{"id":51314,"date":"2015-06-19T17:10:00","date_gmt":"2015-06-19T19:10:00","guid":{"rendered":"https:\/\/escaesco.com.br\/lab\/anba\/egypt-expects-lower-deficit\/"},"modified":"2019-06-30T12:59:11","modified_gmt":"2019-06-30T15:59:11","slug":"egypt-expects-lower-deficit","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/egypt-expects-lower-deficit\/","title":{"rendered":"Egypt expects lower deficit"},"content":{"rendered":"<p>S&atilde;o Paulo &ndash;The Egypt&rsquo;s government has approved the budget proposal for the 2015\/2016 fiscal year that starts in July 1st with a reduction of the deficit and expansion of spending with social programs. The budget proposal will be sent to the approval of the president, Abdel Fattah al-Sisi.<\/p>\n<p>According to information released by the news agency <em>Reuters<\/em> this Friday (19th), the new budget forecasts a budget deficit of 9.9% of the Gross Domestic Product (GDP). In the 2014\/2015 fiscal year that will end on June 30th, the estimated deficit stands at 10.8% of the GDP.<\/p>\n<p>This budget proposal forecasts an increase of 12% in spending with social programs in a total of US$ 56.5 billion. According to the proposal, this amounts to 49% of public spending for the next fiscal period. Egypt also forecasts a 5% GDP growth, as well as keeping subsidies for food purchases.<\/p>\n<p><strong>*Translated by S&eacute;rgio Kakitani<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The budget to be sent to the president\u2019s approval allocates 49% of public spending to social programs in the 2015\/2016 fiscal year that starts in July, and expects a 5% GDP growth.<\/p>\n","protected":false},"author":2316,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[],"class_list":{"0":"post-51314","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-economy"},"wps_subtitle":"The budget to be sent to the president\u2019s approval allocates 49% of public spending to social programs in the 2015\/2016 fiscal year that starts in July, and expects a 5% GDP growth.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/51314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=51314"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/51314\/revisions"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=51314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=51314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=51314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}