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Suez Canal breaks records, transfers LE 74B to state treasury

Sun, Jun. 9, 2019
CAIRO - 8 June 2019: The Finance Ministry said Saturday the Suez Canal Authority has provided the state treasury with LE 74 billion in the 2018/2019 fiscal year.

The figure is historically the highest, the ministry added in a statement.

It does not include operating and maintenance expenses, financing investment plans, expansions and many projects serving the national economy, the statement read.

The total revenues have recorded a remarkable increase, reaching LE 104.2 billion in the 2018/2019 fiscal year, compared to LE 74.2 billion two years ago, with a growth rate of 40.4 percent.
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