The coronavirus pandemic has deepened Egypt’s state budget deficit to 6.5% of the gross domestic product (GDP) in the first 11 months of fiscal year 2020, which ended on June 30 — up from 6.2% of GDP for the same period a year earlier.
The deficit in the state budget was 389.1 billion Egyptian pounds ($24.3 billion) at the end of May, the Ministry of Finance said in a statement.