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Egypt state budget projects 2014/15 deficit at 12 pct, growth 3.2 pct: statement

شعار Reuters Reuters 26/05/2014

CAIRO - Egypt's government forecast 3.2 percent economic growth and a deficit of 12 percent of gross domestic product for 2014/15 in its final draft budget submitted to interim President Adly Mansour on Monday, a statement from the Finance Ministry said.

The draft also forecast government spending at 807 billion Egyptian pounds ($113.1 billion), 65 billion more than the current year.

Egypt is voting on Monday and Tuesday to elect a new president. ($1 = 7.1325 Egyptian Pounds)

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