Search Result
" initial surplus"

9 results

Business - Economy
4/9/2024 12:44:00 PM
The budget initial surplus has jumped over 8.5 folds during the first nine months of the current fiscal year (FY) 2023/2024 to EGP 416 billion (three percent of GDP), compared to EGP 50 billion (0.5 percent of GDP) in the same period of FY2022/2023, Minister of Finance Mohamed Maait announced on Monday.

Business - Economy
8/29/2022 10:31:13 PM
Egypt has pledged to the International Monetary Fund (IMF) to attain the overall budget deficit at six percent of GDP and to raise the initial surplus by 1.6 percent in FY 2022/2023, Minister of Finance Mohamed Maait said on Monday.

Business - Economy
3/22/2022 3:32:01 PM
Egypt lowered its expectation for real GDP growth in upcoming FY2022/2023 – which starts 1 July – to 5.5 percent, down from 5.7 percent expected in January, Minister of Planning and Economic Development Hala El-Said stated on Tuesday.

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
4/6/2021 8:33:37 PM
Maait unveiled that total tax revenues went up by 13.5 percent, at the end of the third quarter of FY2020/21, including the non-sovereign tax revenues that increased with EGP 43.1 billion (grew by 10.4 percent)

Business - Economy
3/25/2021 3:33:22 PM
Maait said that the FY2021/22 budget will witness an unprecedented increase in public investments in FY2021/22, with a growth rate of 27.6 percent

Business - Economy
3/25/2021 1:03:46 PM
Maait noted that such a robust public revenues performance assured the Egyptian economy success in recovering from the pandemic rapidly

Business - Economy
12/29/2020 5:11:36 PM
Egypt’s government offered international bonds worth $5 million in May 2020

Business - Economy
12/3/2018 3:42:41 PM