Government records EGP 240bn budget deficit in last fiscal year
59% of increases for government expenditures are for subsidies and debt settlements
EGP 4bn in contractor dues to be repaid by government in coming weeks: Finance minister
Poverty rates have increased from 20% to 25%.
Finance Minister meets with various youth groups
These statements came during a press conference on Sunday night with a…
Government to rely on grants to reduce deficit
Ahmed Galal : interim government is not here to watch things happening
Finance ministry to assess economic damage due to violence
Recent security unrest has resulted in the destruction of several state properties…
Finance minister: Laws and regulations governing Islamic Bonds set to continue
Galal said the subject has so far received more attention than necessary…
Finance minister promises no new taxes
Galal announced that no property taxes or income taxes would be modified…
It’s not just austerity vs stimulus for Egypt
By Farah Halime - Rebel Economy The government’s tactic to avoid major austerity…
Finance ministry discharges Brotherhood advisers
Minister dismisses 15 advisors for having connection with Muslim Brotherhood
