The Russia-Ukraine war affected economic growth and government finances in North Africa. According to projections, the fiscal balance as a share of GDP declined in all North African countries due to the war. Considering the long-conflict scenario, with the war continuing after June 2022, Egypt's budget balance would correspond to minus *** percent of the GDP in 2022. In contrast, the baseline scenario saw the fiscal balance at minus **** percent of the GDP. In Libya, the ratio would reach minus percent, compared to a baseline scenario of minus *** percent.
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ESCWA. (July 12, 2022). Impact of the Russia-Ukraine war on the budget balance as a share of GDP in North Africa in 2022, by country [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 05, 2026, from /statistics/1322452/impact-of-the-russia-ukraine-war-on-fiscal-balance-in-north-africa-by-country/
ESCWA. "Impact of the Russia-Ukraine war on the budget balance as a share of GDP in North Africa in 2022, by country." Chart. July 12, 2022. ÌÇÐÄÆƽâ°æ. Accessed August 05, 2026. /statistics/1322452/impact-of-the-russia-ukraine-war-on-fiscal-balance-in-north-africa-by-country/
ESCWA. (2022). Impact of the Russia-Ukraine war on the budget balance as a share of GDP in North Africa in 2022, by country. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 05, 2026. /statistics/1322452/impact-of-the-russia-ukraine-war-on-fiscal-balance-in-north-africa-by-country/
ESCWA. "Impact of The Russia-ukraine War on The Budget Balance as a Share of Gdp in North Africa in 2022, by Country." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 12 Jul 2022, /statistics/1322452/impact-of-the-russia-ukraine-war-on-fiscal-balance-in-north-africa-by-country/
ESCWA, Impact of the Russia-Ukraine war on the budget balance as a share of GDP in North Africa in 2022, by country ÌÇÐÄÆƽâ°æ, /statistics/1322452/impact-of-the-russia-ukraine-war-on-fiscal-balance-in-north-africa-by-country/ (last visited August 05, 2026)
Impact of the Russia-Ukraine war on the budget balance as a share of GDP in North Africa in 2022, by country [Graph], ESCWA, July 12, 2022. [Online]. Available: /statistics/1322452/impact-of-the-russia-ukraine-war-on-fiscal-balance-in-north-africa-by-country/
