国际英语资讯:Roundup: Egypt achieves positive economic indicators despite COVID-19: statement
<p><span word="CAIRO">CAIRO</span>, <span word="July">July</span> 29-- <span word="Egypt">Egypt</span> <span word="has">has</span> <span word="achieved">achieved</span> <span word="positive">positive</span> <span word="economic">economic</span> <span word="indications">indications</span> <span word="in">in</span> <span word="the">the</span> <span word="fiscal">fiscal</span> <span word="year">year</span> 2019-2020 <span word="compared">compared</span> <span word="to">to</span> <span word="the">the</span> <span word="previous">previous</span> <span word="year">year</span> <span word="amid">amid</span> <span word="the">the</span> <span word="COVID">COVID</span>-19 <span word="impact">impact</span>, <span word="said">said</span> <span word="Egyptian">Egyptian</span> <span word="Prime">Prime</span> <span word="Minister">Minister</span> <span word="Mostafa">Mostafa</span> <span word="Madbouly">Madbouly</span> <span word="in">in</span> <span word="a">a</span> <span word="statement">statement</span> <span word="on">on</span> <span word="Wednesday">Wednesday</span>.</p><p><span word="The">The</span> <span word="fiscal">fiscal</span> <span word="year">year</span> <span word="in">in</span> <span word="Egypt">Egypt</span> <span word="begins">begins</span> <span word="in">in</span> <span word="July">July</span>.</p><p>"<span word="The">The</span> <span word="country">country</span> <span word="also">also</span> <span word="achieved">achieved</span> <span word="a">a</span> <span word="primary">primary</span> <span word="surplus">surplus</span> <span word="of">of</span> 1.8 <span word="percent">percent</span> <span word="of">of</span> <span word="gross">gross</span> <span word="domestic">domestic</span> <span word="product">product</span> (<span word="GDP">GDP</span>) <span word="in">in</span> 2019-2020, <span word="compared">compared</span> <span word="to">to</span> <span word="a">a</span> <span word="target">target</span> <span word="of">of</span> 2 <span word="percent">percent</span> <span word="before">before</span> <span word="the">the</span> <span word="outbreak">outbreak</span> <span word="of">of</span> <span word="COVID">COVID</span>-19," <span word="Madbouly">Madbouly</span> <span word="said">said</span>.</p><p><span word="Egypt">Egypt</span>'<span word="s">s</span> <span word="overall">overall</span> <span word="budget">budget</span> <span word="deficit">deficit</span> <span word="narrowed">narrowed</span> <span word="to">to</span> 7.8 <span word="percent">percent</span> <span word="of">of</span> <span word="the">the</span> <span word="GDP">GDP</span> <span word="in">in</span> <span word="the">the</span> <span word="fiscal">fiscal</span> <span word="year">year</span> 2019-2020, <span word="down">down</span> <span word="from">from</span> 8.2 <span word="percent">percent</span> <span word="in">in</span> 2018-2019, <span word="despite">despite</span> <span word="the">the</span> <span word="impact">impact</span> <span word="of">of</span> <span word="the">the</span> <span word="pandemic">pandemic</span>, <span word="he">he</span> <span word="added">added</span>.</p><p><span word="Madbouly">Madbouly</span> <span word="pointed">pointed</span> <span word="out">out</span> <span word="that">that</span> <span word="though">though</span> <span word="the">the</span> <span word="targeted">targeted</span> <span word="indications">indications</span> <span word="have">have</span> <span word="not">not</span> <span word="been">been</span> <span word="fulfilled">fulfilled</span>, <span word="the">the</span> <span word="numbers">numbers</span> <span word="of">of</span> <span word="the">the</span> <span word="initial">initial</span> <span word="surplus">surplus</span> <span word="and">and</span> <span word="the">the</span> <span word="overall">overall</span> <span word="deficit">deficit</span> <span word="are">are</span> <span word="better">better</span> <span word="than">than</span> <span word="last">last</span> <span word="year">year</span>.</p><p><span word="The">The</span> <span word="county">county</span>'<span word="s">s</span> <span word="GDP">GDP</span> <span word="growth">growth</span> <span word="is">is</span> <span word="expected">expected</span> <span word="to">to</span> <span word="stand">stand</span> <span word="at">at</span> 3.8 <span word="percent">percent</span> <span word="of">of</span> <span word="the">the</span> <span word="fiscal">fiscal</span> <span word="year">year</span> 2019-2020, <span word="down">down</span> <span word="from">from</span> <span word="a">a</span> <span word="budget">budget</span> <span word="initial">initial</span> <span word="projection">projection</span> <span word="of">of</span> 6 <span word="percent">percent</span>, <span word="the">the</span> <span word="cabinet">cabinet</span> <span word="statement">statement</span> <span word="quoted">quoted</span> <span word="Finance">Finance</span> <span word="Minister">Minister</span> <span word="Mohamed">Mohamed</span> <span word="Maait">Maait</span> <span word="as">as</span> <span word="saying">saying</span> <span word="during">during</span> <span word="the">the</span> <span word="weekly">weekly</span> <span word="government">government</span> <span word="meeting">meeting</span>.</p><p><span word="Maait">Maait</span> <span word="added">added</span> <span word="that">that</span> <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="debt">debt</span> <span word="ratio">ratio</span> <span word="is">is</span> <span word="expected">expected</span> <span word="to">to</span> <span word="decline">decline</span> <span word="to">to</span> 86.2 <span word="percent">percent</span> <span word="of">of</span> <span word="GDP">GDP</span> <span word="at">at</span> <span word="the">the</span> <span word="end">end</span> <span word="of">of</span> <span word="June">June</span> <span word="from">from</span> 90.4 <span word="percent">percent</span> <span word="a">a</span> <span word="year">year</span> <span word="earlier">earlier</span>.</p><p><span word="The">The</span> <span word="state">state</span> <span word="budget">budget</span> <span word="debt">debt</span> <span word="has">has</span> <span word="declined">declined</span> <span word="to">to</span> 86.2 <span word="percent">percent</span> <span word="in">in</span> <span word="the">the</span> <span word="GDP">GDP</span> <span word="in">in</span> <span word="June">June</span> 2020 <span word="compared">compared</span> <span word="to">to</span> 90.4 <span word="percent">percent</span> <span word="in">in</span> <span word="the">the</span> <span word="same">same</span> <span word="period">period</span> <span word="in">in</span> 2019, <span word="the">the</span> <span word="minister">minister</span> <span word="added">added</span>, <span word="deeming">deeming</span> <span word="it">it</span> <span word="as">as</span> <span word="a">a</span> <span word="big">big</span> <span word="accomplishment">accomplishment</span> <span word="that">that</span> <span word="implied">implied</span> <span word="the">the</span> <span word="government">government</span>'<span word="s">s</span> <span word="good">good</span> <span word="and">and</span> <span word="balanced">balanced</span> <span word="plan">plan</span> <span word="in">in</span> <span word="controlling">controlling</span> <span word="the">the</span> <span word="impacts">impacts</span> <span word="of">of</span> <span word="the">the</span> <span word="pandemic">pandemic</span>.</p>
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