Latest in Tag: deficit Highlight
Latest in Tag: deficit
Saudi Arabia announces 2021 state budget with deficit of over $37bn
A royal decree approved by cabinet on Tuesday estimated revenues at 849bn riyals and expenditures at 990bn riyals, the Saudi Press Agency reported
Economic professors, experts criticise governmentâs reform programme
IMF loan will not encourage Egyptian economy, says former finance minister
Egyptâs fiscal position remains unstable: Moodyâs
The current account deficit reached $14.5bn, up from $8.3bn the previous 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
Trade balance deficit increases by 38.8% YoY in July: CAPMAS
Egypt’s trade balance continues to face a deficit, despite the state announcements on attempts to counter this recurring problem
Ministry of Antiquities operating with 90% loss of funds
Lack of funds is stalling key restoration and construction work
Draft budget shows slower fiscal improvement than projected: Moodyâs
Rating agency Moodyâs expects that lower oil prices in FY 2014/2015 will reduce fuel expenses to around EGP 70bn compared to EGP 100bn in the original budget
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
Budget outlines: Short notice, ambitious goals
Budget draft revealed 12 days before beginning of new fiscal year
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
January trade deficit down by 20.7% year-on-year
Imports stood at EGP 31.47bn during January, 21.2% less than the EGP 39.97bn recorded a year earlier, according to CAPMAS
Government target 4.2% growth rate for current fiscal year: Salman
Target for foreign investments for FY 2014/2015 is $8bn, says investment minister
1,300 MW addition to electricity grid in August may not end power outages: Energy expert
Energy expert Mohamed El-Sobky says if natural gas supplies to power stations do not increase, power outages will continue
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
Petroleum price hikes spark widespread outcry
âThugsâ forcing fuel stations to sell at old price yet police are unresponsive, petrol station manager
Continued energy deficit amounts to 15m cubic metres daily: EGAS official
70% of Egypt’s gas production pumped to power stations through Ramadan, senior official says
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
Budget deficit down to 10%, state budget approved by the president
Total expenditure set at EGP 789bn while revenues expected to reach EGP 549bn
Budget under review, hearing to be held Wednesday: PM media adviser
Cabinet to hold weekly meeting Wednesday, Prime Minister to hear ministersâ proposals on budget development
Fiscal deficit to remain in double digits, inflation unlikely to rise: CitiBank
Economy remains weak with consumption under pressure and investment affected, the report stated
Reforms will help curb budget deficit: Mehleb
Outgoing Prime Minister Ibrahim Mehleb said the government has presented a âboldâ budget for the coming fiscal year which will overhaul the energy subsidy system
1H FY 2013/2014 BOP registers $2bn surplus
The current account balance came in at $755.8m, down from $757m registered during 1Q FY 2013/2014
Egypt may receive an additional $6bn from Gulf countries: Dcode
Economic and financial consulting firm Dcode estimates that Egypt will receive additional $5.5bn-$6bn during the 2014 calendar year
Balance of payments jump to $3.7bn
Significant rise in the account surplus is lessened by dramatic fall in the service surplus
Egypt current account hits surplus in first quarter
Reuters – Egypt’s current account recorded a surplus of $757 million between July and September, compared with a deficit of $1.26 billion in the same period last year, the central bank said on Thursday. Foreign direct investment in Egypt rose to $1.246 billion in the same period compared with $1.164 billion a year earlier.
Budget deficit ratio stabilises at 2.9% of GDP, domestic debt surges to 73.5% of GDP: MOF
Ministry of Finance says GDP grew by 2.1% to EGP 1608.6bn during the past fiscal year
Central Bank economically reflects on Egyptâs BOP
Central Bank of Egypt: current account deficit retreated by 45% to reach $ 5.6bn from $10bn
Finance ministry hopes to cut budget deficit to 10% after minimum income implementation
The new law will cost the Treasury upwards of EGP20bn.