Fiscal year

Egypt will avoid raising loans except for pressing developmental needs: Planning Minister

Wed, 07 Jun 2023 - 11:35 GMT

Egypt will not take out new loans unless they are on soft terms and only for pressing developmental needs, the minister said.

Egyptian president raises amount of tax-exempted annual income to LE36K

Sun, 19 Mar 2023 - 05:13 GMT

The decree came out during a meeting the president held Sunday to discuss the FY2023/2024 draft budget.

Egypt's imports from US witnesses remarkable increase in 2022: CAPMAS

Tue, 31 Jan 2023 - 12:35 GMT

Egyptian imports from the United States of America witnessed a remarkable increase during the first 10 months of last year 2022, according to data from the Central Agency for Public Mobilization and Statistics.

LE 1bln allocated to raising internet efficiency, connectivity networks in Egypt in FY 2022/2023

Tue, 04 Oct 2022 - 07:39 GMT

Egypt's investment plan into the communications and information technology sector during the fiscal year 2022/2023 aims to raise the efficiency of the use of the Internet and connectivity networks for the state’s administrative apparatus at a value of one billion pounds, according to a government report by the Ministry of Planning.

Volume of private secor investments expected to hit LE 300 bln in Egypt's new fiscal year

Mon, 19 Sep 2022 - 06:46 GMT

The volume of private sector investments is expected to reach about 300 billion pounds during the new fiscal year.

Egypt's gov't aims to enhance transparency, governance during FY 22/23

Tue, 16 Aug 2022 - 10:52 GMT

This will be through developing a transparent system that responds and interacts with the citizens and is subject to societal accountability, while setting clear rules to prevent and reduce corruption.

Egypt’s president orders raising minimum wage to LE 2,400, raising pensions by 13%

Mon, 15 Mar 2021 - 05:24 GMT

The wage increases for the employees working at the administrative body of the state will cost the state around LE 37 billion in total and the pensions increase will cost the state around LE 31 billion, a presidential statement read.

Egypt's central bank, EGX announces 2-day holiday on occasion of June 30 revolution

Sun, 28 Jun 2020 - 04:08 GMT

Egypt’s fiscal year starts on July 1 and ends on June 30 of the next year.

Proposed investment budget for coming fiscal year upped to LE 230

Thu, 07 May 2020 - 09:44 GMT

Prime Minister Moustafa Madbouli said the government upped the proposed investment budget for the coming fiscal year to LE 230 billion against LE 150 billion in the current fiscal year.

Egypt develops exceptional plan for fiscal year 2020/21, says minister

Sat, 02 May 2020 - 02:38 GMT

Minister of Planning Hala el Saeed said Saturday that the fiscal year 2020/2021 plan was developed to be exceptional, unlike the previous two medium term sustainable development plans.

Egypt achieves highest economic growth in 10 years

Thu, 02 Aug 2018 - 09:23 GMT

Investment and exports make up 74 percent of that growth.

A look at 2016/2017 Budget in Parliament

Mon, 04 Jun 2018 - 04:39 GMT

Egypt Today breaks down the initial aims of the budget, the final report and what the microeconomic indicators mean for Egypt’s economy.

State IPO program to generate revenues of LE 10B in 2018/19

Sat, 14 Apr 2018 - 01:18 GMT

The program is expected to add LE 10 billion to state coffers in the new fiscal year 2018/19.

Egypt aims to trim budget deficit to 6.2% in 2019/20

Sat, 14 Apr 2018 - 11:07 GMT

Egypt targets a budget deficit of 8.4 percent of GDP in the new budget of fiscal year 2018/19.

Gov’t investments to rise by 46% in FY 2018/2019: Planning Ministry

Mon, 02 Apr 2018 - 10:24 GMT

The Egyptian investment plan of the fiscal year 2018/2019 targets a gross domestic product (GDP) of 5.8 percent, according to the Ministry of Planning.

Egypt Aluminum’s net profits soar in Q1 of FY 2017/18

Sun, 29 Oct 2017 - 05:06 GMT

The company’s sales registered LE 3.1 billion between July and September, compared to LE 1.5 billion in the corresponding period last year.

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.

Top 5 rumors the government denied this week

Wed, 18 Oct 2017 - 03:06 GMT

The Information Center of the Cabinet of Ministers denied on Wednesday rumors about controversial issues that were spreading from October 15 to October 18.

Planning Minister expects growth not less 4 pct for 2016/17

Sun, 16 Jul 2017 - 01:02 GMT

Minister of Planning Hala el Saeed said Saturday economic indicators for the first nine months of 2016/2017 fiscal year were positive.

Parliament approves budget law for upcoming financial year

Tue, 04 Jul 2017 - 05:33 GMT

The House of Representatives approved draft laws for the state’s economic and social strategy and the draft budget for the fiscal year 2017/18 on Tuesday.

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