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" FY2021 2022"

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Business - Economy
2/22/2022 9:43:38 PM
Egypt’s real GDP growth jumped to 8.3 percent during the second quarter (Q2) of the current FY2021/2022 (October-December 2021), up from 2 percent reached during the corresponding quarter of FY2020/2021.

Business - Economy
2/2/2022 4:51:03 PM
Egypt’s balance of payments attained an overall surplus of $311.4 million in the first quarter (1Q) FY2021/2022 (July-September 2021), the Central Bank of Egypt (CBE) announced on Wednesday.

Business - Economy
2/2/2022 2:54:56 PM
Egypt targets lowering the budget’s overall deficit to below 6.7 percent by end of FY2021/2022 and to below six percent in FY2022/2023, down from 7.4 percent in FY2020/21, Minister of Finance Mohamed Maait announced on Wednesday.

Business - Economy
1/6/2022 12:13:39 PM
Egypt’s external debt declined slightly in September — the end of the first quarter (1Q) of the current FY2021/2022 — to record $137.4 billion, down from the $137.8 billion posted by the end of June — the end of FY2020/2021— according to recent data published by the Central bank of Egypt (CBE).

Business - Economy
12/21/2021 4:57:09 PM
Egyptian expats’ remittances inched up during the first quarter (1Q) of the current FY2021/2022 — July to September 2021 — by 1.5 percent, on an annual basis, to post $8.1 billion, up from about the $8 billion recorded in the same quarter of FY2020/2021, the Central Bank of Egypt announced on Tuesday.

Business - Economy
12/19/2021 1:12:34 PM
Minister of Finance Mohamed Maait said on Sunday that 82 percent of state bodies and 69 percent of economic authorities in Egypt have submitted their budgets for current FY2021/2022 based on “programmes and performance based budgeting” (PPBB) concepts, which contribute to achieving the rational management of public money.

Business - Economy
11/10/2021 2:58:56 PM
Egypt’s GDP is expected to post EGP 7.1 trillion in the current FY2021/2022, according to a statement given by Minister of Finance Mohamed Maait while addressing the National Press Authority on Tuesday.

Business - Economy
11/9/2021 2:57:29 PM
Egypt will have a “fresh economic face” by the end of FY2021/2022, where all ongoing projects to modernise and automate tax and customs systems will be completed and AI technologies will be integrated into government operations, Minister of Finance Mohamed Maait said on Tuesday.

Business - Economy
11/7/2021 1:17:35 PM
Egypt has allocated EGP 92.4 billion in public investments for the development of Upper Egypt in the current FY2021/2022, out of 1.25 trillion for the country’s total investments, Minister of Planning and Economic Development Hala El-Said said.

Business - Economy
11/4/2021 4:53:58 PM
Egypt’s output growth is projected to hit 4.9 percent in the current FY2021/2022, driven by a boom in the telecommunications sector, in private consumption, and investment, as well as the return of foreign direct investment (FDI).

Business - Economy
9/29/2021 4:00:01 PM
Egypt’s health sector allocations have increased by EGP 17.1 billion in the current FY2021/22 to reach EGP 275.6 billion, said Minister of Finance Mohamed Maait, who revealed the eighth edition of the citizen’s budget report on Wednesday.

Business - Economy
8/26/2021 1:56:59 PM
On the sector’s throughput, El-Said stated that it is planned to rise by 9 percent in FY2021/22 to record EGP 113 billion, up from the EGP 103.5 billion recorded in FY2020/21

Business - Economy
7/27/2021 3:16:43 PM
During July, the IMF expected Egypt's real GDP growth to increase by 5.2% in FY2021/2022 – up from 2.8% in FY2020/21 – before rebounding slightly in FY2022/23 to reach 5.6%, which is the same percentage recorded in FY2019/20

Business - Economy
6/8/2021 6:23:36 PM
Minister of Finance Mohamed Maait noted that all financing solutions are on the table during the coming FY2021/2022, which starts in July

Business - Economy
5/4/2021 7:31:08 PM
Egypt's FY2021/22 comes amid expectations that Egypt will approach its pre-pandemic growth levels, following a notable slowdown in its real GDP growth in FY2020/21 driven by the pandemic's repercussions

Business - Economy
4/28/2021 2:00:03 PM
Maait said budget deficit to GDP ratio is expected to decrease to 6.7 percent, down from the projected 7.07 percent in the current FY2020/2021

Business - Economy
4/26/2021 6:15:09 PM
Egyptian expat remittances are expected to rise in FY2021/22 by 7 percent to record $30 billion, up from $28 billion posted in FY2020/21, according to El-Said

Business - Economy
4/25/2021 7:56:43 PM
FY2021/22 budget revenues are estimated at EGP 1.3 trillion, while expenses are expected to post EGP 1.8 trillion, according to Maait

Business - Economy
4/25/2021 4:52:53 PM
Minister Hala El-Said also said the FY2021/22 draft budget targets allocating EGP 358 billion in governmental investments and EGP 269 billion for the public economic authorities

Business - Economy
4/11/2021 1:02:53 PM
'We expect a gradual improvement in Egypt’s economic growth during FY2021/2022 at 2.5 percent, and at 5.7 percent in FY2022/2023,' says the IMF's director of the Middle East and Central Asia Department

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