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House greenlights FY2021-2022 budget, ups health + education spending
House passes FY2021-2022 budget, ups health + education spending: The House of Representatives has voted to increase spending on health…
EM debt levels rose at a faster pace than developed markets last year
Emerging market debt levels rose quicker than those in the developed world in 2020, and this “increasing divide” threatens to…
House pushes ahead with budget debate
The House of Representatives will be discussing the spending plan for individual institutions in the FY2021-2022 state budget throughout this…
Gov’t to slash subsidies doled out to help water companies cover expenses
State water companies will no longer be getting subsidies from the state to cover their spending shortfall starting next fiscal…
New civil servants minimum wage gets nod from cabinet, still no word on private sector floor
Cabinet greenlit bringing the minimum wage increase to EGP 2.4k from EGP 2k for civil servants into effect at the…
Economic reform program, Mk. II
Egypt will embark on a three-year program of structural reforms designed to support private sector-led economic growth and capitalize on…
FinMin releases Egypt’s draft FY2021-22 budget
FinMin publishes draft budget as House pushes on with its discussion: The Finance Ministry released yesterday its draft FY2021-2022 budget…
Gov’t targets investments worth EGP 1.25 tn in FY2021-2022
The government expects Egypt will see a total of EGP 1.25 tn in public and private sector investments in FY2021-2022,…
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