Finance Ministry targeting EGP 611 bn in tax revenues for FY2017-18

The Finance Ministry is targeting EGP 611 bn in tax revenues for FY2017-18, Vice Minister of Finance Amr El Monayer said yesterday, Youm7 reports. The ministry’s target would put tax revenues at 73.5% of GDP, up from 72% last fiscal year. Revenues had reached EGP 433 bn in FY2016-17, marking a 30% y-o-y increase.