{"id":594640,"date":"2019-09-03T04:07:57","date_gmt":"2019-09-03T04:07:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/fuel-subsidy-spending-falls-30-in-fy-2018-2019-beating-govt-targets\/"},"modified":"2019-09-03T04:07:57","modified_gmt":"2019-09-03T04:07:57","slug":"fuel-subsidy-spending-falls-30-in-fy-2018-2019-beating-govt-targets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/fuel-subsidy-spending-falls-30-in-fy-2018-2019-beating-govt-targets\/","title":{"rendered":"Fuel subsidy spending falls 30% in FY 2018\/2019, beating gov\u2019t targets"},"content":{"rendered":"

Fuel subsidy spending falls 30% in FY2018-2019, beating gov\u2019t targets:<\/b> The government\u2019s fuel subsidies bill fell 30% in FY2018-2019, beating spending targets outlined in the state budget, an Oil Ministry official told Reuters<\/a>. Fuel subsidy spending last year came in at EGP 85 bn, EGP 4 bn lower than the budget target<\/a>. In comparison, the government spent EGP 120.8 bn in FY2017-2018. The FY2019-2020 budget anticipates subsidy costs to fall to EGP 52.96 bn<\/a> in the current fiscal year, after the government raised fuel prices by up to 30%<\/a> at the beginning of July.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fuel subsidy spending falls 30% in FY2018-2019, beating gov\u2019t targets: The government\u2019s fuel subsidies bill fell 30% in FY2018-2019, beating spending targets outlined in the state budget, an Oil Ministry official told Reuters. Fuel subsidy spending last year came in at EGP 85 bn, EGP 4 bn lower than the budget target. In comparison, the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[279,93,72,819,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594640","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-budget-watch","tag-energy","tag-enterpriseam","tag-fuel","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"a52c6fa6-1f48-4aa6-b03d-c9daf12760cb","is_powered_by":true,"section_story_id":"593a8a91-9e44-4e4c-a5e1-297518ef62e8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[594633],"teaser":"","voice_url":""},"yoast_head":"\nFuel subsidy spending falls 30% in FY 2018\/2019, beating gov\u2019t targets - 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\/2019\/09\/03\/fuel-subsidy-spending-falls-30-in-fy-2018-2019-beating-govt-targets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel subsidy spending falls 30% in FY 2018\/2019, beating gov\u2019t targets\" \/>\n<meta property=\"og:description\" content=\"Fuel subsidy spending falls 30% in FY2018-2019, beating gov\u2019t targets: The government\u2019s fuel subsidies bill fell 30% in FY2018-2019, beating spending targets outlined in the state budget, an Oil Ministry official told Reuters. Fuel subsidy spending last year came in at EGP 85 bn, EGP 4 bn lower than the budget target. 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Fuel subsidies spending\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591526,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/egypts-fuel-subsidy-spending-falls-69-y-o-y-in-1q2019-2020\/","url_meta":{"origin":594640,"position":1},"title":"Egypt\u2019s fuel subsidy spending falls 69% y-o-y in 1Q2019-2020","author":"enterpriseam admin","date":"9 December 2019","format":false,"excerpt":"BUDGET WATCH- Fuel subsidy spending plunges in 1Q2019-2020: Government spending on fuel subsidies fell 69% y-o-y in 1Q2019-2020 to EGP 7.25 bn from EGP 23.25 bn in 1Q2018-2019, Oil Minister Tarek El Molla said yesterday, according to Reuters. 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The numbers El Hariri tweeted vary widely\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597908,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/08\/egypt-fuel-subsidies-spending-falls-28-in-the-first-nine-months-of-fy2018-19\/","url_meta":{"origin":594640,"position":4},"title":"Egypt fuel subsidies spending falls 28% in the first nine months of FY2018-19","author":"enterpriseam admin","date":"8 May 2019","format":false,"excerpt":"Fuel subsidies spending falls 28% in the first nine months of FY2018-19: Government spending on fuel subsidies fell to EGP 60.1 bn in the first nine months of FY2018-19, declining 28.45% y-o-y from EGP 84 bn during the same period a year earlier, Oil Minister Tarek El Molla told Reuters\u2019\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569021,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/egypts-govt-records-budget-deficit-of-3-8-in-1h2019-20-report\/","url_meta":{"origin":594640,"position":5},"title":"Egypt\u2019s gov\u2019t records budget deficit of 3.8% in 1H2019-20- report","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"BUDGET WATCH- Gov\u2019t records budget deficit of 3.8% in 1H2019-2020: The Finance Ministry\u2019s semi-annual fiscal performance report showed a budget deficit of EGP 236.7 bn (3.8% of GDP) in the first half of FY2019-2020, compared to EGP 186.7 bn (3.6%) in July-December of FY2018-2019. 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