Egypt expects $12.58 billion in additional revenue for 2015/16

Egypt aims to generate around 98.5 billion Egyptian pounds ($12.58 billion) of additional revenue this financial year by launching economic legislation and financial reforms, Finance Minister Hany Kadry Dimian said on Tuesday. Egypt in July projected revenue for the financial year 2015/16 of 622.2 billion pounds. It also said it expected a budget deficit of 8.9 percent of gross domestic product.