CAIRO - Egypt's economy is expected to grow by 5.8 per cent in the current fiscal year (FY) and 6.5 per cent in fiscal 2011/12, a statement from the Economic Development Ministry said on Thursday. The budget deficit is expected to be eight per cent of gross domestic product (GDP) in 2010/11, declining to 7.5 per cent in 2011/12, the statement added. Egypt's fiscal year runs from July to June.