(MENAFN) Egypt expects economic growth of around 4 percent in fiscal year 2014-15, which ends in June, boosted by rising confidence and a windfall from lower oil prices, Arab News reported.
The budget deficit for this year would fall to between 10 and 10.5 percent of gross domestic product, down from 12.5 to 12.6 percent in 2013-14, the country's finance minister said.
"We're revising our growth rate from 3.8 percent, which was published in March 2014, and we're going to be easily north of 4 percent," the minister said at the World Economic Forum in Davos.
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