CAIRO - Egypt's State budget deficit is likely to grow to 9.38 per cent in the 2011-12 fiscal year from around 8.5 per cent now as it spends more to boost a sagging economy, the country's Minister of Finance Samir Radwan said Monday. Radwan told Reuters the draft budget due to be presented to cabinet foresees State income of LE342.6 billion ($57.4 billion) and spending of LE500.7 billion. Planning and International Co-operation Minister Faiza Abu el-Naga announced a development plan worth LE230 billion to kick start the economy after a popular revolt ousted Egypt's former president Hosni Mubarak.