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The government targets economic growth reflective of living standards, Ministry of Finance
Report recommends a monetary scheme to re-prioritize spending, strengthen social protection, and modernise the infrastructure of the economy
Outstanding balances of treasury bonds increased by EGP 16.94bn at end of March
Total value of bonds issued in Egyptian pounds increased to EGP 729.97bn by 8 March
Finance Ministry issues factoring activities to increase companies’ liquidity
Minister of Finance Amr Al-Garhi issued a decision to add factoring activities to financing activities to increase companies liquidity. Factoring allows companies to sell outstanding debt to a third part at a discount rate to receive the financing needed to continue working. The ministry’s decision will allow factoring within the permitted financing activities for operating …
Return on treasury bonds jumps by more than 1.5%, public banks begin to raise interest rates
Ministry of Finance offered three auctions for treasury bonds on Monday. The first is with maturity period of a year and a half, and an average return of 14.631%, compared to 12.719% before raising the interest rate, an increase of 1.912%
Budget deficit 9.9% of GDP according to draft budget
Estimated tax revenue amounts to EGP 444.4bn, with growth rate of 5% compared to current fiscal year
Ministry of Finance denies applying VAT on international schools
The news was heavily criticised by social media users
Ministry of Finance impugns validity of leaked budget
We do not target specific dollar exchange value in new budget, says Minister of Finance
$1.208bn offered for investment in treasury bills
Return on bills increased by up to compared to last CBE auction last January
Outstanding balances of treasury bonds increased by EGP 13bn
Total value of bonds issued in EGP increased to EGP 698.85bn until 12 January 2016
Ministries of investment, finance meet with CBE to discuss activation of secondary bond market
Investment Ministry and EFSA form joint committee to reduce fees for listing companies’ in EGX, says Salman
122,000 property tax appeals: Finance ministry
Fifth Settlement district paid highest value of taxes, spokesperson says
Expenditure on subsidy, grants, social benefits increased by 52% in July-October FY 2015/2016
The increase was attributed to a rise in bread and ration commodity subsidy marking 32.7%
Ministry of Finance announces EGP 96.7bn budget deficit in first trimester of FY 2015/2016
State expenditures totaled EGP 221.2bn, an increase from the EGP 183.7bn in same period last year
Ministry of Finances announces tax revenue for first third of FY 2015/2016
EGP 18bn increase in revenue compared to 2014/2015 FY attributed to reforms implement in the tax code
Amer informs Ministry of Finance of banks’ rejection of VAT
A high-level meeting was held between Ministry of Finance and CBE to discuss a solution
Finance Ministry puts a strategy to manage public debt until 2018: Dimian
Strategy includes meeting financial needs with low cost and supporting the government securities market
Ministry of Finance grants EGP 1bn to Holding Company for Water and Wastewater
Alexandria did not request provisions to renovate drainage networks prior to crisis, says Dimian
Will the PPP projects revive the IT sector?
The latest dollar crisis Egypt is facing is also an obstacle for companies that seek to implement the projects, especially since most of the components will be imported.
34.5% increase in public revenues during July, August: Ministry of Finance
Spending on public investment amounted to EGP 3.3bn, with an increase rate of 61.4%, says ministry report
Dimian attends IMF, WB’s annual meeting in Peru
Finance minister will also attend meetings with high-level officials in international financial institutions and credit ranking institutions
Revenues of Egyptian Railways increased to EGP 129.1m in August: CAPMAS
15.1 million train passengers in August, and 366,700 tonnes of goods transported
Citizens to participate in government decision-making: Finance minister
Budget Law requires amendments, citizens to be provided with state budget, says Hany Dimian
Egypt issues gasoline cards for registered fishing vessels: Ministry of Finance
Cards to be issued for petrol- or diesel-operated vehicles registered in traffic departments, says Amr Badawi
Collected customs surges over 19% during FY 2014/2015
Regulations currently being unified at all ports
Ministry of Finance to mechanise and connect all notary offices
The third PPP Unit International Conference will take place in Cairo in mid-October
Outstanding balance of treasury bonds at EGP 614.19bn by end of August: Ministry of Finance
These bonds were introduced during the period 15 November 2005 to 11 August 2015, with interest rates ranges between 8.6% and 17%.
Taxes on commercial, industrial activities to significantly increase under VAT
Tax will rise from EGP 54,000 to EGP 500,000 for industrial activities, while commercial actives will generate a tax rise from EGP 150,000 to 500,000
Outstanding balance of treasury bonds at EGP 614.19bn by end of August: Ministry of Finance
According to the Ministry of Finance, the balances of the second type of bond, the zero-coupon bond, is up to about EGP 61.29bn, with an average interest rate of 12.007%.
EGP 2.8bn in urgent funds to improve public services: Finance ministry
Ministry of Finance dedicates EGP 74.1m for operation of non-economic railway lines and student subscriptions, says Abdel Fattah
Government widens exempted tranche of tax income
Economic expert and advisor to the Minister of Planning Abdel Fattah El-Gebaly said the move will increase the net income of employees, noting that it curbs inflation on the long-term