budget
Agriculture Ministry to officially object to budget reduction
Egypt
August 3, 2015
Agriculture Ministry to officially object to budget reduction
The economic affairs sector affiliated to the Agriculture Ministry, as well as other related research centers, are preparing an official…
Finance ministry: Egypt revises draft 2015/16 budget to cut deficit to 8.9 % of GDP
Business
July 1, 2015
Finance ministry: Egypt revises draft 2015/16 budget to cut deficit to 8.9 % of GDP
Egypt amended again a draft budget for the 2015/2016 fiscal year and has cut the projected deficit to 8.9 percent…
Washington: Egypt’s fiscal transparency not up to par
Egypt
June 14, 2015
Washington: Egypt’s fiscal transparency not up to par
A US State Department report has said that Egypt failed to make progress in the area of fiscal transparency, which…
IMF estimates Egypt’s budget deficit to reach 11% of GDP in 2014/15
Business
November 26, 2014
IMF estimates Egypt’s budget deficit to reach 11% of GDP in 2014/15
The International Monetary Fund (IMF) estimates that Egypt's budget deficit will reach about 11 percent of GDP in 2014/15, as…
Ministry: Egypt’s budget deficit widens in 1st quarter of 2014/15
Business
November 11, 2014
Ministry: Egypt’s budget deficit widens in 1st quarter of 2014/15
Egypt’s overall budget deficit widened to LE65.8 billion in the first quarter of fiscal year 2014/15 from LE59.9 billion a…
Finance Minister: Recent economic reforms solely Egypt’s decision
Business
October 2, 2014
Finance Minister: Recent economic reforms solely Egypt’s decision
Minister of Finance Hany Qadry Damian has admitted to Egypt’s absence from the world transparency rankings over the last three…
Official: New budget likely to be approved Sunday
Egypt
June 29, 2014
Official: New budget likely to be approved Sunday
Prime Minister Ibrahim Mehleb submitted the new draft budget to President Abdel Fattah al-Sisi on Sunday. Sisi had rejected an earlier…
Cabinet seeks approval of draft budget from interim president
Business
May 26, 2014
Cabinet seeks approval of draft budget from interim president
Egypt's cabinet referred the draft budget for the 2014-2015 fiscal year to President Adly Mansour for approval. Egypt's fiscal year begins…
Minister: Govt to reduce energy subsidies before FY2014/2015
Business
April 2, 2014
Minister: Govt to reduce energy subsidies before FY2014/2015
Minister of Planning and International Corporation Ashraf al-Araby announced that the government is aiming to reduce energy subsidies before FY2014/2015,…
Official: Size of second stimulus to be determined
Business
January 6, 2014
Official: Size of second stimulus to be determined
Momtaz al-Saeed, a member of the National Investment Bank, affirmed that the value of the second stimulus package has yet…