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Egypt’s growth seen at 7 pct next year: minister

By on December 13, 2010

Egypt’s finance minister said on Monday he expected growth to hit 7 percent next year and 8-8.5 percent the year after.

Finance Minister Youssef Boutros Ghali said the budget deficit goal for this year was 7.9 percent, but was likely to be 7.5 percent. He said he expected a budget deficit of 6.5 percent in the next year.

Egypt’s financial year runs from July 1 to June 30.

Reuters.

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