Egypt targets growth rate of 5.7% in 2022/23, 6% in 24/25

Wed, 05 Jan 2022 - 12:31 GMT

Maait added that the draft budget for the fiscal year 2022-2023 will witness greater spending on improving people's lives and facilitating decent livelihoods, in implementation of presidential directives.

Govt denies reduced budget allocations for health, education sectors

Sun, 08 Aug 2021 - 02:12 GMT

The IDSC, in a statement Sunday, said it had contacted the Finance Ministry to verify the news.

Agricultural sector is allocated 5.9% of Egypt's public investments in FY2021/2022 budget

Mon, 02 Aug 2021 - 03:17 GMT

That is equivalent to LE 73.8 billion.

Egypt achieves LE 93.1B primary surplus in 2020/21, revenues increases 12%

Thu, 29 Jul 2021 - 04:24 GMT

Maait said in a statement Thursday that state revenues grew at an annual growth rate of 12.2 percent during the last fiscal year, with an increase of LE 119 billion, and expenditures increased by 9 percent.

Egypt succeeded in increasing state revenues by LE 119B: Maait

Sun, 25 Jul 2021 - 06:02 GMT

Maait also noted Expenditures also rose by 9 percent, in addition to achieving a primary surplus in the budget of about 93.1 billion pounds, or 1.4 percent of GDP, while reducing the total deficit from 8 percent to 7.4 percent.

Gov't constitutionally committed to preparing line-item budget - Minister

Sun, 04 Jul 2021 - 04:41 GMT

Addressing the Senate, the minister added that the performance-based budget would be fully implemented within four years.

Sisi ratifies law linking state’s general budget for fiscal year 2021/22

Sun, 04 Jul 2021 - 04:17 GMT

The law was published in the Official Gazette in its Sunday issue.

Egypt to accomplish roads, bridges worth $500M in FY2021/2022

Thu, 17 Jun 2021 - 09:35 GMT

It is noted that roads are one of five main utilities the government is upgrading and expanding across the country.

Egypt's House of Representatives approves 2021/2022 budget

Mon, 14 Jun 2021 - 09:03 GMT

The House of Representatives approved the 2021/2022 budget on Monday with the first chapter of wages and compensation was given an allocation of L.E. 921.9 million.

Health sector budget in 2021/2022 is 16.2% higher than year before

Sun, 13 Jun 2021 - 04:20 GMT

The health sector in 2021/2022 is expected to have a budget 16.27 percent higher than that of the year before, highlighting Egypt’s keenness on improving health conditions for patients and staff.

Egypt targets 5.4% growth in FY2021/2022 in tandem with containing pandemic

Mon, 31 May 2021 - 12:05 GMT

The pandemic is expected to be contained by mid-2021 as a result of discovering vaccines and making them available.

Third of public investments in FY2021/2022 directed to Upper Egypt, border governorates

Mon, 31 May 2021 - 11:26 GMT

Public investments in FY2021/2022 are estimated to hit LE1.2 trillion.

Senate finally Okays FY2021/2022 economic, social development plan

Mon, 31 May 2021 - 10:06 GMT

The upper chamber of parliament gave its final approval on Sunday after over a 4-hour session to debate the bill in the presence of Planning and Economic Development Minister Hala el Saeed.

EGYPT'S 2021/2022 plan “exceptional” due to coronavirus pandemic: Planning Min.

Sun, 30 May 2021 - 04:21 GMT

El-Said pointed out that the Egyptian state adopted the National Program for Economic and Social Reform, which resulted in an escalation of economic growth rates to 5.6 percent in 18/2019 and during the first half of 19/2020.

Improving Egyptian's lives most important goal of Egypt's social, economic plan: Planning Min.

Sun, 30 May 2021 - 04:04 GMT


Ambulance Authority requests LE220M above budget of LE3.5B in 2021/2022

Thu, 27 May 2021 - 10:48 GMT

The parliamentary health committee recommended supporting the Ambulance Authority with an additional L.E.220 million in the 2021/2022 budget in a Wednesday meeting.

"Egypt Aluminum" aims to invest LE 493M during 2021/2022

Tue, 04 May 2021 - 02:15 GMT

The Ordinary General Assembly of Egypt Aluminum Company approved the draft estimated budget for the current activity for the fiscal year 2021-2022, with a net profit of LE 138.39 million.

89% of budget spent on Decent Life initiative's 1 phase goes to Upper Egypt

Sun, 02 May 2021 - 04:45 GMT

The official elaborated that 94 percent of beneficiaries live in Upper Egypt.

Egypt allocates LE2.5B to subsidized drugs, baby formula in FY2021/22

Thu, 29 Apr 2021 - 01:30 GMT

Subsidized drugs include insulin among others.

LE200 Bn allocated for Egypt’s ‘Haya Karima’ in 21/2022 year

Wed, 28 Apr 2021 - 01:21 GMT

Egypt’s sustainable development plan for the fiscal year 2021-2022 has allocated L.E. 200 billion for the social initiative “Haya Karima.”