Draft 2020-2021 budget sets oil price at $61per barrel
State employees’ wages to increase by 11.3%: Finance Minister
President Al-Sisi orders wage increase for public workers in 2020/21 budget
Periodic bonus of 7% for civil servants, 12% of basic salary for…
Egypt’s budget deficit rose to 2.1% of GDP in Q1 of current FY:MOF
The report attributed this slight increase in the budget’s deficit to the…
Egypt to apply participatory budgeting in FY 2020/21: Finance Ministry official
The results of the Citizen Budget initiative encouraged introducing the participatory budgeting,…
Egypt’s primary budget surplus registers EGP1bn in July: MOF
NIR increased to $45 bn in August 2019 covering 8 months of…
Recent interest rate cuts save EGP 20-25bn in state budget: Finance Ministry
Interest cuts will not affect attractiveness of government debt instruments, says Kouchouk
Bank financing’s contribution to budget deficit declines in 2Q19: CBE
Investors' shift from T-Bills to T-Bonds reflects positive change in their macroeconomic…
Government hedges against oil price increase at under $70 per barrel
Renewal of hedging contracts every 3 months with review of oil value…
Egypt’s GDP grows 5.6%, budget deficit registers 8.2% in FY 2018/19
The ongoing fiscal reforms managed to reduce the budget deficit to 8.2%…
EGPC forecasted net profit fell to EGP 21.4bn in FY 2019/20, down 30%
Profit targets were set based on minimum oil, gas production, say sources