{"id":594914,"date":"2019-09-11T04:03:49","date_gmt":"2019-09-11T04:03:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/egypts-tax-revenues-expected-to-account-for-14-of-gdp-investments-to-spur-gdp-growth-in-fy2019-2020\/"},"modified":"2019-09-11T04:03:49","modified_gmt":"2019-09-11T04:03:49","slug":"egypts-tax-revenues-expected-to-account-for-14-of-gdp-investments-to-spur-gdp-growth-in-fy2019-2020","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/egypts-tax-revenues-expected-to-account-for-14-of-gdp-investments-to-spur-gdp-growth-in-fy2019-2020\/","title":{"rendered":"Egypt\u2019s tax revenues expected to account for 14% of GDP, investments to spur GDP growth in FY2019-2020"},"content":{"rendered":"

<\/a> FinMin sees tax revenues accounting for 14% of GDP, investments contributing bigger portion of GDP growth in FY2019-2020:<\/b> The Finance Ministry expects Egypt\u2019s tax revenues in FY2019-2020 to comprise 14% of the country\u2019s GDP, with that figure projected to rise to 14.3% and 14.5% in the next two fiscal years, according to a report compiled by PricewaterhouseCoopers (pdf)<\/a>. The ministry\u2019s projections for the current fiscal year\u2019s tax revenues fall below the revenues recorded in FY2017-2018, and would see the revenues remain the same as the last fiscal year, albeit with a higher percentage of non-sovereign taxes.<\/p>\n

Other revenue sources:<\/b> The ministry expects remittances to account for 8.5% of GDP in FY2019-2020, down from 9.0% last fiscal year, while tourism receipts are expected to account for 4.2% this fiscal year, up marginally from 4.1% in FY2018-2019.<\/p>\n

Investments, including those from the public and private sectors, should contribute 2.5% of Egypt\u2019s real GDP growth<\/b> this fiscal year, according to the report. Previous figures show private investment hitting a peak of 1.4% of GDP growth in FY2017-2018. Projections for the current fiscal year do not delineate the ratio of public and private investments. Net exports are projected in the FY2019-2020 state budget to contribute 2.3% of real GDP growth, up from 1.9% last year and 1.7% the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"

FinMin sees tax revenues accounting for 14% of GDP, investments contributing bigger portion of GDP growth in FY2019-2020: The Finance Ministry expects Egypt\u2019s tax revenues in FY2019-2020 to comprise 14% of the country\u2019s GDP, with that figure projected to rise to 14.3% and 14.5% in the next two fiscal years, according to a report compiled […]<\/p>\n","protected":false},"author":1,"featured_media":594915,"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":[72,276,2380,69],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-enterpriseam","tag-finance-ministry","tag-speed-round","tag-tax","wpautop","entry"],"acf":{"mongo_id":"1127cc00-c518-47de-977a-55e3e4e78aa5","is_powered_by":true,"section_story_id":"c2a5a8ee-48e9-4cc7-b3e4-23ea68978e51","story_type":"1","photo_url":"https:\/\/ent.news\/2019\/9\/190.png","photo_position":"above","related_issue":[594907],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s tax revenues expected to account for 14% of GDP, investments to spur GDP growth in FY2019-2020 - 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\/11\/egypts-tax-revenues-expected-to-account-for-14-of-gdp-investments-to-spur-gdp-growth-in-fy2019-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s tax revenues expected to account for 14% of GDP, investments to spur GDP growth in FY2019-2020\" \/>\n<meta property=\"og:description\" content=\"FinMin sees tax revenues accounting for 14% of GDP, investments contributing bigger portion of GDP growth in FY2019-2020: The Finance Ministry expects Egypt\u2019s tax revenues in FY2019-2020 to comprise 14% of the country\u2019s GDP, with that figure projected to 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Egypt\u2019s debt as Fitch sees Egypt\u2019s fiscal debt narrowing to 6.4% of GDP by FY2019-20: Fitch Group\u2019s Fitch Solutions (formerly BMI Research) also expects Egypt\u2019s fiscal debt to narrow to 6.4% of GDP by FY2019-20, down from 9.4% in FY2017-18 on the back of \u201crobust economic growth\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\/2018\/12\/907.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621736,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/egypts-finance-ministry-sees-the-economy-growing-at-a-blistering-6-5-in-the-states-2019-20-fiscal-year\/","url_meta":{"origin":594914,"position":1},"title":"Egypt\u2019s Finance Ministry sees the economy growing at a blistering 6.5% in the state\u2019s 2019-20 fiscal year","author":"enterpriseam admin","date":"18 November 2018","format":false,"excerpt":"The Finance Ministry sees the economy growing at a blistering 6.5% in the state\u2019s 2019-20 fiscal year, up from a projected 5.*% this fiscal year. That\u2019s perhaps the most interesting take away from the ministry\u2019s 2019-20 budget guidelines (pdf). The ministry sees GDP growth accelerating to 6.9% in 2020-21 and\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":600845,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/12\/finmin-forecasts-spending-at-egp-1-5-tn-in-draft-fy2019-20-state-budget\/","url_meta":{"origin":594914,"position":2},"title":"FinMin forecasts spending at EGP 1.5 tn in draft FY2019-20 state budget","author":"enterpriseam admin","date":"12 February 2019","format":false,"excerpt":"EXCLUSIVE- FinMin\u2019s draft FY2019-20 state budget sees spending at EGP 1.5 tn: The draft FY2019-20 state budget forecasts government spending at EGP 1.5 tn, a senior government official tells us. Public wages will account for EGP 294.9 bn of total spending, up from EGP 266 bn in the current fiscal\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\/1\/773.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":623420,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/30\/madbouly-govt-at-work-on-2019-20-budget-sees-gdp-growing-at-6-clip-and-oil-at-usd-80-bbl\/","url_meta":{"origin":594914,"position":3},"title":"Madbouly gov\u2019t at work on 2019-20 budget, sees GDP growing at 6% clip and oil at USD 80 \/ bbl","author":"enterpriseam admin","date":"30 October 2018","format":false,"excerpt":"** #4 EXCLUSIVE- The Madbouly government has started work on the FY2019-20 budget, with various government departments tallying up their budgets and projection, a senior government official told us yesterday. The government is targeting GDP growth of 6% in its next fiscal year, up from 5.5% this fiscal year. 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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":602564,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/01\/finmin-releases-egypts-draft-fy2019-20-budget\/","url_meta":{"origin":594914,"position":4},"title":"FinMin releases Egypt\u2019s draft FY2019-20 budget","author":"enterpriseam admin","date":"1 April 2019","format":false,"excerpt":"The state\u2019s FY2019-20 budget is now with the House: The Finance Ministry sent yesterday its draft FY2019-20 budget (pdf) to the House of Representatives. The House needs to receive the draft at least 90 days before the start of the fiscal year on 1 July to have it signed into\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\/1\/662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567376,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egypt-to-beat-debt-to-gdp-target-this-year-maait\/","url_meta":{"origin":594914,"position":5},"title":"Egypt to beat debt-to-GDP target this year -Maait","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"Egypt to beat debt-to-GDP target this year + all you need to know about FinMin\u2019s epic presser: The Finance Ministry expects to reduce its debt-to-GDP ratio to 83% by the end of the current fiscal year, easily beating the 89% target included in the FY 2019-2020 budget, Finance Minister Mohamed\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\/1\/658.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=594914"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/594914\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/594907"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/594915"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=594914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=594914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=594914"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=594914"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=594914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}