Tax revenues from cigarettes expected to grow 11.6% in FY2019-20

Tax revenues from cigarettes are expected to grow 11.6% to reach EGP 67.1 bn in FY2019-20, up from EGP 60.1 bn in the current year, according to statements from the Finance Ministry cited by the local press. Revenues on imported cigarettes and tobacco are expected to decline in the coming fiscal year, House Planning and Budget Committee member Talaat Khalil said.