Latest in Tag: budget Highlight
Latest in Tag: budget
National Defence Council discusses Armed Forces’ 2016/17 budget
Al-Sisi headed the meeting in which an array of topics was discussed including terrorism in Sinai
Planning and Budget Committee receives committee reports on budget
El-Garhy and El-Araby meeting to increase budget allocations to three ministries by 10%, according to sources
Egyptian government bets on alcohol, cigarette tax to fill budget deficit
Goods and services tax constitutes 46.5% of total tax revenues
Egypt’s budget: optimistic aspirations and a difficult reality
The government hopes to reduce the budget deficit to 9.8% and control public debt by raising revenue and reducing expenses.
Head of IMF Mission to Egypt urges for measures to reduce budget deficit
External debt is within safe limits and can be managed, but local debt is worrying, Jarvis says
Parliament to begin initial discussion sessions for state budget next week
Special committees to be formed upon Al-Sisi’s approval of the bylaw in preparation for discussions
Cabinet sends FY 2016/17 budget to Al-Sisi for approval
Minister of Finance expects 9.9% state budget deficit, 5.2% economic growth
No fresh borrowing in the years ahead?
German Finance Minister Wolfgang Schäuble is confident that Europe’s powerhouse can fare without fresh borrowing up to 2020. Higher labor market spending is to be offset by steadily rising tax revenue.
Budget deficit 9.9% of GDP according to draft budget
Estimated tax revenue amounts to EGP 444.4bn, with growth rate of 5% compared to current fiscal year
Next fiscal year’s budget returned to government by parliament after partial floating of pound
Finance Ministry targets a deficit of 10.5% for the next fiscal year, compared to a target of 8.9% for this year; CBE’s decision will aggravate the deficit to 11.5%
CBE devalues EGP amid concerns over inflation and budget deficit increase
The decision is expected to have far-reaching repercussions on the deficit and inflation of the state budget
Ministry of Finance impugns validity of leaked budget
We do not target specific dollar exchange value in new budget, says Minister of Finance
Another round of high inflation anticipated following new custom tariffs
Government custom revenues recorded 8.7% of total value of imports in first five months of FY 2015/2016
In Cartoon: Government’s Budget
Budget deficit will be above government expectations: Fitch Ratings
Mega projects were a catalyst for some private sector investments and helped lift business confidence in Egypt, says Fitch Senior Director
Finance Ministry denies discrepancies in FY 2014/2015 posted budget
Ministry issued a similar statement in December 2013 regarding accusation of EGP 400bn embezzlement
4.5% increase in economic growth rate for FY 2014/2015
Government sets ambitious goal for economic growth to reach 5%-5.5% in upcoming fiscal year
Government eyes 9.5% budget deficit, 5.5% economic growth
FY 2016/2017 draft budget will be the first discussed by parliament in five years
German auditors warn of risks to balanced budget
A German financial watchdog has warned the German government’s preoccupation with balanced annual federal budgets covers up a number of underlying risks. They point to grave structural discrepancies. According to a fresh analysis by Germany’s Supreme Audit Institution, huge financial risks hide behind the shining facade of the government’s 2016 draft budget, which once again …
Egypt ranked in high risk category for corruption in defence, security sectors
Detailed defence budgets on global scale not made public, only aggregated numbers are published, says military source
Final general budget account proposedto president with 11.5% deficit
Energy subsidy falls to EGP 52.3bn, grants reduced by EGP 70bn, says Minister of Finance
Increase in air tickets prices adds EGP 330m to budget: Tax Authority Head
Hiking transport prices reduces budget deficit, Mattar says
Ministry of Antiquities operating with 90% loss of funds
Lack of funds is stalling key restoration and construction work
IMF visit to take place despite cabinet changes
The delegation will visit Egypt mid-September
Egypt hikes 3 points in Open Budget Index
Egypt scores 16 in 2015 index and 13 in 2012 index
EGP 10bn sovereign fund ready for investment in H2 of FY 2015/2016: Planning minister
Egypt will sign agreement with Saudi Fund for Development to provide fuel and natural gas credit facilities, says El-Araby
Al-Sisi imposes new temporary tax on income
Presidential decree stipulates imposing 10% tax on companies and individual revenues
Finance ministry issues 2 treasury bonds to finance pensions
Value of treasury bonds is EGP 14.1bn
Report: Lufthansa planning ‘budget’ pricing system
Lufthansa is planning a new pricing system to meet challenges from low-budget competitors, a German paper has reported. Meager earnings have spurred the shakeup at Germany's classic airline. Lufthansa's ticket chief Jens Bischof was quoted in the "Süddeutsche Zeitung" newspaper saying that passengers would only pay for what they used, unlike the all-round service that the airline has offered since…
Moody’s stable outlook for banks followed positive performance: Banking expert
Ratings agency Moody’s upgrades banking sector outlook from negative to stable