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.”

Egypt achieve primary surplus of LE25.3B during July-March: FinMin to parliament

Sun, 25 Apr 2021 - 03:02 GMT

This came during the Finance Minister's presentation of the financial statement on the draft state budget for the fiscal year 2021/2022, before the plenary session of the House of Representatives, on Sunday, headed by Counselor Hanafy Gabali.