Egypt spends $400B on infrastructure to lure investments

Tue, 01 Nov 2022 - 03:50 GMT

The minister's remarks were made during her meeting with a delegation of the Qatar Businessmen Association (QBA), chaired by Sheikh Faisal bin Qassim Al Thani in the presence of Head of the Federation of Egyptian Industries (FEI) Mohamed El Sweidi.

Egypt spending on improving quality of citizens' life exceeds LE6T

Mon, 28 Feb 2022 - 04:19 GMT

She explained that the national project (Haya Karima), which targets more than $50 billion over 3 years, is the largest development project in the world.

Finance min.: FY 2022/23 to see more spending on development investments

Wed, 02 Feb 2022 - 04:06 GMT

Maait pointed out that the government aims to reduce the debt-to-GDP ratio to less than 90 percent in June, and to less than 85 percent over the next three years, the finance ministry said in a press release.

Egypt denies decline in spending on health, education sectors

Tue, 02 Nov 2021 - 11:26 GMT

The Media Center of the cabinet contacted the Ministry of Finance, which denied the news, stressing that it’s not true that the government declined it’s pending on the health and education sectors.

Finance min.: Gov't targets increasing spending on health, education, social development

Fri, 16 Apr 2021 - 01:02 GMT

Speaking during the 2021 World Bank Group/IMF Spring Meetings held via video conference, Maait said Egypt is going ahead with the anti-coronavirus measures via meeting the requirements of the health sector, as well as backing the economic sectors and the most affected social strata.

Egypt’s spending on health, education jump 82% in 5 yrs

Tue, 24 Dec 2019 - 10:41 GMT

That spending on food subsidies rose to LE 87 billion, compared to LE 39.4 billion during the five-year period.

et App Review: Spending Tracker

Sat, 20 Jan 2018 - 05:18 GMT

A spending tracker that works, but needs a bit of UX.

U.S. construction spending rises in September, but August revised lower

Wed, 01 Nov 2017 - 03:53 GMT

U.S. construction spending unexpectedly rose in September as a surge in public construction outlays offset the third straight monthly decline in investment.

U.S. fiscal year deficit widens to $666 billion

Sat, 21 Oct 2017 - 03:34 GMT

The U.S. budget deficit widened to $666 billion for the fiscal year 2017 as record spending more than offset record receipts.

Algeria plans to increase budget spending by 25 pct in 2018

Thu, 05 Oct 2017 - 11:42 GMT

Algeria plans to increase state spending by 25 percent in 2018 despite growing financial pressure caused by a fall in energy earnings.

Saudi budget deficit shrinks from year ago due to higher oil prices

Sun, 13 Aug 2017 - 12:05 GMT

The deficit dropped to 46.5 billion riyals ($12.4 billion) in the April-June period from about 58.4 billion riyals a year earlier.