Latest in Tag: finance ministry Highlight
Latest in Tag: finance ministry
Treasury bond balance increases by EGP 5.5bn at end of June: Finance Ministry
Repayment of Qatari bonds reduced the size of US dollar bonds owed by the government to $6.5bn
Banks acquire 77.87% of Finance Ministry’s treasury bills by end of March
Banks’ investments in bills amount to EGP 471.358bn at the end of Q1/2016
Treasury bond balance increases by EGP 2.02bn at end of May: Finance Ministry
These bonds were put forward from 12 February 2008 until 26 April 2016. The interest rate on these bonds ranges between 9.15% and 17%.
Council to coordinate between CBE, Finance Ministry to legalise informal sector
Bylaws to govern the agricultural SEs to be issued within days
EGP 9.2bn in urgent funds approved to improve public services: Finance Ministry
Ministry of Finance allocates EGP 223m to the Ministry of Petroleum to pay EGAS’ dues for delivering natural gas to homes, says first deputy finance minister
Finance Ministry forms committee to combat corruption
The committee will further provide necessary recommendations to the Minister of Finance as to the mechanism that should be implimented to be compatible with the national strategy to prevent corruption
E-Finance collects EGP 11.5bn for Finance Ministry in January: Chairman
Electronically collected tax last year amounted to EGP 37bn
Outstanding balance of treasury bonds at EGP 685.81bn by December 2015: Finance Ministry
The ministry said in a recent report exclusively published by Daily News Egypt that there are two types of bonds in Egyptian pounds
As dialogue for VAT continues, details remain vague
Finance Ministry refuses to disclose tax price, bases its refusal on fear of market fluctuations
Finance Ministry denies discrepancies in FY 2014/2015 posted budget
Ministry issued a similar statement in December 2013 regarding accusation of EGP 400bn embezzlement
EGP 3.5bn in urgent funds to improve public services: Finance ministry
Ministry of Finance dedicates EGP 100m for facilitating industrial zones in different governorates
2.5m salary payment cards issued to government employees: Finance ministry
Government, economic and service bodies are to use electronic payment system: Dimian
Finance ministry allocates EGP 3.9bn for 5 sectors
Most of the allocations are to help sectors pay salaries for employees
EGP 597bn total local outstanding treasury bonds balances by June: Finance Ministry
$5.75bn in bonds were launched in international markets from September 2005 to 11 June 2015
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
EGP 500m extra subsidy for supply commodities in Ramadan: Finance ministry
EGP 5bn to agricultural credit and supply commodities to finance purchasing local wheat, says budget director
Finance ministry reconsiders tax increase on beans and falafel
Beans consumption amounted to EGP 1.8bn during Ramadan alone, there are over 2m bean carts in Egypt, says NCFPMAC
Petroleum Ministry owes EGP 100bn to Finance Ministry
Petroleum agreements add interest rate on dues of government’s partners
Finance Ministry provides EGP 136m for energy-saving lighting to decrease road accidents: Dimian
Dimian said the EGP 136m price tag represent 25% of the value of the project’s first phase, which aims to supply and install 1m devices. The project is set to reach approximately 3.98m devices with the completion of the six-phase project.
Finance Ministry to propose 8 projects worth EGP 10bn in partnership with private sector: Dimian
Private sector implementation of project will increase economic growth rate the next period
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
Tourism ministry aims to increase profits to $10.5bn by FY 2014/2015 end
Ministry of Finance raises allocations to TAA to participate in 21 tourism exhibitions across the world
12.5% deficit in FY 2013/2014 budget, financing gap valued at EGP 10-11bn: Finance minister
CBE’s temporary ‘financial’ account is strategic reserve and will not be used to solve budget deficit
90% of energy subsidies to be lifted within 3 years: Finance minister
IMF assessment of Egypt’s economy still due before the economic summit, with goal to restore international market confidence, says Dimian
Suez Canal investment certificates announced Monday: Finance ministry official
The official expected the certificates to collect between EGP 30bn and EGP 40bn
Finance Ministry expects EGP11bn from special funds and accounts for FY 2014/2015: Ministry official
Annual profit deduction of 10% compared to last year’s 20%, to strengthen involvement of governorates in development projects
Returns on treasury bills rise, negative impact on economic growth expected
Prices jumped 1% for returns on treasury bills in the hours after central bank raised the interest rates by same amount
No increases in cigarettes selling prices: Head of Egyptian Tax Authority
Minister of Finance had earlier announced new selling prices
Government sells $1.07bn in one-year dollar-denominated T-bills
Reuters – The Egyptian government accepted bids for $1.07bn worth of one-year dollar-denominated treasury bills at an auction on Sunday with an average yield of 2.593%, the Central Bank of Egypt said. The total bids amounted to $1.380bn. The Ministry of Finance had set the issue size at $1bn. The minimum yield was 2.54% and …
Finance ministry hopes to cut budget deficit to 10% after minimum income implementation
The new law will cost the Treasury upwards of EGP20bn.