The Ministry of Finance announced a considerable decrease in total revenues and grants as a result of a 92 percent drop in non-tax revenue.
In an official statement issued yesterday, the ministry said the aforementioned revenue totaled LE1.4 billion compared to LE17 billion from June to December of last year.
Stock profits from the Suez Canal Authority and the Egyptian General Petroleum Corporation and other sources dropped by 34 percent, reaching LE19.1 billion compared to LE29 billion from July 2009 to February 2009.
