budget
SCAF endorses budget, says finance minister
Egypt
July 1, 2012
SCAF endorses budget, says finance minister
Finance Minister Momtaz al-Saeed has said that the Supreme Council of the Armed Forces has endorsed the state budget for…
Minister announces plan to double GDP in 10 years
Business
June 4, 2012
Minister announces plan to double GDP in 10 years
The government has devised a pilot plan that aims to double the GDP in 10 years and reduce the unemployment…
New budget sets 4% growth target
Business
May 14, 2012
New budget sets 4% growth target
The government aims to achieve a growth rate of between 4 and 4.5 percent during the 2012/2013 fiscal year, said…
Deficit expected to swell with new budget
Business
May 10, 2012
Deficit expected to swell with new budget
Prime Minister Kamal al-Ganzouri will hold a ministerial meeting on Saturday to discuss the budget for the coming fiscal…
New budget would boost spending by 15 percent
Business
May 9, 2012
New budget would boost spending by 15 percent
The Finance Ministry has submitted a draft budget to the cabinet that would increase spending by 15 percent in the…
Government special funds have LE36.2 billion, says minister
Egypt
April 4, 2012
Government special funds have LE36.2 billion, says minister
At a press conference after a cabinet meeting Wednesday, Minister of Planning and International Cooperation Fayza Abouelnaga said that an…
IMF loan faces political hurdles
Business
March 25, 2012
IMF loan faces political hurdles
Negotiations between the government and the International Monetary Fund over a US$3.2 billion loan were adversely affected by the position…
Advocacy group rejects government’s IMF-pleasing reform plan
Business
March 22, 2012
Advocacy group rejects government’s IMF-pleasing reform plan
A coalition of economists, activists and academics are condemning the government’s economic reform plan put forward by the Ministry of…
Parliament calls for incorporation of private funds in state budget
Business
March 19, 2012
Parliament calls for incorporation of private funds in state budget
A report issued on Monday by the People’s Assembly Budget and Planning Committee called for incorporating private funds into the…
Finance Ministry withdraws LE1.3 billion from budget reserve
Business
March 18, 2012
Finance Ministry withdraws LE1.3 billion from budget reserve
The Finance Ministry has decided to increase state budget allocations for the current fiscal year with LE1.3 billion from the…