Revenues of the Public Budget Grew by 14.6 % over 6 months of Fiscal Year

The monthly report of the Ministry of Finance revealed that the total state budget revenues increased to 572.6 billion pounds during the period from July to December of the fiscal year 2022/2023, an increase of 73 billion pounds over the same period of the last fiscal year, a growth rate of 14.6%.

According to the report of the Ministry of Finance, tax revenues amounted to 461.8 billion pounds during the period from July to December of the fiscal year 2022/2023, an increase of 75 billion pounds over the same period of the last fiscal year, a growth rate of 19.4%, while non-tax revenues amounted to 110.8 billion pounds.

The state’s general budget achieved a primary surplus of EGP 25.5 billion during the period from July to December of the fiscal year 2022/2023, at a rate of 0.27% of Gross Domestic Product (GDP), compared to a deficit of 0.04% during the same period of the previous fiscal year.

However, the state’s general budget deficit reached 4%. percent of GDP during the first half of the current fiscal year, according to the monthly report of the Ministry of Finance.