Egypt's Planning Minister Ashraf Al-Araby speaks during an interview in Cairo December 31, 2013.  REUTERS/Stringer

Egypt targets budget deficit of 9.8 pct for 2016-2017

CAIRO: The Egyptian government is targeting a budget deficit of 9.8 percent for 2016-2017 and 9 percent for the following year, the planning minister said in a news conference on Saturday.

Ashraf al-Araby also said his government is targeting less than 4.5 percent growth in the second half of the fiscal year, 5.3 percent growth in 2016-2017 and 6 percent in 2017-2018.

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