budget - Daily News Egypt

Egypt’s GDP grows 5.6%, budget deficit registers 8.2% in FY 2018/19

The ongoing fiscal reforms managed to reduce the budget deficit to 8.2% in FY 2018/19, in continuation to the ongoing down trend from 9.8% in...

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Egypt to apply participatory budgeting in FY 2020/21: Finance Ministry official

The results of the Citizen Budget initiative encouraged introducing the participatory budgeting, says Sarah Eid

Egypt’s primary budget surplus registers EGP1bn in July: MOF

NIR increased to $45 bn in August 2019 covering 8 months of imports

Recent interest rate cuts save EGP 20-25bn in state budget: Finance Ministry

Interest cuts will not affect attractiveness of government debt instruments, says Kouchouk

Bank financing’s contribution to budget deficit declines in 2Q19: CBE

Investors’ shift from T-Bills to T-Bonds reflects positive change in their macroeconomic outlook of Egypt

Government hedges against oil price increase at under $70 per barrel

Renewal of hedging contracts every 3 months with review of oil value in markets: Source

Egypt’s GDP grows 5.6%, budget deficit registers 8.2% in FY 2018/19

The ongoing fiscal reforms managed to reduce the budget deficit to 8.2% in FY 2018/19, in continuation to the ongoing down trend from 9.8% in the FY 2017/18 and 12.5% in FY 2015/16.

EGPC forecasted net profit fell to EGP 21.4bn in FY 2019/20, down 30%

Profit targets were set based on minimum oil, gas production, say sources

Initial surplus in Egypt’s budget EGP 58.2bn in 11 months: Ministry of Finance

Meanwhile, Egypt achieved an initial surplus of only EGP 1.9bn during the period from July 2017 to the end of May 2018.

Misr Insurance Holding Company approves 2019/20 draft budget

Target revenues of EGP 20.4bn, up by 21.5%, net profit at EGP 4.3bn, up by 34.5%, estimated investments of EGP 70.7bn, up by 8%

Parliament approves Egypt’s largest-ever budget of EGP 1.6tn for FY20

EGP 326.8bn for health and education, EGP 301bn for wages, EGP 149bn for food and commodities subsidies

Egypt’s budget deficit drops to 5.6% in 10M of FY 2018/19

According to the financial report, the overall deficit declined as a result of the higher growth rate in revenues than the growth rate of expenditures

Government plans to offer treasury T-Bonds, T-Bills worth EGP 146.5bn in June

Finance Ministry borrowed about EGP 184bn in T-Bills, T-bonds in April, about EGP 148bn in May

Tarek Shawky urges ministry of finance to increase education reform’s budget

We only received EGP 99bn, despite requesting EGP 138 bn, said Shawky

Initial budget surplus of EGP 35.5bn in 9M of current FY: Egypt’s Finance Minister

Planned increase in stock exchange duty cancelled, stamp duty stays at EGP 1.5

Neeasae’s budget records EGP 230m for FY 2019/20

Company owes EGP 90m to NIB

Egypt’s high interest rates exert pressure on budget: WBG

Social conditions remain difficult, inflation eroded real income, says report

Egypt targets 7.2% deficit, 6% GDP growth, 6.163tn total GDP in FY 2019/20

New draft budget sets price of Brent crude at $70 per barrel, up from $67 per barrel in current FY

Government plans to borrow EGP 478.5bn to fill budget deficit

Finance Ministry launches bids for T-Bills, T-Bonds for EGP 184bn in April, EGP 148bn in May, EGP 146.5bn in June

Egypt targets budget deficit of 7.2%, GDP growth of 6.1% in FY 2020: Finance Minister

The Egyptian government targets a budget deficit of 7.2% and a GDP growth of 6.1% in fiscal year (FY) 2019/20, the Minister of Finance, Mohamed Moeit, said on Tuesday during an industry conference. During the conference organised by the Egyptian Center for Economic Studies, Moeit added that as the FY nears its end (June), there …