Finance Ministry

Brotherhood begins work on ‘parallel’ state budget
Egypt

Brotherhood begins work on ‘parallel’ state budget

Finance Minister Momtaz al-Saeed has said that the ministry has yet to prepare a draft state budget for next fiscal year (2012-2013),…
Finance Ministry to offer LE2.5 bn in reopened bonds
Business

Finance Ministry to offer LE2.5 bn in reopened bonds

The Finance Ministry will offer LE2.5 billion (US$414.1 million) in reopened bonds at an auction on 23 April, the Central…
Tax authority workers protest to push out general’s wife
Egypt

Tax authority workers protest to push out general’s wife

Egyptian Tax Authority employees from several governorates continued on Wedensday to protest outside the authority’s main office in Cairo demanding…
ElBaradei rejects reconciliation with Mubarak regime figures
Egypt

ElBaradei rejects reconciliation with Mubarak regime figures

Mohamed ElBaradei on Friday refused the finance minister's recent suggestion that the government may consider financial reconciliation with former members…
Plan to save economy underway, says cabinet
Business

Plan to save economy underway, says cabinet

The cabinet is implementing a quick and comprehensive plan to revamp the economy and tame the budget deficit, the foreign…
Mubarak-era figures offer to trade wealth for settlement
Egypt

Mubarak-era figures offer to trade wealth for settlement

Finance Minister Momtaz al-Saeed said on Tuesday that some former regime officials currently detained in Tora Prison offered to relinquish…
Egypt says deficit not to exceed LE144 bn
Business

Egypt says deficit not to exceed LE144 bn

Egypt's finance minister denied a report published on Monday that the government had raised its budget deficit forecast for this…
Elections, employee bonuses raise budget deficit
Business

Elections, employee bonuses raise budget deficit

The Finance Ministry expects the state budget deficit for the fiscal year 2011/2012 to rise to LE150 billion because of…
Government to officially sign IMF loan agreement in March
Business

Government to officially sign IMF loan agreement in March

The government has officially agreed to sign a deal with the International Monetary Fund for a loan worth US$3.2 billion…
Egypt pursues fugitive finance minister
Egypt

Egypt pursues fugitive finance minister

The Egyptian foreign minister requested that his British counterpart extradite former Egyptian Finance Minister Youssef Boutros-Ghali, who fled to London…
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