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Egypt records primary surplus of 98.5 billion EGP in 2022/21

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Cairo — Egypt recorded a major surplus of £ 98.5 billion ($ 5.23 billion) in the 2021/22 fiscal year through June 30, the State Treasury said Thursday.

The overall budget deficit was 6.1% of GDP, the statement added. ($ 1 = 18.8500 Egyptian pounds) (Report by Moamen Said Attallah and Ahmed Ismail by Lilian Wagdy, edited by David Goodman)

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