Ministry of Finance

Ministry of Finance: Total budget deficit at LE239.9bn
Business

Ministry of Finance: Total budget deficit at LE239.9bn

Egypt's total budget deficit hit LE239.9 billion during fiscal year 2012-2013, representing 13.8 percent of the country's GDP, according to…
Government to allocate LE473.2 million to Egyptian farmers
Egypt

Government to allocate LE473.2 million to Egyptian farmers

The state’s treasury has supported farmers with more than LE1 billion over the past two fiscal years, according to a…
Finance Minister: Less than LE100 million of illegal funds reclaimed
Egypt

Finance Minister: Less than LE100 million of illegal funds reclaimed

Finance Minister Morsy Hegazy said Wednesday that Egypt has reclaimed less than LE100 million in illegal funds from officials either…
SCAF endorses budget, says finance minister
Egypt

SCAF endorses budget, says finance minister

Finance Minister Momtaz al-Saeed has said that the Supreme Council of the Armed Forces has endorsed the state budget for…
Govt to unveil austerity plan targeting budget deficit
Egypt

Govt to unveil austerity plan targeting budget deficit

The Egyptian government will announce within days details of its austerity plan to target a LE20 billion spending cut, a…
Egypt is facing financial crisis, says finance minister
Business

Egypt is facing financial crisis, says finance minister

Egypt is facing a financial crisis that only foreign funding could help alleviate in the short term, Minister of Finance…
Egypt in the dark about budget
Egypt

Egypt in the dark about budget

Delays in revealing the details of the government’s budget have raised questions regarding the country’s economic policy and direction. On…
Ministry of Finance: State budget was not amended
Business

Ministry of Finance: State budget was not amended

Sources at the Ministry of Finance said the Supreme Council of the Armed Forces did not amend any provisions of…
Finance Ministry mulls joining special govt funds to state budget
Business

Finance Ministry mulls joining special govt funds to state budget

Egypt’s Ministry of Finance is considering integrating special government funds into the state budget to secure extra financial resources and…
Finance ministry policies against people’s will, says rights group
Business

Finance ministry policies against people’s will, says rights group

Budgetary and Human Rights Observatory (BAHRO) criticized the media campaign which says that Egypt's economy is at stake and that…
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