Tag: budget

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…

Hossam Mounir Hossam Mounir

Government hedges against oil price increase at under $70 per barrel

Renewal of hedging contracts every 3 months with review of oil value…

Mohamed Adel Mohamed Adel

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%…

Daily News Egypt Daily News Egypt

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

Abdel Razek Al-Shuwekhi Abdel Razek Al-Shuwekhi

Initial surplus in Egypt’s budget EGP 58.2bn in 11 months: Ministry of Finance 

Meanwhile, Egypt achieved an initial surplus of only EGP 1.9bn during the…

Nehal Samir Nehal Samir

Misr Insurance Holding Company approves 2019/20 draft budget

Target revenues of EGP 20.4bn, up by 21.5%, net profit at EGP…

Daily News Egypt Daily News Egypt

Parliament approves Egypt’s largest-ever budget of EGP 1.6tn for FY20

EGP 326.8bn for health and education, EGP 301bn for wages, EGP 149bn…

Mohamed Samir Mohamed Samir

Egypt’s budget deficit drops to 5.6% in 10M of FY 2018/19

According to the financial report, the overall deficit declined as a result…

Daily News Egypt Daily News Egypt

Government plans to offer treasury T-Bonds, T-Bills worth EGP 146.5bn in June

Finance Ministry borrowed about EGP 184bn in T-Bills, T-bonds in April, about…

Hossam Mounir Hossam Mounir

Tarek Shawky urges ministry of finance to increase education reform’s budget

We only received EGP 99bn, despite requesting EGP 138 bn, said Shawky

Daily News Egypt Daily News Egypt