Egypt’s Budget Deficit Hit 12.8% in FY2013/14: Finance Ministry
Egypt's state budget deficit hit EGP 255.4 billion – 12.8 percent of GDP – in the fiscal year 2013/14, according to…
Browsing Tag
Hany Qadry Demian
Egypt Seeks to Trim Budget Deficit to 8% by 5 Years: Finance Minister
The Egyptian government is planning to trim its budget deficit to 8 percent of gross domestic product in five years…
Suez Canal Certificate Sales Pump EGP27bn into Egypt’s Banks: Official
Investment certificates issued earlier this month to finance the digging of a new Suez Canal have attracted EGP 27…
Egypt Revising Budget to Limit Deficit to 13.9% by 2015: Source
Egypt has revised its annual budget for the upcoming fiscal year to limit the budget deficit to 13.9 percent of…
Egypt Sees Deficit at 14-14.5% of GDP of Next FY Unless Reforms are Made
The Egyptian government sees its budget deficit, if it does not implement reforms, running at 14-14.5 percent of…
IMF-Egypt Annual Talks to Hold after Presidential Polls – Minister
Annual consultations between Egypt and the International Monetary Fund (IMF) will take place after the coming…
Egypt: Tax on Wealthy Likely to Begin Next Year – Official
Egypt’s highly-anticipated tax on high earners is likely to come into effect next financial year, according to a…
Official: Egypt May Impose 5% Tax on the Rich
Wealthy people in Egypt may be faced with a 5 percent wealth tax for 2 or 3 years, the country’s minister of…
Egypt Sees 2-2.5% Economic Growth This Year
Egypt is expected to witness economic growth rates ranging between 2–2.5% within the current fiscal year, said…
Update – Who’s Who: Ministers in Egypt’s New Cabinet
Egypt's newly formed cabinet, led by Prime Minister Ibrahim Mehleb, was sworn in on Saturday afternoon. Mehleb was…
