Egypt's total budget deficit reached LE 218 billion from July 2017 to January 2018 representing 5.1% of the gross domestic product against LE 195 billion in the same period last year.
In a statement on Monday, the ministry said
total revenues rose to LE 353.7 billion against LE 273.2 billion in the same
period last year.
Tax revenues rose to LE 291.9 billion against
198.7 billion in the corresponding period last year.
Non-tax revenues plunged LE 61.9 billion against the LE 74.6 billion in the same period last year.
Total expenditures ratcheted up to LE 570.2 billion within seven months against LE 464.4 billion in the same period last year.
Wages and compensation of employees upped by 4.8% to stand at LE 103.4 billion, the statement said.
Expenditures for purchase of goods and services ramped up to LE 21.9 billion.
Interest expenditures rose to LE 204.7 billion, added the statement.
Expenditures for purchase of non-financial assets ratcheted up LE 41.9 billion, while expenditures on subsidy, grants and social benefits climbed to LE 131 billion.