state budget

Egypt’s budget 2017/2018 exceeds one trillion pounds
Egypt

Egypt’s budget 2017/2018 exceeds one trillion pounds

Egypt’s Finance Ministry completed the drafting of the state budget for the next fiscal year 2018/2017, amid extreme secrecy about…
Govt to reduce staffing levels to ease strain in budget
Business

Govt to reduce staffing levels to ease strain in budget

Mohamed Meit, Assistant Minister of Finance for the treasury, has announced government plans to streamline employment within the state administrative…
Egypt’s 2015/16 petroleum subsidy spending down 23 percent
Business

Egypt’s 2015/16 petroleum subsidy spending down 23 percent

Egypt's spending on petroleum subsidies fell by 23 percent in 2015/16 to 55 billion Egyptian pounds ($6.27 billion), Tarek al-Hadidi,…
Cabinet approves 2016-17 draft budget targeting 5-6% GDP growth
Business

Cabinet approves 2016-17 draft budget targeting 5-6% GDP growth

Egypt's government approved on Wednesday a draft state budget for 2016-17, targeting economic growth of 5-6 percent versus 4.4 percent…
Sisi approves 2015/2016 state budget
Egypt

Sisi approves 2015/2016 state budget

President Abdel Fattah El Sisi approved on Thursday the state budget for 2015/2016 fiscal year after introducing some amendments meant…
President Sisi to review state budget
Egypt

President Sisi to review state budget

Finance Ministry spokesperson Ayman al-Kaffas said the ministry is sending the state budget for the next fiscal year to President…
Al-Sisi: New Suez canal inauguration should not add any burden on state budget
Egypt

Al-Sisi: New Suez canal inauguration should not add any burden on state budget

The New Suez Canal inauguration ceremony should not add any extra burden on state budget. The remark was made by President…
Sisi requests budget deficit decreased by LE40 billion for 2015/16
Business

Sisi requests budget deficit decreased by LE40 billion for 2015/16

President Abdel Fattah al-Sisi is reviewing the budget for the 2015/16 fiscal year and has requested the deficit be reduced by…
Doctors Syndicate calls on Cabinet to raise health spending to 3% of state budget
Egypt

Doctors Syndicate calls on Cabinet to raise health spending to 3% of state budget

The Doctors Syndicate called for increasing the allocated budget for health in next year’s state budget up to 3 percent,…
Sources: Mehleb instructed state bodies to reduce expenditures
Business

Sources: Mehleb instructed state bodies to reduce expenditures

Prime Minister Ibrahim Mehleb has instructed all government bodies and ministries to reduce expenditures starting July as part of the…
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