November 20, 2018 / 9:45 AM / a month ago

Egypt's budget deficit in Q1 FY 2018-19 down to 1.9 pct - finance minister

CAIRO, Nov 20 (Reuters) - Egypt’s budget deficit for the first quarter of the 2018-2019 fiscal year starting in July was slightly down to 1.9 percent from 2 percent last year, Finance Minister Mohamed Maait said.

Egypt has been looking to tighten control of its finances as it pushes ahead with ambitious economic reforms tied to a $12 billion three-year International Monetary Fund lending programme it agreed in late 2016. (Reporting by Ehab Farouk Writing by Amina Ismail Editing by Peter Graff)

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