state budget deficit

Finance Ministry offers LE5.5 bn in treasury bills
Business

Finance Ministry offers LE5.5 bn in treasury bills

The Finance Ministry announced an offering of treasury bills worth LE5.5 billion Sunday, in the government's newest move to abate…
Faced with Microsoft’s cost, government looks to open-source software
Business

Faced with Microsoft’s cost, government looks to open-source software

As the government struggles to make ends meet, figures both in and outside the government are saying the country could…
Lifting subsidies, without impoverishing the people
Business

Lifting subsidies, without impoverishing the people

As the Egyptian government comes to terms with its dwindling funds and struggles to navigate a worsening financial crisis, the…
FJP leader: No disagreements with govt on IMF loan
Business

FJP leader: No disagreements with govt on IMF loan

There are no disagreements over the proposed IMF loan between the Freedom and Justice Party and the government, the head…
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…
Finance minister: Budget deficit at 9.4% of GDP in 2011/12
Business

Finance minister: Budget deficit at 9.4% of GDP in 2011/12

Egypt's state budget deficit, bloated after political turmoil rocked the economy, is forecast to widen to 9.38 percent of gross…
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