Dinh, Hinh T.; Giugale, Marcelo - Economics Research, World Bank Group - 1991
Although Egypt's budget deficit is far above the level found in other low-middle-income countries, the inflation rate … to an inflation tax that, at 11 percent of GDP in 1987, constitutes a large share of total tax revenues. By contrast …, conventional tax revenues come to only 17 percent of GDP. The authors report a large, underlying inflation-tax base - from which …