CAIRO - Egypt's budget deficit will reach 106 billion Egyptian pounds in the fiscal year 2010/11, and will start falling the following year, state media on Wednesday reported, citing the finance minister. The deficit next year would be 8 billion pounds more than in 2009/10, implying a deficit of 98 billion pounds this fiscal year, the government-owned daily al-Ahram quoted Youssef Boutros-Ghali as saying. The minister did not give a ratio but previously said the deficit would be 7.9 per cent of gross domestic product in the year that ends in June 30, 2011. The deficit would then start falling to 3.3 per cent of gross domestic product, the report said. It was not immediately clear if that target of 3.3 per cent would be hit in 2011/12.