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Economy
12/3/2013 9:31:08 PM
Egyptian investment bank estimates annual growth will not exceed 2.7 percent and budget deficit to surpass 13 percent
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Economy
10/22/2013 8:59:14 PM
Egyptian government announces stimulus package to increase minimum wage and income tax exemption while keeping budget deficit at ten percent
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Economy
9/16/2013 10:33:20 AM
Finance ministry expects budget deficit to be 9.1% of GDP in fiscal year 2013/14, down from 13.8% in 2012/13
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Economy
9/14/2013 6:40:53 PM
A nine percent surge in government expenditure over expectations, coupled with lower than anticipated tax returns and sluggish growth, leaves Egypt a budget deficit equal to 14 percent of GDP
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Economy
9/12/2013 7:44:46 PM
Government hopes plan will cut unemployment down to 9 percent, budget deficit by 5 percent and raise growth rate to 3.5 percent
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Economy
8/31/2013 2:07:52 PM
Libyan minister of oil said in televised interview that strikes halting oil production could lead to budget deficit
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Economy
8/19/2013 8:12:41 PM
Interim Finance Minister, Ahmed Galal says he does not plan any emergency measures for the troubled economy. Will seek fiscal discipline and social justice
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Economy
7/18/2013 12:56:02 PM
Islamist-led Tunisian government to develop Islamic finance in response to gaping budget deficit and critically-low foreign currency reserves
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Economy
7/12/2013 10:23:56 PM
Gulf recent funds loaned and granted to Egyptian interim government maybe converted into bond securities to fulfill the budget deficit gap
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Economy
6/21/2013 3:40:27 PM
State budget deficit rises by 50 percent to some LE205 billion – or 11.8 percent of GDP – in first 11 months of current fiscal year, finance ministry reports
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Economy
5/30/2013 8:07:56 PM
Budget deficit reaches LE184.8 billion – or 10.6 percent of GDP – in first ten months of current fiscal year, finance ministry reports in latest bulletin
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Economy
5/23/2013 3:05:13 PM
In order to reduce state budget deficit to 9.6% of GDP in compliance with IMF loan conditions, govt plans to raise taxes and cut fuel subsidies – both of which are likely to impact Egyptians' daily expenses
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Economy
5/22/2013 4:50:00 PM
Advisor to finance minister insists Egypt will implement subsidy reductions – along with other harsh economic reforms – regardless of IMF's loans conditions
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Economy
5/21/2013 1:32:25 PM
Latest IMF forecasts on regional economy reveal confidence that Egypt's planned tax and subsidy reforms will translate into more positive numbers in terms of budget deficit
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Economy
5/19/2013 8:44:16 PM
Sudan's government wants to sell stakes in four state-owned sugar plants. The state would not completely withdraw from the firm
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Economy
5/12/2013 12:49:31 PM
Budget deficit, which surpasses previous estimations, equivalent to 11.5% of GDP
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Economy
5/8/2013 6:28:16 PM
Finance Minister Fayad Abdel-Moneim and Planning Minister Amr Darrag stress IMF-mandated economic reform aimed at reducing the budget deficit is an immediate priority
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Economy
5/1/2013 6:58:58 PM
The sovereign Islamic bonds law passed by the Shura Council Tuesday is expected to boost economic growth and employment figures, according to Ahmed El-Naggar
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Economy
4/23/2013 10:09:05 PM
Finance minister says Egypt's 2012/13 budget deficit may reach as much as 12 percent of national GDP, up from previous forecast of 10.7 percent
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Economy
4/15/2013 6:28:14 PM
Budget deficit for coming 2013/14 fiscal year is expected to reach as much as LE197.5 billion, state press reports Monday
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