Tag: budget

Finance Ministry completes linking public budget to treasury account in November

GFMIS system for all public budget bodies will be completed by the…

Daily News Egypt Daily News Egypt

Egypt’s budget deficit drops 1.6% in FY 2016/17

“Egypt`s budget deficit dropped to 10.9% of GDP instead of 12.5% during…

Nihal Mounir Nihal Mounir

Parliament approves FY 2017/18 budget, implementing it pending president’s approval

Expected deficit at 9.1%, economic growth at 4.6% to adjust government finances

Mohamed Ayyad Mohamed Ayyad

The government aims at borrowing EGP 371bn to fund budget deficit during Q1 of new FY 

Ministry of Finance offers T-bills worth EGP 349.5bn and bonds worth EGP…

Hossam Mounir Hossam Mounir

Planning and Budget Committee to submit FY 2017-18 budget report to parliament’s secretariat 

The government will increase education allocations by EGP 20bn and higher education…

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

Increase in stamp and tax collections in next budget: government source

Recent increases reduce the budget deficit and contribute to the control of…

Mohamed Ayyad Mohamed Ayyad

Parliament starts discussing amendments of the state resources development fees law on Monday

The project was passed to the committee since April and was delayed…

Wages account for 55% of health financial allocations in next budget

The allocations include EGP 10.3bn for investments, EGP 4.1bn for subsidies, and…

Mostafa Fahmy Mostafa Fahmy

Egypt’s budget ambitious with broad challenges

Despite the reforms, EGP 370bn will be added to the public debt…

Mohamed Ayyad Mohamed Ayyad

Central Egypt Electricity’s allocations amount to EGP 600m for FY 2017/2018

The company considers a request to construct a 12 MW solar power…

Mohamed Farag Mohamed Farag