{"id":602520,"date":"2019-03-31T03:49:05","date_gmt":"2019-03-31T03:49:05","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/govt-bases-2019-20-budget-on-stronger-egp\/"},"modified":"2019-03-31T03:49:05","modified_gmt":"2019-03-31T03:49:05","slug":"govt-bases-2019-20-budget-on-stronger-egp","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/govt-bases-2019-20-budget-on-stronger-egp\/","title":{"rendered":"Gov\u2019t bases 2019-20 budget on stronger EGP"},"content":{"rendered":"

<\/a> Gov\u2019t sees EGP staying strong in 2019-2020 budget: <\/b>The government is basing its 2019-20 budget on the average exchange rate set by the CBE between 1-15 March, according to a Finance Ministry statement<\/a>. The average exchange rate for the EGP against the USD during the period was 17.46, a finance ministry official told reporters, according to Reuters\u2019 Arabic service<\/a>. The EGP has strengthened in recent weeks, hitting a two-year high<\/a> mid-March on the back of improved tourism, exports and remittances, among other factors. The government approved last week<\/a> the draft FY2019-20 state budget, setting GDP growth at 6% by June 2020, the budget deficit at 7.2% and primary surplus at 2%.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gov\u2019t sees EGP staying strong in 2019-2020 budget: The government is basing its 2019-20 budget on the average exchange rate set by the CBE between 1-15 March, according to a Finance Ministry statement. The average exchange rate for the EGP against the USD during the period was 17.46, a finance ministry official told reporters, according […]<\/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":[279,72,1666,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602520","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-budget-watch","tag-enterpriseam","tag-exchange-rate","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3f60541c-e7ae-466e-9af3-f63312218159","is_powered_by":true,"section_story_id":"40c38bba-e143-4a92-86a3-b2688aef51e8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[602509],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t bases 2019-20 budget on stronger EGP - 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\/03\/31\/govt-bases-2019-20-budget-on-stronger-egp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t bases 2019-20 budget on stronger EGP\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t sees EGP staying strong in 2019-2020 budget: The government is basing its 2019-20 budget on the average exchange rate set by the CBE between 1-15 March, according to a Finance Ministry statement. The average exchange rate for the EGP against the USD during the period was 17.46, a finance ministry official told reporters, according […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/govt-bases-2019-20-budget-on-stronger-egp\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-31T03:49:05+00:00\" \/>\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\/2019\/03\/31\/govt-bases-2019-20-budget-on-stronger-egp\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/govt-bases-2019-20-budget-on-stronger-egp\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t bases 2019-20 budget on stronger EGP\",\"datePublished\":\"2019-03-31T03:49:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/govt-bases-2019-20-budget-on-stronger-egp\/\"},\"wordCount\":116,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"budget watch\",\"EnterpriseAM\",\"exchange rate\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/govt-bases-2019-20-budget-on-stronger-egp\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/31\/govt-bases-2019-20-budget-on-stronger-egp\/\",\"name\":\"Gov\u2019t bases 2019-20 budget on stronger EGP - 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Each USD 1 increase in the price of a barrel costs the Egyptian government EGP 2.3 bn,\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":602520,"position":1},"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. Revenues for the period came at\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\/2\/146.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":600794,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/11\/government-reviews-fx-rate-oil-price-at-2018-2019-budget\/","url_meta":{"origin":602520,"position":2},"title":"Government reviews FX rate, oil price at 2018\/2019 budget","author":"enterpriseam admin","date":"11 February 2019","format":false,"excerpt":"FinMin sees growth accelerating, forecasts weaker average EGP exchange rate this fiscal year, will budget for oil at USD 67 \/ bbl for next year: The Finance Ministry revised its expected average USD:EGP exchange rate for the current (2018-19) fiscal year ending in June to EGP 18 to the greenback\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":598131,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/govt-rolls-out-egp-2-5-bn-for-education-ministry-to-pay-off-urgent-loans\/","url_meta":{"origin":602520,"position":3},"title":"Gov\u2019t rolls out EGP 2.5 bn for Education Ministry to pay off urgent loans","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"BUDGET WATCH- The Finance Ministry has agreed to a EGP 2.5 bn increase in the Education Ministry\u2019s FY2019-20 budget allocation to pay off \u201curgent\u201d loans, House Planning and Budgeting Committee Chair Yasser Omar tells the local press. The two ministries will study making available EGP 8.5 bn for the ministry\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":594640,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/fuel-subsidy-spending-falls-30-in-fy-2018-2019-beating-govt-targets\/","url_meta":{"origin":602520,"position":4},"title":"Fuel subsidy spending falls 30% in FY 2018\/2019, beating gov\u2019t targets","author":"enterpriseam admin","date":"3 September 2019","format":false,"excerpt":"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\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":598254,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/20\/egypt-expects-subsidy-spending-to-come-in-egp-13-bn-below-budget-in-fy2018-2019\/","url_meta":{"origin":602520,"position":5},"title":"Egypt expects subsidy spending to come in EGP 13 bn below budget in FY2018-2019","author":"enterpriseam admin","date":"20 May 2019","format":false,"excerpt":"EXCLUSIVE- FinMin expects subsidy spending to come in EGP 13 bn below budget this fiscal year thanks to lower oil prices: The Finance Ministry has revised downwards to EGP 315 bn from EGP 328 bn its total subsidy expenditure forecast for the current fiscal year, two senior officials told Enterprise.\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602520","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=602520"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/602520\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/602509"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=602520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=602520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=602520"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=602520"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=602520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}