for-the-2022-2023-financial-year","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2022\/07\/16\/egypt-the-government-expects-economic-growth-of-5-5-for-the-2022-2023-financial-year\/","title":{"rendered":"Egypt: The government expects economic growth of 5.5% for the 2022\/2023 financial year"},"content":"\n  \n    \n      \nThe Egyptian government expects economic growth of 5.5% in the 2022\/2023 financial year (July 1-June 30), Planning and Economic Development Minister Hala Helmy el-Said announced on July 5.\n\n    \n  \n\n\n  \n    \n      \nThe official also revealed that her country achieved economic growth of 6.2% during the 2021\/2022 financial year ended on June 30.\n\n    \n  \n\n\n  \n    \n      \nDuring this past financial year, the budget deficit fell to 6.1% against 6.8% during the previous financial year, while the cost of debt service represented 32.8% of the State Budget. compared to 35.8% during the 2020\/2021 financial year\n\n    \n  \n\n\n  \n    \n      \nLast June, the World Bank raised its growth forecast for the Egyptian economy in 2022 to 6.1%, from a previous forecast of 5.9% announced in April.\n\n    \n  \n\n\n  \n    \n      \nFor 2023 and 2024, the multilateral financial institution forecasts Egypt&#8217;s real GDP growth rates of 4.8% and 5% respectively.\n\n    \n  \n\n\n  \n    \n      \nLast May, Egyptian Prime Minister Mostafa Madbouly announced that the country should reach an agreement with the International Monetary Fund (IMF) &#8220;in a few months&#8221; on a new multi-billion dollar financing program, intended to immunize the economy against external shocks related to the Russian-Ukrainian conflict.\n\n    \n  \n\n","author":114,"featured_media":35442,"comment_status":"open","ping_status":"closed","template":"","tags":[6567,5766,5751,5805],"location":[5600],"class_list":["post-39044","news","type-news","status-publish","has-post-thumbnail","hentry","tag-budget-2","tag-economic-analysis","tag-economy","tag-finance","location-egypt"],"short_url":"https:\/\/bit.ly\/3yshBqJ","have_related_news":"done","chapo":"The most populous country in the Arab world achieved economic growth of 6.2% during the 2021\/2022 financial year which ended on June 30.","media":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/01\/egypte-le-gouvernement-avec-laide-des-nations-unies-va-lancer-un-projet-de-developpement-de-parcs-eco-industriels-2-550x360.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/01\/egypte-le-gouvernement-avec-laide-des-nations-unies-va-lancer-un-projet-de-developpement-de-parcs-eco-industriels-2-550x360.png 550w","sizes":"550px","alt":"Egypte : Le gouvernement avec l\u2019aide des Nations unies va lancer un projet de d\u00e9veloppement de parcs \u00e9co-industriels 1","width":550,"height":360,"ratio":0.56,"credit_photo":""},"media-news-header":{"src":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/01\/egypte-le-gouvernement-avec-laide-des-nations-unies-va-lancer-un-projet-de-developpement-de-parcs-eco-industriels-2-1170x658.png","srcset":"https:\/\/www.ecomnewsmed.com\/app\/uploads\/2022\/01\/egypte-le-gouvernement-avec-laide-des-nations-unies-va-lancer-un-projet-de-developpement-de-parcs-eco-industriels-2-1170x658.png 1170w","sizes":"1170px","alt":"Egypte : Le gouvernement avec l\u2019aide des Nations unies va lancer un projet de d\u00e9veloppement de parcs \u00e9co-industriels 1","width":1170,"height":658,"ratio":0.56,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - 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