budget deficit

IMF postpones loan talks, again
Egypt

IMF postpones loan talks, again

The International Monetary Fund has once again postponed negotations on a long-awaited US$4.8 billion loan to Egypt, said a government…
In promised dialogue on tax laws, serious discord
Business

In promised dialogue on tax laws, serious discord

    A government-sponsored dialogue on Egypt’s controversial tax law changes turned into an airing of grievances by political party…
Lagarde: Egypt must endorse IMF loan deal as its own
Business

Lagarde: Egypt must endorse IMF loan deal as its own

Egypt's government must endorse a US$4.8 billion IMF loan agreement and propose it to the Egyptian people as its own…
Agency: Egypt budget deficit expected to widen to LE200 bn
Business

Agency: Egypt budget deficit expected to widen to LE200 bn

Egypt's budget deficit in the year to end-June 2013 could widen by 50 percent from the original forecast made in…
Egypt’s economy will face tougher hurdles in 2013
Business

Egypt’s economy will face tougher hurdles in 2013

Talk of economic recovery has all but gone silent in Egypt, replaced by doomsday predictions about the depths to which…
Finance Ministry: Deficit climbed to US$13 bn in last five months
Business

Finance Ministry: Deficit climbed to US$13 bn in last five months

The state budget deficit climbed to LE80.7 billion (US$13.1 billion) in the first five months of the 2012/2013 fiscal year,…
World Bank promises Egypt US$1 billion loan
Egypt

World Bank promises Egypt US$1 billion loan

The World Bank plans to support Egypt’s economic reform plan with a US$1 billion loan to create new programs to…
Finance Ministry: LE500 million sold in bonds
Business

Finance Ministry: LE500 million sold in bonds

The Finance Ministry has sold LE500 million in 3-year treasury bonds (due to mature on 9 October 2015), it announced…
Egypt’s economic reform plan: Revolutionary social justice, or more of the same?
Business

Egypt’s economic reform plan: Revolutionary social justice, or more of the same?

The details of a 10-year economic reform plan that officials say aims to make Egypt “a free and democratic civil…
Budget deficit increases to LE 69.6 billion from July-October
Egypt

Budget deficit increases to LE 69.6 billion from July-October

Egypt’s total budget deficit jumped to LE 69.6 billion, or about 3.9 percent of the country’s GDP, during the July-October…
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