Economy / Egypt
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Macroeconomic Forecast Egypt
March 2007 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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We see last year's fiscal deficit of 7.3% of GDP as a peak, reflecting the high spending associated with oil subsidies and the end-05 elections. With oil prices declining and subsidy spending cut in July, we see expenditure growth falling to 4.5% in FY06/07.