Revenues
Rabie added that the canal’s revenues during the first eight months of 2020 hit $3.3 billion, through crossing 11,250 ships, with a total net tonnage of 693 million tons.
This expectation is also implied on large net tourism exporters, such as Costa Rica, Greece, Morocco, New Zealand, Portugal, Spain, Sri Lanka, Thailand, and Turkey.
Ma’it added during a TV interview that the government had not received fees for 3 months for airline tickets or departure of foreigners.
Egypt’s budget for fiscal year 2020/2021 will be affected by COVID-19 pandemic especially with regard to revenues and growth rates, as well as an increase in the item of expenses.
Rabea added in a statement that traffic in the canal has not been affected by the outbreak of COVID-19 (coronavirus) pandemic.
CBE clarified that the total tourism revenues jumped 67 percent to reach $13.03 billion in 2019, compared to $7.8 billion in 2017, $2.5 billion in 2016 and $6.1 billion in 2015.
Egypt's total tourism revenues recorded $16.4 billion in 2019 and are expected to shoot up to $29.7 billion within the coming 5 years.
Mai’t added in a press conference that Egypt achieved a primary surplus of LE 30 billion (0.5 percent) during the first half of 2019/2020.
The invoice guarantees getting a good product from a known supplier, Hassan said, noting that it is a primary evidence for recipient to claim are subject to return policy.
The revenues came below the targeted figure by LE 32 million, according to the General Assembly that approved the financial statements of the company.
Chairman of the Suez Canal Economic Zone (SCZone) Mohab Mamish said the SCZone achieved the highest revenues for the second successive year.
The Suez Canal Authority targets revenues worth $6.1 billion in FY2019-2020 against $5.8 billion in the current fiscal year.
The total value of the vehicles and spare parts shipments, cleared from the customs, was estimated at LE 658.69 million.
Egypt is expected to collect LE 5.65 billion as revenues from taxes and fees on cars during current fiscal year which stated in July 2018 and ends in June 2019.
Egypt’s revenues from selling goods and services increased 61.2 percent during the first nine months on a year on year basis, according to Ministry of Finance data.
Tax revenues reached LE 468.4 billion by the end of March, representing 78.2 percent of total revenues, compared to LE 403.2 billion during the same period in 2017/2018.
Sales excluding revenue from consolidated businesses grew 39 percent year-on-year.
The company added that the consolidated revenues hit LE 6.1 billion, marking an increase of 27 percent in a year-on-year basis.
Egypt's revenues from tourism during the first half of the current fiscal year increased 36.4 percent compared to the same period last year.
This was announced at the company’s general assembly meeting, under Petroleum Minister Tarek el Molla, to endorse the performance report for 2018.
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