budget
Finance Minister says LE36 billion to be saved after applying the smart card system
Egypt
January 2, 2014
Finance Minister says LE36 billion to be saved after applying the smart card system
Nagui al-Ashqar, head of the Finance Ministry’s technical office, said that a smart card system for subsidizing petroleum substances would…
Mansour raises budget of the Armed Forces General Services Authority by LE 517 million
Business
December 8, 2013
Mansour raises budget of the Armed Forces General Services Authority by LE 517 million
Interim President Adly Mansour issued a decree increasing the credit balance granted to the Armed Forces General Services Authority at…
US federal government shuts down for first time in 17 years
World
October 1, 2013
US federal government shuts down for first time in 17 years
The United States federal government shut down for the first time in 17 years on Tuesday, as Congress failed to…
IMF to review Egyptian budget before resuming loan talks
Egypt
January 19, 2013
IMF to review Egyptian budget before resuming loan talks
The IMF's director for the Middle East and North Africa, Masood Ahmed, said Saturday that the fund is reviewing Egypt's…
Agency: Egypt budget deficit expected to widen to LE200 bn
Business
December 31, 2012
Agency: Egypt budget deficit expected to widen to LE200 bn
Egypt's budget deficit in the year to end-June 2013 could widen by 50 percent from the original forecast made in…
At Imbaba clinic, kindness holds underfunded health system together
Egypt
November 13, 2012
At Imbaba clinic, kindness holds underfunded health system together
The doctors are on strike, but the patients haven’t noticed. In Tanash primary care unit, in Warraq, north of…
Presidency: Morsy seeking investments to create jobs
Business
October 22, 2012
Presidency: Morsy seeking investments to create jobs
President Mohamed Morsy is seeking to attract foreign investments to bolster the economy and create job opportunities, presidential spokesperson Yasser…
Finance minister says budget deficit is LE170 billion
Business
October 3, 2012
Finance minister says budget deficit is LE170 billion
Finance Minister Momtaz al-Saeed said Wednesday that the budget deficit is currently LE170 billion, which is higher than the LE135…
Presidency: Domestic, foreign debt expenses LE130 bn
Business
September 23, 2012
Presidency: Domestic, foreign debt expenses LE130 bn
Egypt’s foreign and internal debt services have accumulated over the past decades and now exceed LE130 billion, presidential spokesperson Yasser…
New budget ‘represents the past,’ says former Finance Minister
Business
July 3, 2012
New budget ‘represents the past,’ says former Finance Minister
Samir Radwan, the former Finance Minister, said that the current state budget “represents the past” and that it “would not…