Impact of COVID-19 on projected budget balance in Egypt 2020-2021

The Egyptian budget balance is believed to be affected negatively due to the implications of coronavirus (COVID-19) on the economy. Before the pandemic, it was projected that Egypt's budget deficit was going to be minus 6.3 and 5.1 percent of GDP in 2020 and 2021, respectively. However, with the assumption that the pandemic continues to December 2020, it is estimated that the deficit could worsen to minus 8.7 percent of GDP in 2020 and minus 7.8 percent of GDP in 2021.

Impact of coronavirus (COVID-19) on projected budget balance in Egypt in 2020 and 2021

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Source

Release date

June 2020

Region

Egypt

Survey time period

June 2020

Supplementary notes

Assumptions:
1) Baseline scenario: pandemic subsides in July 2020
2) Worst scenario: pandemic continues to December

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