Oil prices staying at $122 per barrel will cost the Egyptian budget $7.2 billion, Egyptian Finance Minister has told CNBC Arabia. Egypt’s Finance Minister Mohamed Maait said Sunday that higher global wheat prices and pressure [ More … ]
A statement of the new financial year draft budget projects 54 percent expenditure on debt service Meanwhile, less than the constitutionally required entitlements are allocated for spending on health and educationOn Monday, May 9, 2022, [ More … ]
Moroccan Minister of Health Houcine El Ouardi has expressed his concern about the budget allocated to his ministry, which is far below World Health Organization (WHO) standards. At MAD 14.3 billion, the Ministry of Health’s [ More … ]
BY: Abdel Hafez Al-Sawi* The state budget is the most prominent example of social contract between citizens and the state, where the citizens get assured of the nature of economic policies, the burdens that they [ More … ]
Turkey’s government ran a budget surplus of 3.6 billion Turkish liras ($1.2 billion) in August and 4.9 billion liras ($1.64 billion) in January-August, said Turkish Finance Minister Naci Agbal on Monday, reported Anadolu Agency. “Public finance is the [ More … ]
The Egyptian Ministry of Supply’s giving away of its responsibility in managing the subsidy card system to the Ministry of Military Production and the Awkaf (Religious Endowment) Ministry’s authorization of the Ministry of Military Production to sell [ More … ]
After a debatable meeting, the Central Bank of Egypt (CBE) decided to raise its benchmark interest rate to the highest level in at least a decade. The CBE decision aims to contain inflation and rise [ More … ]
The spokesman of the Egyptian Irrigation Ministry, Walid al-Hakiki, said that Egypt would stop providing financial grants to the Nile Basin countries after reducing the ministry’s budget approximately to the half. The Irrigation Ministry spokesman [ More … ]
By: Abdel Hafez El Sawy* – The general features of the budget – The economic burdens – The social burdens The Egyptians had received a number of negative economic decisions before the government presented its [ More … ]
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