Group items tagged

This article is about the drop in balance of payment deficit in Egypt in 2012. Balance of payment deficit is when the import of goods and services exceed the export of goods and services. A bank of the country says that such a situation has occurred because of the large number of Egyptian laborers working abroad, especially in countries in The Gulf. We know that in theory, the balance of payments should equal 0. Although balance of payment deficit dropping is a good thing, economists still say that this is still a pressure on the Egyptian government and they will have to strike a deal with the IMF.