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.

Egypt achieved primary surplus of LE98.5B in FY 2021-22: Finance min.

Thu, 07 Jul 2022 - 03:09 GMT

The minister's remarks were made during a Cabinet meeting held Thursday under Prime Minister Moustafa Madbouli.

Egypt's budget deficit falls to 6.1% of GDP in 2021/22

Mon, 04 Jul 2022 - 04:21 GMT

The value of the debt service bill decreased to 32.8 percent in the last fiscal year, compared to 35.8 percent in the previous fiscal year, the data revealed.

Egypt's expenditures increased by 11.2% in 11 months

Mon, 27 Jun 2022 - 05:59 GMT

Spending on subsidies, grants and social benefits rose by about LE 33.2 billion to reach LE 264.8 billion within 11 months, and spending on subsidizing food commodities increased by LE 12.7 billion to reach LE 83 billion during the period of the study.

Egypt allocates 458 bn to implement national human rights strategy this year

Thu, 23 Jun 2022 - 12:45 GMT

More than 446 billion pounds has been allocated to economic, social and cultural rights

Budget of new fiscal year exceeds LE 3T: Finance min.

Sun, 19 Jun 2022 - 01:30 GMT

The budget reflects boosting social protection for the more damaged sector to contribute to decreasing the negative effects of war in Europe so that the state shoulder the biggest burden from the citizens, he said.

Sisi approves final account of state budget for FY 2020-21

Thu, 02 Jun 2022 - 06:53 GMT

As per the law, passed by the House of Representatives, public expenditures for the FY 2020-21 stood at approximately LE 1.6 trillion while the state's revenues hit nearly LE 1.1 trillion

Value of 'Decent Life' initiative rises to LE1T, completion date pushed to 2025

Wed, 01 Jun 2022 - 02:00 GMT

The official pointed out that the pilot phase – implemented in 2019 - targeted the poorest 375 villages.

IDSC: reducing debt, increasing revenues most important features of Egypt's 22/23 budget

Mon, 23 May 2022 - 05:12 GMT

The IDSC added that the next year's budget targets LE 2 trillion in expenditures.