Latest in Tag: ministry of finance Highlight
Latest in Tag: ministry of finance
Ministry of Finance plans to issue 28 T-bill, bond offerings worth EGP 251bn in July
16 T-bill offerings worth EGP 211bn and 12 bond issuances worth EGP 40bn
Egyptian government to borrow EGP 634bn in 4Q of FY2021/22
The Ministry of Finance aims to offer 52 bill bids worth EGP 555.5bn and 35 bond bids worth EGP 78.5bn from 1 April to the end of June 2022.
Egypt’s Ministry of Finance to issue EGP 182.5bn worth T-bills, bonds in September
Ministry intends to issue 16 T-bill tenders worth EGP 126bn, 15 bond tenders worth EGP 56.5bn
950 companies benefit from 2nd phase of lump-sum payment of export subsidy dues
1,069 companies receive EGP 13.5bn in export subsidy under 1st phase of initiative
Egypt’s Public Treasury bears EGP 7.1bn of vehicle replacement financing
Door open to all banks operating in Egyptian market to participate in car replacement initiative, says Finance Minister
Logistics centres in Dekheila and Port Tawfik to open by March end: Maait
New ports of Ismailia and Safaga to open before end of June
Egypt offers international bonds worth $3.75bn in 3 tranches
Increasing demand for Egyptian international bonds represents coverage ratio of up to 4.4 times value of offering: Maait
Finance Ministry continues receiving comments on unified tax procedures regulations
Inquiries can be sent on websites of both ministry and Egyptian Tax Authority
Egypt commences offering of T-bills, bonds worth EGP 199.5bn
Total of 16 bids received for T-bills worth EGP 142.5bn, and 10 bids for bonds worth EGP 57bn
EGP 260m allocated to improve social protections: Egyptian Finance Minister
Egypt ranks first in indebtedness reduction index, says Mohamed Maait
2nd phase of lump-sum payment of export subsidy dues approved: Finance Minister
Beneficiaries can access initiative’s second phase at Finance Ministry from 7 to 28 February
New tax incentives encourage informal MSMEs to join formal economy: Finance Minister
No tax accounting for these projects for years prior to date of submitting reconciliation requests, says Mohamed Maait
Social protection allocations rise to 22.6% of public expenditures in 2020/21: Finance Minister
EGP 7bn has been allocated for treatment programme at state’s expense
Egyptian economy can recover quickly from COVID-19 repercussions: Finance Minister
Standard Chartered Bank’s latest expectations consistent with pre-pandemic estimates putting Egypt among top 10 world economies in 2030, says Mohamed Maait
Another batch worth EGP 1bn of irregular labourers’ aid underway: Finance Minister
Egypt’s Minister of Finance Mohamed Maait has said that the government will transfer EGP 1bn, on Saturday, to pay the second batch of the second phase of the country’s exceptional aid to irregular labourers. The transfer comes in implementation of the presidential directives to support the sectors and groups most affected by the repercussions of the …
14.7% increase in health expenditures during H1 of FY 2020/21: Maait
Mohamed Maait, Minister of Finance, said that the first half (H1) of fiscal year (FY) 2020/21 witnessed an increase in health sector expenditures by about 14.7%, mainly directed to finance medical requirements to combat the novel coronavirus pandemic, and increased allocations for health insurance. The minister added that these expenditures included funding to continue supporting …
Egypt records EGP 14bn in primary budget surplus during H1 of FY 2020/21
Egypt witnessed primary budget surplus of about EGP 14bn during the first half (H1) of fiscal year (FY) 2020/21, while it recorded a budget deficit fall to 3.6% of GDP compared to 4.1% during the same period of FY 2019/20, according the Ministry of Finance.
Egypt to link ports to customs one-stop-shop platform by June end
Customs brokers authorisations approved by banks are valid for 1 month, or until new customs bylaws issued, says Customs Authority representative
Government capable of meeting market needs for coins: Finance Ministry
Over EGP 1m in coins are produced per day, EGP 30m delivered every month
Private sector to play bigger role in development process: Finance Minister
World Bank expects 2.7% economic growth in Egypt with global trend to provide vaccine against COVID-19
Egypt looks forward to maximising US investment activities: Finance Minister
Egypt’s Minister of Finance Mohamed Maait has expressed the Egyptian government’s aspiration to maximise the investment activities of US companies in the country.
Government improves public workers’ wages in 2020 despite COVID-19: Finance Minister
Mohamed Maait, Minister of Finance, said that the government, despite the challenges imposed by the novel coronavirus (COVID-19) crisis, fulfilled its obligations to add the periodic bonus for public workers subject to the Civil Service Law.
Egypt’s e-government receipts increase up to EGP 4bn monthly during COVID-19
Egypt’s e-government receipts jumped in 2020, from EGP 1bn to EGP 4bn per month following the outbreak of the novel coronavirus (COVID-19) pandemic. The significant jump reflected an annual growth of 250%, highlighting strength of the country’s electronic payment (e-payment) and collection system, according to Minister of Finance Mohamed Maait. Maait said that the executive …
Finance Ministry extends real estate tax returns submission until March 2021
Egypt’s Minister of Finance Mohamed Maait has agreed to extend the submissions period for real estate tax returns nationwide until the end of next March.
Egypt, Sudan discuss boosting transit trade: Finance Minister
Egypt’s Minister of Finance Mohamed Maait has reviewed the results of recent joint meetings to discuss reinforcing transit trade for Sudanese goods through Egyptian ports.
Companies unregistered on e-invoicing system to be excluded from Large Taxpayer Center
Exporters will not be able to benefit from state’s export subsidies as of 1 July 2021, except after joining e-invoicing system
Finance Ministry urges taxpayers to promptly settle tax disputes before year-end
Vice Minister of Finance for Appeal Committees and the Dispute Resolution Committees, Hesham El-Hamawy, called on taxpayers who have tax disputes with the Egyptian Tax Authority, to promptly submit requests to end the disagreement. El-Hamawy said that the deadline for accepting tax dispute settlement requests will extend to 31 December. He confirmed that Law No. …
Egypt directs EGP 6bn in urgent commodity, service finances in July: Maait
The finance aims to enable public entities to fulfil their commodity and service obligations towards citizens
Companies entitled for export subsidies should submit tax certificates before end June: Finance Ministry
Ministry to start disbursing export subsidies for small companies without tax clearance certificates
Nine global alliances aim to invest in dry port projects this year: Ministry of Finance official
Launching three new ports for investors before end of year, starting 10th of Ramadan port in May