Surplus

Egypt transforms FY2021/2022 deficit into surplus of $882M in FY2022/2023, CBE

Sun, 08 Oct 2023 - 04:39 GMT

Egypt's tourism sector also reported strong growth, with revenues increasing by an impressive 26.8 percent on a yearly basis in FY2022/2023, soaring to $13.6 billion

Maait underscores Egypt’s positive financial performance, GDP deficit down to 6%

Thu, 10 Aug 2023 - 11:35 GMT

These, and the continuous efforts to mitigate the negative effects of global challenges, demonstrated Egypt's strong management of public finances, Maait said

Egypt oil balance surplus continues for 3rd year exceeding $3B

Sun, 12 Feb 2023 - 02:57 GMT

Molla added during EGYPS 2023 that Egypt's oil exports rose to reach $18.2 billion during 2022.

Egypt achieves surplus in electricity sector, witnesses large investments: Int'l Energy Agency

Mon, 14 Feb 2022 - 02:53 GMT

Birol explained that Egypt was able to achieve a surplus in electricity after the deficit, and increased support and reliance on solar energy, which contributed to attracting a large amount of investments.

Egypt achieves balance of payments surplus of $1.8B within 9 months

Wed, 30 Jun 2021 - 03:08 GMT

CBE confirmed in the balance of payments report issued, Tuesday, that the period from July to March of the fiscal year 2020/2021 witnessed an improvement in the performance of the Egyptian economy’s transactions with the outside world.

Egypt's president urges studying coronavirus global, regional economic repercussions

Sat, 13 Feb 2021 - 09:37 GMT

Egypt’s President Abdel Fattah El Sisi on Saturday urged following up on and studying all the global and regional economic repercussions of the coronavirus pandemic to crystalize the appropriate financial measures.

Minister displays Egypt's economic performance during COVID-19 crisis in IMF, WBG meetings

Sun, 18 Oct 2020 - 12:59 GMT

In one of the 2020 Annual Meetings of the International Monetary Fund and the World Bank Group, Minister of Finance Mohamed Mait displayed figures on the performance of the Egyptian economy during the COVID-19 crisis and plans for the future.

Egypt's total deficit hits LE389.1B in 11 months of 2019/2020

Mon, 20 Jul 2020 - 03:13 GMT

The total deficit during the 11 months ended in May represented 6.5 percent of GDP compared to about 6.2 percent of GDP during the same period in the previous year.

Egypt achieves primary surplus of LE7.1B in Q3

Sat, 12 Oct 2019 - 05:17 GMT

The public debt is already declining; the ratio of government debt to GDP has dropped from 108 percent at the end of June 2017, to 90.2 percent in June 2019.

Authority of Land, Dry Ports achieves surplus of LE129M in 2017/18

Tue, 07 Aug 2018 - 10:08 GMT

The authority executed 93 percent of its investment plan during last fiscal year, with a total of LE 155 million.

Trump team demands China slash U.S. trade surplus, cut tariffs

Sat, 05 May 2018 - 10:08 GMT

The Trump administration has drawn a hard line in trade talks with China, demanding a $200 billion cut in the Chinese trade surplus.

German federal budget surplus could reach 14 bln euros-magazine

Sat, 28 Oct 2017 - 12:52 GMT

Germany could post a budget surplus of 14 billion euros in 2017, a magazine reported Saturday.

BOP marks $11B in surplus in 9 months: Central bank

Wed, 14 Jun 2017 - 05:15 GMT

Egypt’s balance of payments (BOP) registered a surplus $11 billion in first three quarters of the current fiscal year, the central bank said Wednesday.

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