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Business - Economy
Egypt public expenditures decline by 5.9% in July, August
10/1/2024 2:53:15 PM
Egypt’s public expenditures have declined by 5.9 percent in July and August of the current FY2024/2025, reflecting the government’s ongoing efforts to enhance strategic management of public debt, according to the monthly report published by the Ministry of Finance.
Business - Economy
Egypt overall debt declines to 89% of GDP in FY2023/2024: Ministry report
7/29/2024 3:30:05 PM
Egypt’s overall debt declined by the end of FY2023/2024, which ended on 30 June 2024, to 89 percent of the GDP, down from 95.7 percent posted at the end of the FY2022/2023, according to July's fiscal monthly report published by the Ministry of Finance.
Al-Ahram Weekly - Economy
The bare necessities
5/21/2024 9:57:13 PM
A government-drafted amendment to increase 2023-24 budget expenditure by LE320 billion was approved by the House of Representatives on Monday, reports Gamal Essam El-Din
World - International
Conflicts push global military spending to 'all-time high': report
4/22/2024 10:55:17 AM
Global military expenditure saw its steepest increase in over a decade in 2023, reaching an all-time high of $2.4 trillion as wars and rising tensions fuelled spending across the world, researchers said Monday.
Business - Economy
Egypt approves FY2024/25 budget with targeted EGP 6.4 tln in expenditures, EGP 5.05 tln in revenues
3/27/2024 6:10:25 PM
Egypt’s cabinet has approved in its meeting on Wednesday the draft budget for the upcoming FY 2024/2025 to send to the House of Representatives by the end of March, the cabinet said in a statement.
Business - Economy
Egypt’s budget deficit rose to 5.51 percent in July-November
1/23/2024 3:01:57 PM
Egypt’s budget deficit rose to 5.51 percent of GDP between July and November 2024 from 3.37 percent during the same period last year, according to data released by the Ministry of Finance.
Al-Ahram Weekly - Entre nous
The 30-30-30 rule for weight loss
1/16/2024 8:31:42 PM
The 30-30-30 rule is not a strict diet plan but instead is a flexible framework that promotes a balanced and sustainable approach to weight management by addressing both calorie intake and expenditure.
Business - Economy
Egypt’s spending on interest rates among reasons for elevated debt: IMF
10/11/2023 3:03:47 PM
Egypt's elevated debt in FY2023/2024 is the result of several factors, including high spending on interest rates, Ruud De Mooij, deputy director of the Fiscal Affairs Department at the International Monetary Fund (IMF), told Ahram Online.
Business - Economy
Egypt’s debt ratio to be the highest across emerging markets, developing economies in 2023: IMF
10/11/2023 12:04:14 PM
Egypt’s gross debt-to-GDP ratio is projected to be 92.7 percent in 2023, the highest among the emerging markets and the middle-income economies, the International Monetary Fund (IMF) said on Wednesday.
Business - Economy
Egypt's FY 2023/24 budget: Key points at a glance
6/30/2023 11:12:08 PM
Egypt's new budget for FY 2023/24 takes effect on 1 July, with higher revenues and expenditures forecasted by the government.
Business - Economy
Egypt defers new projects that need USD as part of regulations to rationalise public spending
1/9/2023 10:53:42 PM
Egypt’s Prime Minister Mostafa Madbouly has issued a number of regulations for state bodies to rationalise public expenditure amid the ongoing global economic crisis, including postponing new projects that need US dollars and have not yet started.
Egypt - Politics
Egypt’s parliament gives final approval on FY2022/23 budget targeting EGP 2 tln in expenditures
6/21/2022 6:08:50 PM
After a two-day debate marathon on Sunday and Monday, Egypt’s lower chamber of Parliament — the House of Representatives — gave a final approval on the state’s FY2022/23 Budget and Development Plan in a plenary session on Tuesday.
Sports - World
Qatar sees budget outlay up 5% for World Cup
12/8/2021 12:07:42 AM
Qatar foresees a nearly five percent rise in government expenditures next year due to its hosting of the 2022 World Cup, budget estimates released Tuesday show.
Egypt - Politics
Egypt's parliament approves the country's new 2021/22 budget and socio-economic development plan
6/14/2021 5:26:59 PM
Egypt’s new 2021/22 budget targets revenues of EGP 2.365 trillion, while expenditures are estimated to reach EGP 2.837 trillion
Business - Economy
IMF raises Egypt’s growth projections to 2.8%, significant risks expected amid COVID-19
1/9/2021 1:17:38 PM
Under the SBA programme, Egypt has to pass the draft customs law by end of March, complete the public expenditure review by end of April, and develop a reform plan for the National Investment Bank by end of January
Egypt - Politics
Egypt may deploy 'austerity measures' if fallout from coronavirus continues
5/10/2020 8:58:07 PM
The measures would include revising or removing public expenditure items in the budget for the new fiscal year, the finance minister said
Business - Economy
Expenditures on subsidised commodities reached EGP 89 billion in 2019/20 budget: Egypt's Cabinet
8/26/2019 6:00:26 PM
Business - Economy
'Egypt’s economic environment conducive for an accelerated easing cycle: says HC Securities
8/4/2019 4:20:03 PM
According to surveys conducted by banks, private businesses are looking for a further 300-400 bps cut before resuming capital expenditure (CAPEX) borrowing'
Egypt - Politics
Egypt's Sisi directs cuts in public expenditure
4/2/2019 10:01:01 PM
Business - Economy
Egypt's expenditures estimated to reach EGP 1.5 trillion in 2019/20 budget: Finance ministry
4/1/2019 9:23:58 PM
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