{"id":578478,"date":"2023-01-02T02:51:41","date_gmt":"2023-01-02T02:51:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/ministers-approve-decision-to-rationalize-spending-in-fy-2022-2023\/"},"modified":"2023-01-02T02:51:41","modified_gmt":"2023-01-02T02:51:41","slug":"ministers-approve-decision-to-rationalize-spending-in-fy-2022-2023","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/ministers-approve-decision-to-rationalize-spending-in-fy-2022-2023\/","title":{"rendered":"Ministers approve decision to \u201crationalize spending\u201d in FY 2022-2023"},"content":{"rendered":"

<\/a> Budget cutbacks in the works?<\/strong> Ministers approved a decision by Prime Minister Moustafa Madbouly to rationalize spending for the remainder of the current fiscal year, cabinet said in a statement<\/a> Thursday following its weekly meeting. The statement didn\u2019t include any additional information as to how the state may cut down on its spending. The government planned to spend EGP 2.07 tn<\/a> in its FY 2022-2023 budget.<\/p>\n

More green projects in the making: <\/strong>The cabinet also approved a number of decisions to allocate land in Dakahlia, Matrouh, Qena, and Sohag governorates to green projects including unspecified renewable energy, desalination, and green hydrogen facilities.<\/p>\n","protected":false},"excerpt":{"rendered":"

Budget cutbacks in the works? Ministers approved a decision by Prime Minister Moustafa Madbouly to rationalize spending for the remainder of the current fiscal year, cabinet said in a statement Thursday following its weekly meeting. The statement didn\u2019t include any additional information as to how the state may cut down on its spending. The government […]<\/p>\n","protected":false},"author":1,"featured_media":578479,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7306],"tags":[279,282,72,254,281,151,364],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-578478","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cabinet-watch","tag-budget-watch","tag-cabinet-watch","tag-enterpriseam","tag-green-hydrogen","tag-moustafa-madbouly","tag-renewables","tag-water","wpautop","entry"],"acf":{"mongo_id":"ccc4fa4f-bbbd-414d-b4fd-36a663c52f9c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/1\/7.jpg","photo_position":"above","related_issue":[578466],"teaser":"","voice_url":""},"yoast_head":"\nMinisters approve decision to \u201crationalize spending\u201d in FY 2022-2023 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/ministers-approve-decision-to-rationalize-spending-in-fy-2022-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ministers approve decision to \u201crationalize spending\u201d in FY 2022-2023\" \/>\n<meta property=\"og:description\" content=\"Budget cutbacks in the works? Ministers approved a decision by Prime Minister Moustafa Madbouly to rationalize spending for the remainder of the current fiscal year, cabinet said in a statement Thursday following its weekly meeting. The statement didn\u2019t include any additional information as to how the state may cut down on its spending. The government […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/ministers-approve-decision-to-rationalize-spending-in-fy-2022-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-01-02T02:51:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/7.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/ministers-approve-decision-to-rationalize-spending-in-fy-2022-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/ministers-approve-decision-to-rationalize-spending-in-fy-2022-2023\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Ministers approve decision to \u201crationalize spending\u201d in FY 2022-2023\",\"datePublished\":\"2023-01-02T02:51:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/ministers-approve-decision-to-rationalize-spending-in-fy-2022-2023\/\"},\"wordCount\":111,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/ministers-approve-decision-to-rationalize-spending-in-fy-2022-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/7.jpg?fit=%2C&ssl=1\",\"keywords\":[\"budget watch\",\"cabinet watch\",\"EnterpriseAM\",\"green hydrogen\",\"Moustafa Madbouly\",\"renewables\",\"water\"],\"articleSection\":[\"Cabinet watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/ministers-approve-decision-to-rationalize-spending-in-fy-2022-2023\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/01\/02\/ministers-approve-decision-to-rationalize-spending-in-fy-2022-2023\/\",\"name\":\"Ministers approve decision to \u201crationalize spending\u201d in FY 2022-2023 - 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Ministers approved a decision by Prime Minister Moustafa Madbouly to rationalize spending for the remainder of the current fiscal year, cabinet said in a statement Thursday following its weekly meeting. The statement didn\u2019t include any additional information as to how the state may cut down on its spending. 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The ministers said spending priorities include improving the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/276.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":609393,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/05\/cabinet-extends-budget-cutbacks-through-to-june-2024-amid-fx-crisis\/","url_meta":{"origin":578478,"position":2},"title":"Cabinet extends budget cutbacks through to June 2024 amid FX crisis","author":"enterpriseam admin","date":"5 November 2023","format":false,"excerpt":"The cabinet brings back restrictions on USD government spending","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1249.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":614415,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/02\/01\/cabinet-slashes-government-spending-some-more\/","url_meta":{"origin":578478,"position":3},"title":"Cabinet slashes government spending some more","author":"enterpriseam admin","date":"1 February 2024","format":false,"excerpt":"Hassan Allam Holding\u2019s logistic arm receives golden license","rel":"","context":"In "Cabinet watch"","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/170.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":578669,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/01\/10\/cabinet-ratifies-budget-cutbacks-for-fy-2022-2023-amid-rising-inflation-and-an-ongoing-fx-crunch\/","url_meta":{"origin":578478,"position":4},"title":"Cabinet ratifies budget cutbacks for FY 2022-2023 amid rising inflation and an ongoing FX crunch","author":"enterpriseam admin","date":"10 January 2023","format":false,"excerpt":"Cabinet announces budget cutbacks amid rising inflation, FX crunch: Prime Minister Moustafa Madbouly has told all but \u201cessential\u201d ministries to make budget cutbacks until the end of the current fiscal year. The order comes as the government works to address a shortage of hard currency and tamp down inflation. Under\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/135.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623015,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/18\/madbouly-presses-cabinet-to-do-more-for-investors\/","url_meta":{"origin":578478,"position":5},"title":"Madbouly presses cabinet to do more for investors","author":"enterpriseam admin","date":"18 October 2018","format":false,"excerpt":"CABINET WATCH- Madbouly presses cabinet to do more for investors: Prime Minister Moustafa Madbouly urged the cabinet to work on improving the investment environment and expedite tendering of new projects, according to a cabinet statement. 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