Finance Minister Youssef Boutros-Ghali

Minister: Government to introduce cash-or-commodities subsidy system
Business

Minister: Government to introduce cash-or-commodities subsidy system

The government plans to introduce a new system for state subsidies by which citizens can choose between receiving subsidized commodities…
End near for NIB, hints Boutros-Ghali
Business

End near for NIB, hints Boutros-Ghali

The National Investment Bank (NIB) will "not be around much longer," according to Egyptian Finance Minister Youssef Boutros-Ghali.The minister's curt…
Finance Minister: No need to raise fuel prices
Business

Finance Minister: No need to raise fuel prices

Total proceeds from income and sales taxes reached LE148 billion during the fiscal year 2009/10, according to Finance Minister Youssef…
18 million more Egyptians to benefit from social insurance
Business

18 million more Egyptians to benefit from social insurance

The Ministry of Finance will expand the scope of social insurance to include an additional 18 million citizens and their…
Pension increases to be disbursed Thursday
Business

Pension increases to be disbursed Thursday

Finance Minister Youssef Boutros-Ghali confirmed that the government would begin disbursing approved pension increases to approximately 3.7 million citizens, who…
Finance minister ignoring farmer problems, say MPs
Egypt

Finance minister ignoring farmer problems, say MPs

Members from the People's Assembly's Agriculture Committee have severely criticized Finance Minister Youssef Boutros-Ghali for not attending a committee meeting…
Govt raises social expenditure by 29%
Business

Govt raises social expenditure by 29%

The government has increased allocations to social services in the new fiscal year to LE213.2 billion, Minister of Finance Youssef…
Finance minister agrees to raise pensions
Egypt

Finance minister agrees to raise pensions

At meeting of parliament's manpower committee on Sunday, Finance Minister Youssef Boutros-Ghali agreed to raise pensions from 15 to 22…
MPs, experts challenge draft 2010/11 budget
Business

MPs, experts challenge draft 2010/11 budget

On 3 May, Egypt's Shura Council gave its tentative approval to a draft of the 2010/2011 state budget. Critics, however, say…
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