Business
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Economy
5/9/2023 3:16:58 PM
Egypt’s government has increased its budget deficit estimate to 6.9 percent of GDP for the fiscal year (FY) 2023/2024, which starts on 1 July, compared to an earlier estimate of 6.3 percent, Minister of Finance Mohamed Maait stated in front of the House of Representatives on Tuesday.
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Business
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Economy
5/8/2023 8:52:45 PM
The White House and Congress could strike a deal to raise the debt ceiling in exchange for budget cuts. Or they could agree to a stopgap measure to keep paying the nation’s bills while negotiations continue. They also could let the negotiations unravel, sending the economy into a chaos.
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Egypt
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Politics
5/8/2023 6:25:25 PM
Egypt’s Finance Minister Mohamed Maait and Planning and Economic Development Minister Hala El-Said will deliver Tuesday two statements in parliament on the draft FY 2023/24 budget and socioeconomic development plan.
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Al-Ahram Weekly
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Egypt
5/2/2023 11:09:39 PM
The government is increasing social security spending in order to provide greater support for Egyptian families, reports Nahla Abul-Ezz
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Business
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Economy
4/27/2023 8:28:56 PM
The Central Bank of Egypt (CBE) auctioned on Thursday treasury bills (T-bills) worth EGP 39.5 billion ($1.28 billion) on Thursday, divided into two issues, to fund the budget deficit.
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Al-Ahram Weekly
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Egypt
4/25/2023 7:41:34 PM
Deputy Chair of parliament’s Budget Committee Mustafa Salem explains the main features of Egypt’s 2023-24 budget to Nahla Abul-Ezz
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Business
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Economy
4/23/2023 8:43:27 PM
President Abdel-Fattah El-Sisi has ordered an almost 50 percent increase in appropriations for various subsidy and social protection programs in the budget for FY2023/2024 in order "to ease the burden on citizens during the global inflation wave."
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Al-Ahram Weekly
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Egypt
4/19/2023 12:16:00 AM
Are the new high-yield certificates of deposit sufficient for people to preserve the value of their savings against a background of high inflation, asks Safeya Mounir
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Sports
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World
4/14/2023 3:08:46 PM
Jurgen Klopp admits Liverpool cannot blow their transfer budget on glamorous "Ferrari" signings, with the Reds apparently priced out of the race for Borussia Dortmund star Jude Bellingham.
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Business
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Economy
4/10/2023 10:26:19 PM
The average yields on 91-day and 273-day Egyptian T-bills increased by 0.012 percent on Monday, compared to a week earlier, according to data released by the Central Bank of Egypt (CBE).
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Business
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Economy
4/10/2023 4:46:39 PM
Egypt is continuing to support domestic agricultural and industrial production despite harsh global economic challenges, Egypt's Minister of Finance Mohamed Maait announced on Sunday.
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Business
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Economy
4/9/2023 12:54:33 PM
The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) worth EGP 40 billion ($1.30 billion) on Sunday, divided into two issues.
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Egypt
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Health
4/7/2023 10:55:01 PM
Finance Minister Mohamed Maait announced on Friday that the allocation for Egypt's health sector in the new budget has increased by 14 percent to reach EGP 111.2 billion.
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Al-Ahram Weekly
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Egypt
4/7/2023 1:05:00 PM
Egypt’s 2023-24 budget and development plan were submitted to parliament this week.
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Al-Ahram Weekly
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Egypt
3/31/2023 2:24:00 PM
Approved by the cabinet and President Abdel-Fattah Al-Sisi this week, the budget for FY 2023-24 will now be forwarded to the House of Representatives for discussion.
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Business
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Economy
3/21/2023 2:56:12 PM
Egypt's parliament – the House of Representatives – approved Monday a bill amending the current FY2022/23 budget to earmark an additional EGP 165 billion to fund President Abdel-Fattah El-Sisi's new package of wage and pension hikes and social protection programmes.
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Business
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Economy
3/15/2023 6:56:02 PM
Britain on Wednesday unveiled a budget aimed at tackling a cost-of-living crisis that has sparked a fresh wave of public sector strikes.
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Egypt
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Politics
3/12/2023 7:35:22 PM
Egypt’s finance ministry is currently putting the final touches on the new FY 2023/24 budget and will refer it to the House of Representatives in the last week of March, Yasser Omar, deputy chairman of the Egyptian House of Representatives' Budget Committee, said on Sunday.
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World
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International
3/9/2023 8:37:20 PM
US President Joe Biden's budget blueprint released Thursday proposes cutting deficits by nearly $3 trillion in the next decade along with a minimum tax on the wealthiest, an announcement seen as a build-up to his reelection pitch.
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Business
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Economy
3/6/2023 3:17:57 PM
Egypt’s budget deficit rose to four percent of gross domestic product (GDP) during the first half (1H) of FY 2022/2023 (July-December 2022) to over EGP 367 billion, stated a report by the Ministry of Finance on Monday.
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