budget deficit
IMF postpones loan talks, again
Egypt
February 7, 2013
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
January 13, 2013
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
January 8, 2013
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
December 31, 2012
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
December 27, 2012
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
December 23, 2012
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
December 13, 2012
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
December 3, 2012
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
November 29, 2012
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
November 24, 2012
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…