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Gov’t to increase borrowing as MPs approve wage, pension hikes
Gov’t to borrow EGP 85 bn to meet debt servicing costs in 4Q 2022-2023
Yet another income tax exemption increase. PLUS: Gov’t trims growth forecast.
The move is expected to impact 22 mn people
Gov’t to miss deficit, debt targets on higher rates, import bill
Egypt is now predicting a debt level of 93.0% of GDP by June 2023
Cabinet ratifies budget cutbacks for FY 2022-2023 amid rising inflation and an ongoing FX crunch
Cabinet announces budget cutbacks amid rising inflation, FX crunch: Prime Minister Moustafa Madbouly has told all but “essential” ministries to…
House postpones debate on draft Labor Act while gov’t makes tweaks
LEGISLATION- The gov’t is taking another look at the draft labor bill: The Madbouly government requested the House Manpower Committee…
Ministers approve decision to “rationalize spending” in FY 2022-2023
Budget cutbacks in the works? Ministers approved a decision by Prime Minister Moustafa Madbouly to rationalize spending for the remainder…
Our first look at the FY2023-2024 budget
Egypt is targeting a GDP growth of 5.5% in its draft budget for the next fiscal year
THIS EVENING: More ambitious budget targets from Maait + Chinese companies want to locally manufacture solar power plant components
Happy Monday, wonderful people. The slow late-August stretch we thought we were up against has made an about-face, giving us…
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