Latest in Tag: Minister of Finance Amr El-Garhy Highlight
Latest in Tag: Minister of Finance Amr El-Garhy
Petroleum Ministry to repay part of its dues to foreign partners in May
The ministry will complete the repayment of its dues after receiving the third tranche of the World Bank and AFDB loans, sources said
Does Egypt’s economic targets line up with its economic reality?
Minister of Finance Amr El-Garhy had said on Sunday that the ministry has set three goals for the country’s budget in the fiscal year (FY) 2017/2018. According to him, the ministry plans to focus on sustainable development, by raising the GDP by 5%, reducing unemployment to 11%, and cutting the national debt to 94% of …
Ministry of Finance approves final calculation of 2015/2016 public budget with total deficit of 12.2%
Minister of Finance Amr El-Garhy approved the final calculation of the public budget for the fiscal year (FY) of 2015/2016 with a total deficit of 12.2% or EGP 339.5bn, compared to 11.5% in FY 2014/2015. According to the ministry’s statement on Tuesday, public revenues increased by 5.6% to register EGP 491.5bn owing to a boost in tax revenues, as compared to EGP 465.2bn for …
Increased spending on education, health reprioritises public spending: Minister of Finance
The state is committed to social justice and social security programmes by expanding the Karama and Takaful programmes, says El-Garhy