Morsi’s adviser says “IMF responsible” for loan delay
IMF held up by lack of signs of political consensus over the $4.8bn
Latest in Tag: tax hikes Highlight
Latest in Tag: tax hikes
Egypt’s budget deficit estimated to hit EGP 197.5bn by end of June
Last year, the budget deficit reached EGP 134.996bn.
Kerry urges Morsi to make progress on economic reforms
Reform measures hampered by unrest and lack of political support for plans
IMF: Inflation in Egypt expected to rise by 10.9% this year
The International Monetary Fund also projects the country’s budget deficit to shrink to 8.7% in 2014
Al-Saeed: Tax reforms are part of a programme to overcome the current crisis
Changes in the tax code had been approved after the ministry had consulted with various business organizations, according to the minister of finance
IMF deal approval delayed
The International Monetary Fund said that Egypt had asked to delay its request for a $4.8 billion loan agreed in November as violent protests mount in Cairo ahead of a referendum on the constitution