Egyptian government to depend less on local market in budget deficit finance
Debt instruments worth EGP 587bn offered during Q1 2021/22, compared to EGP…
Egypt records EGP 14bn in primary budget surplus during H1 of FY 2020/21
Egypt witnessed primary budget surplus of about EGP 14bn during the first…
Strong start for ‘participatory budgeting’ aimed at improving services: Finance Ministry
This is due to the commensurate great importance it attaches to improving…
Egypt signs $2bn conventional, Islamic facility to finance budget deficit
According to a Ministry of Finance statement, on Monday, the facility was…
Additional EGP 80bn appropriation in 2019/20 budget does not affect deficit: Maait
Additional appropriation has contributed to significantly reduce debt service for current, coming…
Egypt allocates EGP 258.5bn to health sector in 2020/21 budget
Allocations for pre-university education sector come to EGP 241.6bn, higher education EGP…
Egypt’s government investments stand at EGP 280.7bn in FY 2020/21 budget
The new investments aim to move the economy onto sustainable growth, and…
Despite COVID-19, Egypt’s budget deficit drops to 7.8% in FY 2019/20
Minister of Finance Mohamed Maait said the country had achieved a primary…
Budget deficit at 6.3%, expected to reach 7.5% amid COVID-19: Finance Minister
Constant monitoring of situation needed, particularly for annual budget which was prepared…
Further EGP 10bn allocated to FY 2019/20 budget against COVID-19
A report issued by the Ministry of Planning and Economic Development added…