state budget

Govt to reduce petroleum subsidies
Business

Govt to reduce petroleum subsidies

The Petroleum and Solidarity and Social Justice ministries are scheduled to begin reducing petroleum product subsidies in July. The plan…
IMF to discuss Egypt’s budget amendments
Business

IMF to discuss Egypt’s budget amendments

Egypt told the International Monetary Fund (IMF) that it plans to amend the state budget for the new financial year,…
Finance Ministry to allocate LE13.5 bn to EGPC
Business

Finance Ministry to allocate LE13.5 bn to EGPC

The Finance Ministry has earmarked LE13.5 billion for the Egyptian General Petroleum Corporation (EGPC) in the new state budget to…
IMF welcomes Egypt budget reforms, businessmen skeptical
Business

IMF welcomes Egypt budget reforms, businessmen skeptical

The International Monetary Fund (IMF) welcomed the social reforms announced by the Egyptian government as part of the state budget…
No new government jobs for fresh graduates
Business

No new government jobs for fresh graduates

The Finance Ministry on Tuesday announced that the government will not be offering new jobs to fresh university graduates, a…
Egypt’s capital expenditure budget set at LE509 billion
Business

Egypt’s capital expenditure budget set at LE509 billion

Egypt's capital expenditure budget for the fiscal year 2011/2012 has been set at LE509.3, exceeding the budget for 2010/2011 by…
Finance ministry to present budget before end of March
Business

Finance ministry to present budget before end of March

The Finance Ministry has completed the projected state budget for the 2011/2012 fiscal year, and will present it to the…
Global financial crisis delays slashing of Egyptian budget deficit
Business

Global financial crisis delays slashing of Egyptian budget deficit

The international financial crisis will prevent regulatory officials from cutting Egypt's budget deficit to the targeted 3 percent in 2011,…
Minister vows to maintain food, petrol subsidies
Business

Minister vows to maintain food, petrol subsidies

State subsidies on food and petroleum products will not be subject to any decreases, Social Solidarity Minister Ali al-Meselhi announced…
Back to top button