The state’s general budget for the new fiscal year 2023/2024 is about LE 4.3 trillion, compared to LE 3.066 trillion in the current year 2022/2023.
The new allocation will be divided as follows: LE 10 billion for wages and compensations, LE 85 billion for interests, LE 70 billion for subsidies.
The preliminary financial statement will be issued in the third quarter of the current fiscal year 2019-2020, the Finance Ministry said in a statement Sunday.
Losses of state-owned broadcasting station, Maspero, reached 5.863 billion EGP ($323 million) in the draft budget of fiscal year (FY).
The Egyptian general budget for the fiscal year 2016/2017 surpassed 1 trillion EGP for the first time, compared to EGP 975 billion for the current fiscal year