public debt

Egypt’s public debts rise fivefold over past five years
Economy

Egypt’s public debts rise fivefold over past five years

Minister of Finance Amr al-Garhi stated on Sunday that the Egyptian government is working on a medium-term plan to cut…
Draft budget expects 5.8% growth rate, decreased budget deficit
Economy

Draft budget expects 5.8% growth rate, decreased budget deficit

Prime Minister Sherif Ismail received on Wednesday the draft budget for the 2018/19 fiscal year, and said in a Cabinet…
Egypt aims at 5.8% GDP growth in 2018/19 budget
Economy

Egypt aims at 5.8% GDP growth in 2018/19 budget

Egypt’s cabinet approved this week the state’s budget for the 2018/2019 fiscal year, which aims to reach a GDP growth target…
Prime minister holds press conference on fuel prices hike
Egypt

Prime minister holds press conference on fuel prices hike

The government raised the prices of all types of gasoline, natural gas and automotive gas starting Thursday morning, Prime Minister…
Domestic public debt rises to LE3 trillion: CBE
Business

Domestic public debt rises to LE3 trillion: CBE

The total domestic public debt has risen to LE3.079 trillion in the period from July to March of the fiscal year…
Only foreign investment can reduce the burden of public debt: Boutros Ghaly
Business

Only foreign investment can reduce the burden of public debt: Boutros Ghaly

Only foreign investment can reduce the burden of public debt because Egyptian investment will not be able to raise growth…
IMF bailout for Egypt seeks major reduction in public debt
Business

IMF bailout for Egypt seeks major reduction in public debt

The International Monetary Fund said on Friday that its $12 billion bailout program for Egypt aims to reduce the country's…
After IMF deal, Egypt’s Sisi says will not hesitate on tough reforms
Egypt

After IMF deal, Egypt’s Sisi says will not hesitate on tough reforms

Egyptian President Abdel Fattah al-Sisi said on Saturday he was committed to pushing through the reforms necessary to turn the…
Central Bank: Egypt’s budget deficit shrinks to 12.4% of GDP in 2013/2014
Business

Central Bank: Egypt’s budget deficit shrinks to 12.4% of GDP in 2013/2014

Egypt’s overall budget deficit fell to LE253.7 billion or 12.4 percent of GDP in the fiscal year of 2013/2014, from…
Experts warn against growing public debt
Business

Experts warn against growing public debt

Several economic experts have warned against surpassing the safe limits of the accumulated interest on public debt. The local and foreign…
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