Tag: fiscal year

Reducing energy subsidies is ‘good’ but may raise prices: Egyptian Steel chairman

Investors welcome the move to reduce energy subsidies, but ask government to…

Daily News Egypt Daily News Egypt

Civil society organisations call for budget transparency

Finance ministry has failed to meet legal obligations in publishing budget drafts…

Sara Aggour Sara Aggour

Ministry of Finance rates Egyptian banks

The ministry releases statement listing top five Egyptian banks that trade treasury…

Sara Aggour Sara Aggour

Real GDP records a growth rate of 2.3%

Finance ministry: deceleration of private consumption and investment spending during the period…

Sara Aggour Sara Aggour

Government records EGP 240bn budget deficit in last fiscal year

59% of increases for government expenditures are for subsidies and debt settlements

Sara Aggour Sara Aggour

A solution for Egypt’s fuel crisis?

The recurring petrol and diesel crises have left Egypt’s streets paralysed and…

Sarah El Masry Sarah El Masry

Budget deficit reaches EGP 197.5bn

Current deficit now amounts to 9.5% of GDP

Daily News Egypt Daily News Egypt

CBE reports EGP 11.3billion balance of payment deficit

The Central Bank of Egypt (CBE) announced Monday that Egypt’s balance of…

Islam Serour Islam Serour

Previous fiscal year characterised by rising GDP deficit

The Egypt Economic Performance Report for July-May of the fiscal year 2011-2012…

Daily News Egypt Daily News Egypt