State Budget
The country’s GDP was recorded at LE 2.14 trillion, up from LE 2.09 trillion in FY2022/2023, according to the report
Egypt is embarking on the fiscal year 2024/25, the government has prepared an ambitious budget exceeding LE 5.5 trillion, marking a significant increase from the previous year's LE 3.4 trillion.
The total budget for the upcoming fiscal year is currently at approximately LE 5.5 trillion, a significant increase from the current fiscal year’s budget of about LE 3.4 trillion
Minister of Finance, Mohamed Maait, revealed the cap back in March, noting that it aimed to create more opportunities for the private sector to participate in the economy
Maait explained that the new budget focuses on balancing between mitigating inflationary pressures experienced by citizens, meeting developmental needs, and maintaining financial discipline
These discussions took place during an open dialogue on the upcoming budget for FY2024/2025, which is set to commence on July 1st
The ministry will submit a Tax Policy Strategy for Egypt 2024/2030 document to the National Dialogue.
According to the decision, there is a postponement in working on new projects, in addition to a prohibition on entering into any new contracts
This statement comes as part of President El Sisi's directives to boost public spending and enhance the well-being of Egyptian citizens, with a focus on sustainable initiatives to improve their standard of living
Minister of Planning, Hala El-Said, met with ministry officials on Tuesday to evaluate the FY2023/2024 plan and achievements, project completion rates, and other key indicators under MPED’s purview
Egypt’s debt-to-GDP ratio hit 95.6 percent in FY2022/2023, with the GDP recording LE 9.8 trillion ($318,23 billion)
President Abdel Fattah El Sisi has ordered continuing work to achieve the financial discipline of the State budget while taking all measures to ensure maintaining the State's safe financial and economic track.
Finance Minister Mohamed Maeit said the State's general budget repaid EGP 288 billion to the National Organization For Social Insurance (NOSI) in 21 months upon directives of President Abdel Fattah El Sisi to settle the financial entanglement with the organization.
The State's budget of the fiscal year 2019/2020 increased the scholarship’s share up to LE 3.8 billion
The new regional ring road spares the state budget around 900 million annually: Hisham Arafat
The budget expenditure was LE 1.207 trillion, while the revenues were set at LE 852.34 billion.
State budget draft for FY2017/18 allocates over LE 68 billion for higher education and LE3 5 billion for scientific research.
