Egypt’s current account deficit widens to $12.2 bln in FY 2014/15: central bank

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CAIRO   – Egypt’s current account deficit widened to $12.2 billion in the 2014/15 fiscal year from $2.7 billion the previous year, the central bank said on Wednesday.

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Gulf Arab countries gave Egypt about $35 billion in aid in the form of oil shipments, cash grants and deposits in Egypt’s central bank since former army chief Abdel Fattah al-Sisi deposed Islamist President Mohamed Mursi after mass protests in 2013.[pro_ad_display_adzone id=”70560″]

The 2014/15 fiscal year ended at the end of June.(Reuters)


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