Tag: Ahmed Galal

Budget deficit records EGP 89.4bn in first half of 2013/2014

Total value of revenues reaches EGP 175.4bn and total expenditure registers EGP…

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Galal approves allocation of EGP 1.31bn funding to healthcare, education, other sectors

Allocations aimed at improving public services for citizens, finance minister says

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Stimulus package almost ready

Government aims to reassure that Egypt safe for investors

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Minister of Finance prepares for new constitution’s implementation

Ahmed Galal forms a committee to be tasked with reviewing the financial…

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Government has spent EGP 18bn of first stimulus package: Finance minister

The government’s stimulus package will yield results by the end of Q1…

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Government may raise taxes to meet expenditures: Finance ministry

Minister of Finance says additional revenue vital to reining in budget deficit

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Expansionary economic policies prevent tax increases: Finance minister

The government will tackle a different tax system after revitalising the economy,…

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IMF delegation to visit Egypt in January

The delegation will resume talks about Value Added Tax draft law

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Minister of Finance allots additional fund for different sectors

EGP 165m will be allocated for tourism, EGP 225m for petroleum, EGP…

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Finance minister discusses current economic situation and challenges for next government

Galal discloses that the CBE has held onto a $9bn deposit since…

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