Egypt's total budget deficit down to 10.5 bln USD in fiscal year 2023/24

CAIRO, July 17 (Xinhua) -- Egypt's total budget deficit dropped to 505 billion Egyptian pounds (about 10.5 billion U.S. dollars) in the fiscal year 2023/2024 that concluded on June 30, compared with 610 billion Egyptian pounds in the previous fiscal year, Egyptian Finance Minister Ahmed Kouchouk said in a statement on Wednesday.

Kouchouk added that the country's revenues recorded annual growth of 59.3 percent du