Latest in Tag: budget Highlight
Latest in Tag: budget
Significant changes in FY 2015/2016 budget revenues
Estimation of Suez Canal revenues similar to last year, despite completion of new Suez Canal project
Civil Service Law to increase state employees’ wages by 15%: Finance Minister
No one will be harmed by application of the civil service law, says Dimian
Egypt targets EGP 37.8bn in infrastructure investments
State budget will provide EGP 25.5bn in funds for public investments
Defined goals set in revised budget: Dimian
Government revision on budget included lower targeted budget deficit, lower spending and higher revenues
New state budget targets total deficit of EGP 251bn: Finance ministry
Total debt interest for local and foreign loans in state budget draft for FY 2015/2016 amounts to 244bn, with an increase of 25.1%, statement says
Government targets EGP 262bn loan for budget deficit in Q1 of FY 2015/2016
Ministry of Finance to issue treasury bills with EGP 189.5bn and treasury bonds with EGP 72.5bn between July and September 2015
President may return draft budget to government to reduce deficit: Former economy minister
Government is obliged to adhere to old budget until new one is approved, according to Sultan Abu Ali
5% GDP growth, 10% budget deficit, 10% inflation by FY 2016/2017: World Bank
Uncertainty still surrounds the financing of mega-projects, World Bank said
Absence of parliament threatens transparency of state budget: Report
Except for the Muslim Brotherhood parliament, state passed all budgets since revolution, says PFT
Public wage allocations increased by EGP 27.3bn
Spending on wages represents 26% of total public expenditures
Budget outlines: Short notice, ambitious goals
Budget draft revealed 12 days before beginning of new fiscal year
EGP 3.9bn increase in food commodities in new budget
Actual food commodity spending in current fiscal year exceeds announced figure in budget by EGP 2.5bn
Update: Egyptian cabinet approves budget draft for FY 2015/2016
Government targets 9.9% budget deficit, 23% increase in revenues and a 5% GDP growth
Egyptian cabinet approves budget draft for FY 2015/2016
Government targets 9.9% budget deficit and expect a 23% increase in revenues
Government collects 6% of tax value: Head of Large Taxpayer Centre
Finance minister said government collected EGP 180bn in nine months
Egypt’s IBP index rank risks fall due to budget delay: Economists
Egypt’s rank was best in 2010, but after the 25 January Revolution it declined considerably
Egypt’s Railway Authority’s 2015/2016 budget may reach EGP 12.8bn
The investment plan will be the authority’s largest and would focus on the much-needed revamping of run down facilities
Egypt seeks pivotal role in energy trade: Al-Sisi
Following 25 January Revolution, Egypt has suffered from recurring power cuts
35% expected savings in petroleum subsidies due to low oil prices: Petroleum minister
Consultations to take place with Iraq to receive Iraqi oil, negotiations will decide amount, timing, and price
EIPR calls for more budget transparency
Budget transparency defined by disclosing more information on budget and providing simple and clear data for public to understand, EIPR study says
Resumption of military aid to Egypt part of US spending bill for 2015
A new clause permits Secretary of State to bypass democratic conditions on aid
Overall budget deficit declines to 12.8% during FY 2013/2014: Finance minister
Budget deficit compensated by EGP 95.8bn oil aid, EGP 21.5m monetary aid from the Gulf
Income and capital gains tax revenues register EGP 7.8m in July, August
Budget revenues increase by 0.7% to reach EGP 34.4bn
Egypt has potential to grow, but sustainability depends on government: World Bank
Pace of growth in seven Middle Eastern countries remains “far below” the rates expected in the 2000s, the World Bank indicates
We are in a state of war, and we will win: Al-Sisi
President Abdel Fattah Al-Sisi meets with Egyptian editors, discusses economic policies and challenges facing the country
Planning ministry targets 14% investment growth, 3.2% economic growth for FY 2014/2015
Government seeks to increase investments to EGP 336.9bn, increase imports by 3.8% and offer 550,000 job opportunities
Balance of payments surges, deficit drops over 9 months: Ministry of Finance
Industrial production, debt, revenues and expenditures all saw increases
Exporters object to cut in export subsidies to EGP 2.6bn in new budget
The Ministry of Industry made an early announcement for a new programme to support exports starting in early July.
Success of government’s goals regarding budget and debt is conditional: Experts
Success depends on real growth in investments, a clear vision regarding taxation and cutting government spending
Budget deficit pushed to 10% of GDP and debt to 90% of GDP: Finance minister
Total expenditure set at EGP 789bn, revenues expected to reach EGP 549bn, EGP 207bn for wages while petroleum subsidies decrease by EGP 44bn