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Senate to discuss Thanaweya Amma overhaul; a good week on Wall St.
Good morning, wonderful people, and welcome to the last full work week of Ramadan. As things stand: Next week will…
Civil servant raises under review + FY2019-2020 budget report approved
A draft law stipulating an increase in civil servants’ basic salaries as of the next fiscal year is now with…
Railway, media authorities are deeply in the red
The National Railway Authority (NRA) and the National Media Authority (NMA) posted the largest losses among all state institutions in…
Somehow we’ve generated a primary surplus so far this fiscal year
The Madbouly government delivered a primary surplus of EGP 25 bn during the first nine months of FY2020-2021, despite the…
Cabinet signs off on the draft FY2021-2022 budget
Well, we have a draft FY2021-2022 budget, after the Madbouly cabinet signed off on it yesterday. Finance Minister Mohamed Maait…
Cabinet is getting its three-year priorities in order
A three-year state budget and fiscal policy priority framework will be on the House of Representatives’ agenda when cabinet submits…
Maait presents medium term fiscal targets
Egypt’s tax revenues are expected to hit EGP 862 bn in FY2020-2021, up from EGP 676.8 bn last fiscal year,…
Foreign holdings near pre-covid peak
Foreign investment in EGP bonds has continued to rebound through the beginning of 2021, with total holdings now standing at…
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