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" budget deficit"

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Business - Economy
7/17/2024 8:55:25 PM
Egypt’s budget has achieved an initial surplus of EGP 857 billion in the FY2023/2024, which ended on 30 June, compared to EGP 164 billion in the previous year, marking a 422 percent increase, Minister of Finance, Ahmed Kouchouk, stated on Wednesday.

Business - Economy
6/21/2024 6:32:06 PM
French Finance Minister Bruno Le Maire on Friday insisted France would slash the public deficit to below three percent of GDP by 2027, after the EU reprimanded Paris for breaking budget rules.

Business - Economy
6/6/2024 3:57:23 PM
The US trade deficit expanded slightly less than analysts expected in April, to the widest since late 2022, as imports rose more quickly than exports, according to government data released Thursday.

Business - Economy
4/23/2024 7:05:48 PM
Egypt’s total budget deficit for the upcoming FY2024/2025 will widen to EGP 1.2 trillion, equivalent to 7.2 percent of the country’s GDP, up from an estimated EGP 555 billion (or four percent of the GDP) in the current FY2023/2024, the Ministry of Finance said in its budget financial statement on Tuesday.

Business - Economy
4/17/2024 6:45:00 PM
Egypt’s external debt is projected to rise during the current FY2023/2024 due to the depreciation in the exchange rate, Era Dabla-Norris, the Deputy Director of the Fiscal Affairs Department at the International Monetary Fund (IMF), told Ahram Online.

Business - Economy
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
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.

Business - Economy
1/18/2024 2:17:16 PM
Egypt’s budget deficit recorded 4.95 percent of GDP during the first half (H1) of FY 2023/2024, July-December 2023, said Minister of Finance Mohamed Maait.

Business - Economy
1/9/2024 2:49:59 PM
The Central Bank of Egypt (CBE) auctioned EGP 130 billion treasury bills (T-bills) on Tuesday with four maturities between April 2024 and January 2025.

Business - Economy
1/3/2024 2:03:34 PM
The Central Bank of Egypt (CBE) issued on Tuesday $830 million in USD-denominated treasury bills (T-bills) with a one-year maturity, according to the bank’s website.

Business - Economy
12/17/2023 2:53:57 PM
The Egyptian government's decision to rationalize spending will not affect crucial sectors such as health, supply goods, petroleum and gas supplies, as well as the solidarity and dignity initiative, said Minister of Finance Mohamed Maait, according to a statement on Saturday.

Business - Economy
12/6/2023 2:02:02 PM
Egypt’s budget deficit will increase by one percent in the fiscal year (FY) 2023/2024 to account for 7.1 percent of GDP, up from 6.1 percent in FY2022/2023, due to the increase in debt service payments, according to a report by Investment bank HC Securities and Investment on Wednesday.

Business - Economy
12/5/2023 3:12:16 PM
The Central Bank of Egypt (CBE) sold on Monday $990 million in USD-denominated treasury bills (T-bills) with a one-year maturity, according to the bank’s website.

Business - Economy
12/4/2023 3:29:52 PM
Egypt’s budget deficit rose to 3.85 percent of GDP during the first quarter (July-September) of FY 2023/2024, up from 2.05 percent in the corresponding quarter in FY 2022/ 2023.

Business - Economy
11/13/2023 5:40:00 PM
Egypt’s total budget deficit reached 3.2 percent of GDP or more than EGP 383 billion ($12.4 billion) during the first two months (July and August) of FY2023/2024, according to the Ministry of Finance’s monthly report.

Business - Economy
11/13/2023 3:09:42 PM
The Central Bank of Egypt (CBE) auctioned $1.61 billion USD-denominated treasury bills (T-bills) on Monday, reported the CBE website.

Business - Economy
11/2/2023 2:04:09 PM
Egypt issued its second batch of Yen-denominated Samurai bonds with a value of ¥75 billion (about $500 million) in a five-year tenor and with a regular dividend of 1.5 percent, Minister of Finance Mohamed Maait said in a statement on Thursday.

Business - Economy
10/23/2023 5:01:26 PM
Egypt is planning to issue a batch of $500 million yen-denominated Samurai bonds for the third time before the end of November, according to Minister of Finance Mohamed Maait on Sunday.

Business - Economy
10/21/2023 1:56:08 PM
The US budget deficit has widened to $1.7 trillion, government data showed on Friday, in a development that could add pressure on President Joe Biden as he seeks reelection in 2024.

Business - Economy
10/8/2023 9:47:52 PM
The Central Bank of Egypt (CBE) has accepted EGP 43.05 billion in bids for two issuances on T-bills offered on Sunday.

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