budget deficit
Egypt’s debt burden spurs Muslim Brotherhood call for austerity
Business
July 5, 2011
Egypt’s debt burden spurs Muslim Brotherhood call for austerity
Egypt’s Muslim Brotherhood is campaigning for September’s parliamentary elections on a platform to trim the country’s budget deficit. The group,…
Ministry examines how to finance budget
Business
July 3, 2011
Ministry examines how to finance budget
Officials from the Finance Ministry held meetings over the past two days to examine ways of financing the state budget…
IMF places US$3bn at disposal of Egypt
Business
July 2, 2011
IMF places US$3bn at disposal of Egypt
The International Monetary Fund (IMF) has placed US$3 billion at the disposal of Egypt to use whenever it wishes, even…
Egypt debt weighs heavily on already-burdened budget
Business
May 12, 2011
Egypt debt weighs heavily on already-burdened budget
When President Hosni Mubarak resigned on 11 February, he left behind a troubled economy. One of his more potent economic…
Egypt trims 2009/10 budget deficit to 8.1 pct/GDP
Business
October 29, 2010
Egypt trims 2009/10 budget deficit to 8.1 pct/GDP
Egypt's budget deficit in the fiscal year to June 2010 was narrower than first thought at 8.1 percent of gross…
Cigarettes, cement taxes to finance LE7.8 increase in public expenditure, govt says
Business
June 12, 2010
Cigarettes, cement taxes to finance LE7.8 increase in public expenditure, govt says
The Finance Ministry has announced a plan to pay for approximately LE8.7 billion increases in public expenditure starting July.Taxes on…
Egypt backs subsidy increase, budget impact neutral
Business
May 26, 2010
Egypt backs subsidy increase, budget impact neutral
Egypt will spend an additional 32 billion Egyptian pounds on subsidies in 2010/11, but the increase will not affect the…
General strike hits indebted Greece over new cuts
World
May 5, 2010
General strike hits indebted Greece over new cuts
Athens--Clashes have broken out in Athens and the northern city of Thessaloniki, as tens of thousands of Greeks demonstrate against…
NDP official: Subsidy increase imprudent
Business
April 26, 2010
NDP official: Subsidy increase imprudent
A ruling party official warned against increasing subsidies for petroleum products because of the repercussions for the state budget deficit.…
Finance: Budget deficit at LE57.5 billion
Business
February 2, 2010
Finance: Budget deficit at LE57.5 billion
According to a Finance Ministry report issued Monday covering the first half of the 2009/2010 fiscal year, total government expenditure…