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Business
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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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Business
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Economy
5/22/2013 12:34:06 PM
IMF is ready to resume talks with Egyptian government once it completes a review of its economic programme
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Business
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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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Egypt
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Politics
4/27/2013 3:29:31 PM
The people have the right to know where their money is going, say opposition political party representatives
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Business
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Economy
3/13/2013 8:37:06 PM
Egypt was last year's worse performer when it comes to budget transparency, according to new survey highlighting dramatic regression in post-revolution period
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Business
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Economy
2/27/2013 7:33:50 PM
Egypt's total budget deficit rises to $17.7 bn from July to January of current fiscal year due to subsidies increases and social benefits expenditures
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Business
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Economy
2/14/2013 3:34:18 PM
An IMF mission is expected to visit Egypt this month to discuss a revised loan deal with the government, although details remain scarce
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Business
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Economy
2/3/2013 8:34:23 PM
Expenditure increases push Egypt's budget deficit to LE91.5 bn for first half of 2012/13 fiscal year, up from LE73.8 bn for same period the previous year
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Business
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Economy
1/20/2013 5:22:46 PM
Egyptian Finance Minister Hegazy claims 'Islamic' bonds could substantially reduce Egypt's budget deficit and welcomes Qatar's economic aid
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Business
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Economy
1/19/2013 4:28:34 PM
The International Monetary Fund is assessing Egypt's new budget-reduction procedures - the final stage before signing over a $4.8bln loan
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Business
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Economy
12/31/2012 4:13:46 PM
Budget deficit could reach alarming levels if urgent economic reforms are not implemented, says planning minister
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Business
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Economy
12/23/2012 4:46:37 PM
An increase in expenditures has pushed the budget deficit up from $9.5 billion in the same period last year
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Business
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Economy
8/15/2012 10:01:55 PM
Reworked programme will be a 'fresh start' for talks to qualify for an IMF loan worth up to $4.8 billion
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Business
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Economy
8/15/2012 5:46:25 PM
Deposit from the gas-rich emirate should help Egypt's balance of payments, but experts say a loan will be crucial to carry out state spending plans
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Business
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Economy
8/15/2012 3:36:53 PM
Christine Lagarde expected to meet Egypt's first elected government regarding ongoing loan negotiations next Wednesday; Finance Ministry to push for bigger loan
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Business
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Economy
8/6/2012 2:30:16 PM
International Monetary Fund delegation is set to visit Egypt in August to discuss possible financial support for a 'homegrown economic programme'
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Business
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Economy
7/19/2012 1:46:04 PM
Finance ministry approves new cuts in public procurements, such as car purchases for governmental bodies
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Business
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Economy
7/2/2012 9:00:00 AM
SCAF finally approves new state budget, to come into effect 8 July; Total state spending for 2012/13 expected to reach LE635.4 bn
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Business
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Economy
7/1/2012 5:54:02 PM
Spending plan for 2011/12 remains in effect as Egypt's controversial draft budget awaits military approval
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Business
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Economy
6/7/2012 2:23:53 PM
Petroleum minister says the current crisis at petrol stations is caused by distribution problems and there is no reason to hike prices
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