deficit

Deficit expected to swell with new budget
Business

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

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

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

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

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

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

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

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

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

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…
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