Adds details on government debt and inflation
CAIRO, Nov 16 (Reuters) - Egypt plans to reduce its budget deficit to 6.5% of gross domestic product (GDP) in the year beginning July 2021 from 7.5% this year, according to a finance ministry document obtained by Reuters on Monday.
Government debt was forecast to rise to 88% of GDP in fiscal 2021/22 from the 83% projected for this year, said the document, which was dated October.
The average interest rate on government debt instruments was expected to edge down to 13% from 13.5% this year, while headline inflation was targeted to come in at between 6% and 12% in 2021/22, unchanged from the current target range, the document showed.
(Reporting by Nadine Awadalla and Ehab Farouk; Writing by Ulf Laessing and Patrick Werr; Editing by Hugh Lawson and Giles Elgood)
((Ulf.Laessing@thomsonreuters.com; Reuters Messaging: follow me on twitter @ulflaessing))
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