Latest in Tag: budget Highlight
Latest in Tag: budget
Egypt’s budget deficit rose to EGP 218.1bn during 7M current FY: Finance Ministry
Budget deficit increased 11.3% y-o-y during first seven months of FY 2017/2018
Economic bodies to cost state EGP 20bn in bonuses in next FY budget: economic committee member
The economic affairs committee of parliament plans to complete an aggregated report on the state’s economic bodies in the draft budget for the next fiscal year, to be submitted to the planning and budget committee. Member of parliament (MP) Mohamed Saad Badrawy said that the committee has many reservations regarding the work of economic bodies …
We may resort to raising allocations in draft budget to address hike in oil prices: planning committee
Hikes threaten target deficit, says Omar
Planning, budget committee demands increasing social security allocations for low-income families: MP
Programme would benefit 3.8m families
Parliament to discuss 2018/2019 draft budget next week: MP
Planning and budget committee to hold meetings with Finance Ministry officials
Egypt’s ambitious budget signifies further stable economic conditions
A slew of IPOs likely to boost country’s revenues, decrease deficit
New budget suggestions in line with local expectations, differ from latest IMF view: experts
26% reduction in petroleum subsidies, energy price increase in line with our expectations, Beltone Financial says
Egypt targets 4% deficit by 2022: El-Garhy
Egypt’s Minister of Finance Amr El-Garhy said that his ministry aims to reduce the budget deficit to 4% by 2022, while continuing the economic reform programme, according to state-owned Middle East News Agency. El-Garhy’s statement came on the sidelines of the launch event of the “system of tax returns, discount, and collection, with the activation …
Egypt to complete electronic state budget system within days: El-Garhy
Egyptian-French cooperation to implement new health insurance law, says minister of finance
Press Syndicate discusses 2017 budget
This comes ahead of general assembly meeting of board scheduled for Friday
Parliament discusses additional appropriations for general budget final account for FY 2016/2017
Additional appropriations allocated for oil derivatives at about EGP 61bn of total additional appropriations at EGP 105bn
Ministries of Housing, Transport submit Q1 2017/18 budget to parliament, reflecting performance indicators, programmes: Nabil
Subcommittee making great efforts with ministries to apply indicators
Government intends to borrow EGP 415bn in Q1 2018 to bridge budget deficit
Government offers bids for T-bills, bonds worth EGP 152.75bn in January, EGP 132.5bn in February, EGP 129.75bn in March
TE approves 2018 budget, targets high single digit in revenue growth
The company aims to achieve 30% capital expenditure to sales ratio
Budget deficit records 2% in Q1 FY 2017/2018
The total deficit of the Egyptian public budget during the first quarter (Q1) of the current fiscal year (FY) dropped to 2% of the GDP, reaching EGP 85.3bn, down 2.2% from EGP 76.8bn in the same period of the previous FY, according to the Ministry of Finance. According to the ministry, the deficit declined due …
Government needs to think how to capture spending outside budget: David Cowan
Africa had registered the lowest growth rate since 1994 in 2016 because of the mess in the 3 big economies, Egypt, Nigeria and South Africa
6 ministries to be reviewed by committee during current FY: Silvia Nabil
The ministries are: transport, communications, housing, new urban communities, telecommunications, information technology, social solidarity, education, higher education, and scientific research
Parliament awaits government’s request to add additional budget allocations
In addition to the fluctuations of oil prices in international markets and the increase in the share of individuals enrolled in ration cards; the government’s decision to liberalize the pound exchange rate at the beginning of November last year also contributed to the increase in the cost of goods imported from abroad
We aim to reduce the budget deficit to 4% by 2022: Finance Minister
Foreign exchange shortage has ended for every, said Amr El Garhy
Egypt budget deficit to hit 8.8% of GDP in FY 2017/18: World Bank
A recent report issued by the world bank has expected Egypt’s budget deficit to stand at 8.8 percent of GDP by the end of the current fiscal year The improvement in the budget deficit was attributed by the bank to the reforms made in the energy subsidies system and the hike in tax revenues. In …
Finance Ministry completes linking public budget to treasury account in November
GFMIS system for all public budget bodies will be completed by the end of March 2018
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 the past fiscal year (FY), which ended in 30 June, and the annual economic growth rate increased to 4.1%, which is above the expected rate,” said Alaa Youssef, the presidential spokesperson. Youssef said that the real GDP growth for different sectors rose this …
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
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 21.5bn from July until the end of September 2017
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 by EGP 1.5bn, while health insurance hospitals’ allocations will be increased by EGP 9bn
Increase in stamp and tax collections in next budget: government source
Recent increases reduce the budget deficit and contribute to the control of debt, but increase pressure on citizens, Hani Tawfek
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 to protect those with low income: plan head
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 EGP 40m for debt benefits
Egypt’s budget ambitious with broad challenges
Despite the reforms, EGP 370bn will be added to the public debt in the new fiscal year
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 plant: Fouda