Latest in Tag: budget Highlight
Latest in Tag: budget
Minister of Finance Amr El-Garhy said during a meeting of the American Egyptian Chamber (AmCham), that the ministry is working to reduce the budget’s deficit to 3-4% by the year 2021, adding that it’s one of the current challenges facing the government. In the meeting held on Sunday, the minister stated that the government has …
Difficult financial circumstances may force government to cut bought investment, goods,services: Khalil
Saying that EGP 32bn were lost from the budget is inaccurate, says Omar
Obour Land for Food Industries announced its budgeted operational and financial top-line indicators for fiscal year (FY) 2017.
Minister of Finance Amr El-Garhy said that the ministry aims to achieve three main goals with the Egypt’s budget for fiscal year 2017/2018. The main goals are raising the GDP by 5% to establish more revenue-generating resources in order to enhance the quality of life by raising citizen’s incomes, creating more jobs, and reducing the …
Minister of Finance Amr El-Garhy approved the final calculation of the public budget for the fiscal year (FY) of 2015/2016 with a total deficit of 12.2% or EGP 339.5bn, compared to 11.5% in FY 2014/2015. According to the ministry’s statement on Tuesday, public revenues increased by 5.6% to register EGP 491.5bn owing to a boost in tax revenues, as compared to EGP 465.2bn for …
Investments in post offices reduced operational costs and maximised revenues, says authority head
We have not studied cancelling the tax on treasury bills and bonds yet, but all ideas will be discussed.
The armed forces contracted with a French company to provide affordable subsidised baby formula, says army spokesperson
AFDB funds Egypt with $800m annually, including the second and third tranches of budget support
Prime Minister Sherif Ismail and the government have promised a litany of political and legislative reforms that would be implemented in the short term to develop Egypt’s economy and pull it out of its poor state. Debates over the Civil Service Law, the value-added tax, the investment law, as well as the budget deficit, trade …
Price hikes, reports of shortage of certain goods on the rise as army vows to intervene to provide basic goods for “ordinary citizens”
Cabinet increases electricity prices in accordance with the state budget and we cannot keep the same wage system
The recent amendments aim to curb government spending and promote economic development, says El-Garhy
90% of food commodities are exempt from VAT, says Finance Minister
Finance Minister Schäuble has presented Germany with another balanced budget to cement his reputation for austerity. But, with the country in need of social investment and interest rates low, isn’t it time to borrow?
The German cabinet has thrown its weight behind Finance Minister Wolfgang Schäuble’s draft budget for next year and his financing plans up to 2020. The main message is no fresh borrowing will be needed.
The German government has said Europe’s powerhouse will not move away from its budgetary policy of zero fresh borrowing, Brexit or not. It’s Berlin’s way of sending a “signal of continuity,” but not everyone is amused.
The budget was approved with a total deficit of 9.8% and some amendments, says Kojak
Voting session will pass the draft if it gets more than 350 votes; with attempts to convince Free Egyptians and Al-Wafd parties to approve
Government pledges to provide EGP 5bn for health insurance outside the ministry’s expenses
This comes a few weeks after the Administrative Prosecution called on the cabinet to immediately enhance the sector’s capacity
Al-Sisi headed the meeting in which an array of topics was discussed including terrorism in Sinai
El-Garhy and El-Araby meeting to increase budget allocations to three ministries by 10%, according to sources
Goods and services tax constitutes 46.5% of total tax revenues
The government hopes to reduce the budget deficit to 9.8% and control public debt by raising revenue and reducing expenses.
External debt is within safe limits and can be managed, but local debt is worrying, Jarvis says
Special committees to be formed upon Al-Sisi’s approval of the bylaw in preparation for discussions
Minister of Finance expects 9.9% state budget deficit, 5.2% economic growth
German Finance Minister Wolfgang Schäuble is confident that Europe’s powerhouse can fare without fresh borrowing up to 2020. Higher labor market spending is to be offset by steadily rising tax revenue.