File Photo: Finance Minster Mohamed Maait. Photo courtesy of Egyptian Finance ministry Facebook page.
The report contained a rundown of the key indices of the country’s economic performance amid the pandemic.
It noted that all international financial institutions, global development banks, and credit ratings have concurred on the Egyptian economy’s resilience in the face of external shocks.
Additionally, Egypt’s budget achieved a 1.5 percent initial surplus in FY2020/21, according to the report.
Furthermore, Egypt’s overall budget deficit declined to 7.4 percent in FY2020/21, down from the 8 percent recorded in FY2019/20.
The report also pointed out that the unemployment rate declined to 7.9 percent in both FY2019/20 and FY2020/21, down from the 9.9 percent recorded in 2018/19.