Latest in Highlight
Ministry of Finance had raised GDP target by EGP 400bn to EGP 2.4tn to keep deficit ratio at 10%
Ministry of Finance plans to submit bill to amend wage system for cabinet
Ministry of Finance expects tax revenue increases of EGP 6bn or 1.6% due to amendments to real estate and income tax laws, as well as new taxes on stock dividends and distributions
Cash support for poor may act as safety net, but biggest danger lies in creating new poor by cutting energy subsidies, says professor of socioeconomics Hania Al-Shalkamy
Holding Company for Spinning and Weaving is comprised of 32 subsidiary companies, including 9 cotton companies and 22 spinning and weaving companies.
Eligible subscribers from local and foreign banks will access t-bill, CBE says
Using replacement value method would reduce property tax for Cairene hotels by 90%, says deputy chairman
EGAS has yet to sign with two oil companies to supply 12 shipments of LNG, due to the lack of necessary funds.
Removing diesel subsidies from November onward would pose extra burden on already suffering tourism sector, says deputy chairman of Chambers of Hotels
Government delayed with presenting next year’s budget, hesitation about pursuing subsidy reform
Price increase would aim to encourage local farms selling more wheat to the state in order to make Egypt, the world’s largest wheat importer, less relient on imports
Industrial Development Authority considering to speak with the ministries of Finance and Planning to extend deadline for completing development of industrial lands
The aim of the blog is to communicate with the public regarding the country’s economic situation, the ministry says
Ministry of Finance says the tourism sector brought in $1.9bn in six months.
Value of social insurance debt between 2011 and 2013 amounted to EGP 162bn, according to finance minister
From July to February, the budget gap marked EGP 123.6bn compared to EGP 146.5bn in the same period in FY 2012/2013
GPD growth rate will register between 2% and 2.5%, says finance minister
The amendments include establishing a committee in every governorate to survey and evaluate the rental value of properties.
Hany Qadry highlights the significance of “restructuring individual incomes” to revitalise the economy
Economist says low supply of foreign currency responsible for continued market slump
Public investment projects, settlement of arrears and wage increases will spur economic activity, the Ministry of Finance says
Business sector public companies and authorities “themselves” are responsible for raising the wages of their employees, Mesbah Qotb says
EGP 5bn increase year on year in tax revenues in the period from July to February
Monthly cash stipends will benefit 2 to 3 million families
Total value of revenues reaches EGP 175.4bn and total expenditure registers EGP 262bn, finance ministry says
The government’s stimulus package will yield results by the end of Q1 2014, Galal says
Ministry denies changes were made to the laws or rates of taxes on arable land
December’s auction revenues registered EGP 23.4m
Treasury bonds will comprise of 30% of government holdings in Q3 compared to 20% in Q2
The banking sector has been a source for filling financial gap of public authorities through granting them loans. Although experts stated that this initiative may be “politically motivated”, they stressed that banks always have reserves for loans.