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Business
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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.
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Business
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Economy
4/28/2024 9:30:13 AM
Egypt’s budget plan for the upcoming FY2024/2025 comes in line with the government commitments to the International Monetary Fund (IMF) under the fund’s loan programme for the country.
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Business
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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.
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Al-Ahram Weekly
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Economy
3/29/2024 12:57:00 PM
The government’s budget and development plan will be submitted to parliament this month, writes Gamal Essam El-Din
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Business
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Economy
3/26/2024 10:34:57 PM
The state’s general budget for the fiscal year (FY) 2024/25, which begins in July, will increase allocations for health and education by 30 percent, the Egyptian presidency announced on Tuesday.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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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.
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Business
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Economy
8/15/2023 6:27:53 PM
The Central Bank of Egypt (CBE) auctioned EGP 86.25 billion ($2.8 billion) worth of treasury bills and bonds on Tuesday, according to the bank's website.
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Business
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Economy
8/14/2023 4:27:15 PM
The Central Bank of Egypt (CBE) auctioned €600 million ($656.29 million) worth of treasury bills on Monday, according to the bank's website.
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Business
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Economy
6/17/2023 5:18:41 PM
Egypt's primary budget surplus was 1.2 percent of GDP during the first 11 months of the current fiscal year (FY2022/23), which ends 31 June, Egypt’s Minister of Finance Mohamed Maait said on Friday.
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Business
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Economy
6/11/2023 8:40:03 PM
The government should do its best to restrict foreign borrowing to very narrow limits, particularly as high-interest rates are now exerting tremendous pressure on the public finances of world economies, including Egypt, said Chairman of Egypt Parliament's Budget Committee Fakhri El-Fiqi.
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Egypt
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Politics
5/8/2023 6:25:25 PM
Egypt’s Finance Minister Mohamed Maait and Planning and Economic Development Minister Hala El-Said will deliver Tuesday two statements in parliament on the draft FY 2023/24 budget and socioeconomic development plan.
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Business
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Economy
4/23/2023 8:43:27 PM
President Abdel-Fattah El-Sisi has ordered an almost 50 percent increase in appropriations for various subsidy and social protection programs in the budget for FY2023/2024 in order "to ease the burden on citizens during the global inflation wave."
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Business
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Economy
3/6/2023 3:17:57 PM
Egypt’s budget deficit rose to four percent of gross domestic product (GDP) during the first half (1H) of FY 2022/2023 (July-December 2022) to over EGP 367 billion, stated a report by the Ministry of Finance on Monday.
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Business
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Economy
9/14/2022 2:33:28 PM
Egypt’s economy has tripled in size over the past six years despite the economic challenges, Minister of Finance Mohamed Maait told the Korean Ambassador in Egypt Hong Jin-wook on Wednesday during a meeting at the finance ministry headquarters in the presence of a delegation of Korean investors.
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Business
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Economy
10/16/2021 7:33:11 PM
The government is continuously increasing the budget of the healthcare sector, said Minister of Finance Mohamed Maait on Saturday.
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Egypt
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Politics
6/14/2021 1:21:00 PM
The four sectors will receive a total of EGP 727.8 billion, said the finance minister
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