budget deficit

Egypt’s debt burden spurs Muslim Brotherhood call for austerity
Business

Egypt’s debt burden spurs Muslim Brotherhood call for austerity

Egypt’s Muslim Brotherhood is campaigning for September’s parliamentary elections on a platform to trim the country’s budget deficit. The group,…
Ministry examines how to finance budget
Business

Ministry examines how to finance budget

Officials from the Finance Ministry held meetings over the past two days to examine ways of financing the state budget…
IMF places US$3bn at disposal of Egypt
Business

IMF places US$3bn at disposal of Egypt

The International Monetary Fund (IMF) has placed US$3 billion at the disposal of Egypt to use whenever it wishes, even…
Egypt debt weighs heavily on already-burdened budget
Business

Egypt debt weighs heavily on already-burdened budget

When President Hosni Mubarak resigned on 11 February, he left behind a troubled economy. One of his more potent economic…
Egypt trims 2009/10 budget deficit to 8.1 pct/GDP
Business

Egypt trims 2009/10 budget deficit to 8.1 pct/GDP

Egypt's budget deficit in the fiscal year to June 2010 was narrower than first thought at 8.1 percent of gross…
Cigarettes, cement taxes to finance LE7.8 increase in public expenditure, govt says
Business

Cigarettes, cement taxes to finance LE7.8 increase in public expenditure, govt says

The Finance Ministry has announced a plan to pay for approximately LE8.7 billion increases in public expenditure starting July.Taxes on…
Egypt backs subsidy increase, budget impact neutral
Business

Egypt backs subsidy increase, budget impact neutral

Egypt will spend an additional 32 billion Egyptian pounds on subsidies in 2010/11, but the increase will not affect the…
General strike hits indebted Greece over new cuts
World

General strike hits indebted Greece over new cuts

Athens--Clashes have broken out in Athens and the northern city of Thessaloniki, as tens of thousands of Greeks demonstrate against…
NDP official: Subsidy increase imprudent
Business

NDP official: Subsidy increase imprudent

A ruling party official warned against increasing subsidies for petroleum products because of the repercussions for the state budget deficit.…
Finance: Budget deficit at LE57.5 billion
Business

Finance: Budget deficit at LE57.5 billion

According to a Finance Ministry report issued Monday covering the first half of the 2009/2010 fiscal year, total government expenditure…
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