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Electricity subsidies live on
SETTING THE RECORD STRAIGHT - Electricity subsidies haven’t been phased out. Electricity is and will continue to be subsidized by…
The search for budget cutbacks starts in April, PM asks us all to drive a bit less
Ministries and government agencies will start looking at ways to trim spending from the beginning of next month as the…
THIS MORNING: Shoukry in Israel for “historic” summit + USD 200/barrel oil this year?
Good morning, friends, and welcome to the last workweek before the start of Ramadan, which begins this coming Saturday. We…
Gov’t lowers FY 2022-2023 budget targets as Ukraine conflict strains finances
FinMin trims budget targets as Ukraine conflict weighs on state finances: The Finance Ministry has revised downwards its fiscal targets…
IMF program + rate hikes in the cards as Ukraine war pressures budget -Fitch
Fitch sees new IMF program, rate hike as Ukraine conflict raises pressure on gov’t finances: Lower tourism inflows, higher food…
Egypt reassess fiscal targets in light of war in Ukraine
The government will likely have to revisit its fiscal targets for FY2022-2023 in light of the war in Ukraine and…
THIS EVENING: Egypt’s budget deficit widens slightly in 1H2021-22 + Tourism revenues returned to pre-pandemic levels in 2021 + House discusses tourism + hotels law
Good afternoon, wonderful people. Welcome to a relatively brisk Monday on this holiday-shortened workweek. THE BIG STORIES TODAY #1- Egypt’s…
Primary surplus falls y-o-y in 1H2021-2022
Egypt generated a EGP 3.2 bn primary surplus in 1H2021-2022, Finance Minister Mohamed Maait said during the weekly cabinet meeting…
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