Fiscal year

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.

Parliament to discuss new budget Monday

Mon, 03 Jul 2017 - 11:56 GMT

The Parliament’s general session will discuss draft laws of the state’s economic and social strategy and draft budget for fiscal year 2017/18.

GARBLT demands Extra LE 500M for new roads

Wed, 07 Jun 2017 - 01:33 GMT

The roads authority had already spent LE 8.5 billion this year.

Government targets 9.1% deficit in next fiscal year

Wed, 31 May 2017 - 08:00 GMT

The government is targeting a budget deficit of 9.1 percent of GDP in FY2017/18.

Petroleum Ministry revenues to rise by LE 4.2B in FY2017/18

Wed, 24 May 2017 - 12:24 GMT

Petroleum Ministry revenues expected to record a L.E 4.2 billion ($232.36 million) increase to LE 9.1 billion.

Renaissance Capital holds 2nd annual Egypt Investor Conference in Cape Town

Mon, 24 Apr 2017 - 11:32 GMT

Renaissance Capital’s second annual Egypt Investor Conference kicked off Monday in Cape Town, South Africa, on April 24-25, the leading investment bank stated on Sunday

Egypt’s cabinet approves 2017/18 budget

Wed, 29 Mar 2017 - 01:40 GMT

The Egyptian cabinet approved the new budget for the 2017/18 fiscal year (to start July 1) on Wednesday.