CAIRO — Egypt's Finance Minster Youssef Boutros Ghali says the country's budget deficit is expected to decline even further this fiscal year. Boutros Ghali said Tuesday that state revenues for fiscal 2009-2010 was 269 billion Egyptian pounds ($47 billion) while total expenditures were 367 billion pounds. The deficit for that fiscal year, which ended last month, was 8.3 percent. He said anticipated savings on wages and cutbacks of about 15 billion pounds, including on subsidies, will bring...
Full Story: MSNBC
