Egypt achieves 2.97% primary surplus in first 9 months of FY2023/24

Tue, 30 Apr 2024 - 10:23 GMT

The total budget deficit amounted to LE 759.19 billion from July to March of the fiscal year 2023/2024, compared to LE 545.73 billion during the same period of the fiscal year 2022/2023.

Finance min. says social protection budget increased to EGP 635.9 bn in FY 2024/25

Thu, 11 Apr 2024 - 07:59 GMT

The move reflects the State's commitment to supporting low-and middle-income families, especially in light of the ongoing economic reforms made by the State, Maait added in a statement released on Thursday.

Egypt aims to reduce debt ratio to 80% by 2027

Sun, 07 Apr 2024 - 01:41 GMT

This includes setting a maximum limit for the government's debt value in all its economic, service, administrative entities, and local authorities.

Salaries allocations to reach LE 573B in FY 2024/25

Thu, 21 Mar 2024 - 02:29 GMT

Salaries allocations in the current fiscal year 2023/2024 amount to LE 470 billion.

Egypt targets LE 1.3T deficit in 2024/25 budget

Tue, 19 Mar 2024 - 07:49 GMT

According to the amount of expenditures and revenues, the expected total deficit would be LE 1.3 trillion.

Egypt's National Dialogue: proposal to incriminate owners of informal enterprises

Wed, 06 Sep 2023 - 03:10 GMT

Economic Expert and Member of Al Masreyin Al Ahrar (The Free Egyptians Party) Mohamed Badra attended Tuesday the National Dialogue's session on public debt and budget deficit putting forward two suggestions.

Egypt's 2023/24 in the spotlight

Sun, 20 Aug 2023 - 03:36 GMT

The new budget was finally approved by the Parliament with estimated value of uses at LE 4.349 trillion.

Egypt's National Dialogue drafts proposals on public debt, state budget

Wed, 16 Aug 2023 - 12:41 GMT

Those were put forward during the public discussions held within the economic axis.

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.

Egypt approves 2023/24 draft budget, reduces growth targets to 4.1%

Thu, 30 Mar 2023 - 02:08 GMT

The minister noted that the new budget estimated the inflation rate at 16 percent.

PM reviews main features of draft budget of FY 2023-2024

Mon, 13 Mar 2023 - 03:41 GMT

The meeting highlighted the importance given by the draft budget to financing social protection programs in line with the directives of President Abdel Fattah El Sisi to ease the burdens of the neediest segments of the society.

Egypt allocates LE493M to health facilities in 3 African states

Thu, 09 Feb 2023 - 01:17 GMT

That is FY2022/2023.

Egypt allocated LE 4.4 bln investments for Red Sea governorate

Thu, 05 Jan 2023 - 11:02 GMT

The Egyptian government has allocated investments for the Red Sea Governorate, according to the 22/23 year plan, at about 4.4 billion pounds, of which 57.6% is funded by the public treasury.

Egypt's general budget achieves primary surplus LE 10.2bln at 0.1% of GDP

Sat, 24 Dec 2022 - 12:53 GMT

The growth came thanks to an increase in budget revenues by 15.6% during the first quarter of the current fiscal year, to reach 258.9 billion pounds, despite the increase in banks by about 19.2% compared to the same period in the last fiscal year.

5 Tips to Save More and Control the Spending Urge

Tue, 22 Nov 2022 - 01:31 GMT

Do you always try to spend less yet wonder where all the money flew out of the sudden? If yes, then this one is for you.

LE 120M allocated for relief sector in budget plan of Egypt's Solidarity Ministry

Tue, 11 Oct 2022 - 07:41 GMT

A total of 120 million pounds were allocated for the relief sector in the budget of the Ministry of Solidarity in Egypt this financial year, according to Minister Nevine al-Kabbaj.

Egypt's gov't allocates LE 711.8 million to the medical sector

Thu, 06 Oct 2022 - 07:32 GMT

The government directed about 711.8 million pounds to the medical sector, with an increase of 56.1 million pounds compared to the allocations of the previous fiscal year.

Egypt's gov't allocates LE 376bln investments to improve services, create job opportunities

Wed, 31 Aug 2022 - 11:08 GMT

According to the budget, a total of 5 billion pounds were allocated to bear the financial burdens resulting from the reduction of electricity prices for the industrial sector.

Budget allocated to Egypt's seaports development in 2014/24 is LE129B

Wed, 17 Aug 2022 - 03:12 GMT

Minister of Transport Kamel al-Wazir made the statement Wednesday.

Egypt's new fiscal year plan aims for involving women in participatin in budget preparation cycle

Mon, 15 Aug 2022 - 11:16 GMT

The Egyptian government's keeness to empower and involve women has been reflected in the financial statement for the new fiscal year 2022/2023, as plans are underway to implement activities to empower girls and women in the poor villages listed in Haya Karima initiative.