deficit
Deficit expected to swell with new budget
Business
May 10, 2012
Deficit expected to swell with new budget
Prime Minister Kamal al-Ganzouri will hold a ministerial meeting on Saturday to discuss the budget for the coming fiscal…
Plan to save economy underway, says cabinet
Business
March 14, 2012
Plan to save economy underway, says cabinet
The cabinet is implementing a quick and comprehensive plan to revamp the economy and tame the budget deficit, the foreign…
PM: Donors say they want IMF accord first
Business
February 8, 2012
PM: Donors say they want IMF accord first
International donors have made any financial support they provide to Egypt contingent on Cairo first reaching agreement on a financing…
Deficit in new budget exceeds LE140 bln
Business
February 7, 2012
Deficit in new budget exceeds LE140 bln
The total amount of resources in the new budget is estimated at LE350 billion and the deficit stands at LE141…
Abouelnaga: Egypt will negotiate swifter Arab financial aid ‘with dignity’
Egypt
January 29, 2012
Abouelnaga: Egypt will negotiate swifter Arab financial aid ‘with dignity’
Egypt will negotiate expediting the payment of financial aid Gulf countries pledged to Egypt following the 25 January revolution with…
IMF has put no conditions on loan to Egypt, says minister
Egypt
January 16, 2012
IMF has put no conditions on loan to Egypt, says minister
Fayza Abouelnaga, Egypt’s Minister of Planning and International Cooperation, said on Monday that the cabinet has started negotiations with the…
Government divided over IMF loan
Business
January 3, 2012
Government divided over IMF loan
Government officials have issued conflicting statements regarding the economic reform program that was designed in return for a loan of…
Egypt to keep 2011/12 deficit on target, says finance minister
Business
January 3, 2012
Egypt to keep 2011/12 deficit on target, says finance minister
Egypt will maintain its budget deficit at 8.6 percent of output for this financial year, its finance minister said on…
PM discusses elections, budget deficit with military council
Egypt
December 24, 2011
PM discusses elections, budget deficit with military council
Prime Minister Kamal al-Ganzouri met with members of the Supreme Council of the Armed Forces (SCAF) on Saturday to discuss…
Government to reduce spending in bid to offset budget deficit
Business
December 19, 2011
Government to reduce spending in bid to offset budget deficit
A Finance Ministry official has said that the government plans to reduce its spending in order to offset the state…