Egypt’s PM reviews fuel-saving measures across state projects
Egypt’s Prime Minister Moustafa Madbouly on Monday reviewed measures to rationalise petroleum consumption in…
Browsing Tag
Budget
India’s fiscal deficit at $67.3b by August ’25
India's fiscal deficit in April-August was 5.98 trillion rupees ($67.34 billion), which is 38.1 per cent of the…
Egypt’s Sisi urges debt cost cuts, tighter fiscal discipline, enhanced social justice
Egyptian President Abdel Fattah El-Sisi on Saturday called on his government to step up efforts to cut debt…
French PM opens door to referendum on cost-cutting measures
French Prime Minister Francois Bayrou has raised the possibility of holding a national referendum on the country’s…
UK budget stability remains priority – Starmer
British Prime Minister Keir Starmer reaffirmed on Monday that the government will adhere to the fiscal rules…
UK business optimism hits post-pandemic low, says IoD
UK's Institute of Directors (IoD) reported on Sunday that optimism among its members has plummeted to the lowest…
UK business sentiment falls ahead of budget
Sentiment among British manufacturing companies has declined at the fastest pace in two years, according to a…
UK deficit surpasses expectations, pressuring Reeves
The UK government recorded a larger-than-expected deficit of £79.6 billion ($103.6 billion) for the first half of…
UK finance minister faces pressure for major tax hike – IFS
British finance minister Rachel Reeves may need to announce a £25 billion ($33 billion) tax increase in her first…
Russia cuts oil revenue dependence in 2025 budget
Russia is reducing its reliance on oil and gas revenues to fund its federal budget, Finance Minister Anton Siluanov…
Czech 2025 budget seeks $10.2b deficit reduction
The Czech government has unveiled a draft budget for 2025, targeting a reduced deficit of CZK 230 billion ($10.2…
IMF approval paves way for Egypt’s economic vision – PM
The IMF Executive Board's approval of the third review of Egypt's economic reform programme marks an important step…
Egypt’s FY2021 budget aims to reduce poverty rate to 30% – minister
Egypt’s financial year 2020/2021 budget aims to reduce the poverty rate to 30 percent, down from 32.5 percent…
Egypt’s FY20 budget at $166.5mn in savings used to boost investments -minister
The savings of the financial year 2019/2020 budget recorded 2.7 billion Egyptian pounds ($166.5 million) that were…
Egypt allocates EGP 10bn in FY19/20 budget to cushion COVID-19 impact
Egypt has made an additional allocation of 10 billion Egyptian pounds ($618,410 million) in its budget for fiscal…
Sisi Oks new law earmarking EGP 10 bln to help fight coronavirus
Egypt's President Abdel Fattah al-Sisi approved on Monday new law to add 10 billion pounds to the state budget for…
EU agrees to revamp budget, set up recovery fund to help rebuild coronavirus-hit economies
European Leaders agreed on Thursday to revamp its long-term budget and launch a massive recovery fund to help…
Egypt’s parliament committee Oks tax law amendments to support businesses
The Egyptian parliament's budget and planning committee approved in an urgent meeting on Saturday a new batch of…
Apple’s new budget iPhone unlikely to be major driver in China
Apple Inc’s new iPhone SE for the budget-conscious is unlikely to be a major driver of sales in China, with…
Egypt doubles health insurance system to $558.3mn in FY2019 – PM
Egypt doubled the budget of its health insurance system to 9 billion Egyptian pounds ($558.3 million) during the…
IMF keeps Egypt economic forecasts, sees FY21 inflation easing to 7.4%
The International Monetary Fund on Thursday confirmed its Egypt’s economic growth forecast of 5.9 percent this…
Egypt allocates $301k for blast-hit cancer institute
Egyptian Social Solidarity Minster Ghada Waly on Tuesday approved to allocate 5 million Egyptian pounds ($301,670)…
Sisi Oks law on budget of Suez Canal Economic Zone for FY20
Egyptian President Abdel Fattah al-Sisi has ratified Law No.11 of 2019 pertaining to the budget of the General…
Egypt parliament to vote on new budget, developmental plan Monday
Egypt's parliament will take a final vote on the country’s new budget and development plan (financial year…
Egypt sees $25.6 bln deficit in FY 2019/20: ministry
Egypt expects a total deficit worth 445.1 billion Egyptian pounds ($25.76 billion) in its 1.575 trillion pound…
Egypt’s budget deficit hits EGP222.5 bln in 7 months
Egypt's budget deficit hit 222.5 billion Egyptian pounds from July to January of 2018/2019, accounting for 4.2…
Trump’s budget likely to get rejected Monday
When President Donald Trump proposes his 2020 federal budget on Monday, official Washington will likely have a…
Egypt plans for more energy resources: minister
A promising programme is underway to increase Egypt's resources of oil and natural gas to secure the country's…
Work underway to prepare new public finance bill: Egypt’s FinMin
Egypt's Minister of Finance Mohamed Maait said Sunday that his ministry is working on preparing a new public…
Western Desert produces 60% of Egypt’s crude oil: minister
Egypt's Petroleum Minister Tarek el-Molla said on Wednesday that the country's Western Desert produces about 60…
Egypt’s economic wish list for 2019
The new year brought with it not just greetings but also jokes about how broke many people have become and how…
Egypt’s revenues hike 35% in Q1-FY2018/19: minister
Egypt’s revenues increased 35 percent during the first quarter of financial year 2018/2019, according to Minister…
Egypt’s budget deficit slightly lower by 1.9% in Q1 FY 2018-19
Egypt’s budget deficit for the first quarter of the fiscal year 2018-2019 slightly decreased to 1.9 percent from 2…
Egypt’s Eastern Co. sees 20% hike in revenues for FY2019 budget
Egypt's state-owned Eastern Company expected to achieve revenues up to 20 percent in its planning budget of…
Egypt posts 0.2% primary surplus in first 3 months of FY2019
Egypt achieved 0.2 percent as a primary surplus of gross domestic product (GPD) during July to October of financial…
Italy ready to adjust budget if markets disapprove
Italy’s coalition government is prepared to adjust its contested 2019 budget should markets react negatively and…
Yen exerts safe-haven pulling power amid Brexit, Italian budget worries
The Japanese yen, a safe haven in uncertain times, firmed against the dollar on Tuesday, as the euro and sterling…
Draghi tells Rome not to expect an ECB rescue if budget talks fail
European Central Bank President Mario Draghi is sending a warning message to Rome ahead of its formal budget…
Egypt’s fuel subsidy bill rises 1 bln pounds in Q1-FY2018/19
Egypt’s fuel subsidy bill hiked by nearly one billion Egyptian pounds ($55.7 million) during the first quarter of…
European stocks to open higher as Italy budget tensions rumble on
European stocks are expected to open higher Tuesday, despite ongoing friction between Italy and the European Union…