Finance Ministry: Budget deficit hits over EGP 191bn in 7 months
Finance Ministry: Budget deficit hits over EGP 191bn in 7 months
Cairo - MENA
The budget deficit has hit 191.6 billion pounds in the period from July 2015 to January 2016, the Egyptian Finance Ministry said on Wednesday.
The deficit, according to a ministry report, accounts for 6.8 percent of the Gross Domestic Product.
State revenues increased during the same period to reach 223.6 billion pounds against 186.7 billion pounds in the same period of the previous fiscal year, according to the report.
Expenditures also increased by 20.2 percent during the same period hitting 405.2 billion pounds compared to 337.1 billion pounds in the same period of the past fiscal year.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 13:29 2018 Friday ,14 December
Turkey targets military over alleged Gulen links
GMT 20:20 2016 Thursday ,08 September
Daesh makes suicide threat facing US gravest since 9/11 attacks - paper
GMT 12:08 2017 Monday ,04 December
Gucci confirms tax evasion probe
GMT 17:41 2018 Thursday ,06 December
Israeli forces halt construction of school facility in Nablus
GMT 13:05 2018 Thursday ,13 September
Trump looking for personal profit by approving sanctions
GMT 11:53 2017 Thursday ,20 July
Unified family law issuance hailed
GMT 22:30 2011 Friday ,02 September
Pennetta shocks Sharapova at US Open
GMT 11:08 2016 Thursday ,17 November
Bahrain to participate in UN Climate Change Conference
GMT 13:38 2017 Monday ,06 March
Prepares to give stargazers an eyeful
GMT 09:23 2019 Monday ,19 August
Live an important and happy atmosphere
GMT 16:01 2018 Friday ,23 November
Indonesia may charge tourists 500 dollars to see rare Komodo dragonsGMT 12:46 2011 Wednesday ,10 August
Shortage of gold bars and coins hits Dubai
GMT 14:26 2017 Tuesday ,20 June
Blast kills policeman in Bahrain
GMT 03:21 2017 Saturday ,15 April
Woman killed in stampede in Ayodhya
GMT 08:22 2015 Wednesday ,01 July
Shanghai shares close down more than 5%
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor