{"id":622653,"date":"2018-10-09T04:35:02","date_gmt":"2018-10-09T04:35:02","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/09\/fuel-subsidy-bill-for-1q2018-19-to-increase-egp-10-bn\/"},"modified":"2018-10-09T04:35:02","modified_gmt":"2018-10-09T04:35:02","slug":"fuel-subsidy-bill-for-1q2018-19-to-increase-egp-10-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/09\/fuel-subsidy-bill-for-1q2018-19-to-increase-egp-10-bn\/","title":{"rendered":"Fuel subsidy bill for 1Q2018-19 to increase EGP 10 bn"},"content":{"rendered":"

Fuel subsidy bill for 1Q2018-19 to increase EGP 10 bn:<\/strong> Egypt spent EGP 10 bn more than budgeted for the fuel subsidy program in 1Q2018-19 thanks to the rising price of oil, an Oil Ministry source said on Monday<\/a>. Last week<\/a>, sources told us that the government is expecting its fuel subsidy bill for FY2018-19 to jump to EGP 100 bn, up from an initial projection of EGP 89 bn, after Brent crude prices surged beyond the USD 80\/bbl mark to reach a four-year high. The development is pushing the government to pursue once again<\/a> a fuel hedge. The government is currently tallying up the indicators for the first quarter of the fiscal year, and we should be hearing something on that soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fuel subsidy bill for 1Q2018-19 to increase EGP 10 bn: Egypt spent EGP 10 bn more than budgeted for the fuel subsidy program in 1Q2018-19 thanks to the rising price of oil, an Oil Ministry source said on Monday. Last week, sources told us that the government is expecting its fuel subsidy bill for FY2018-19 […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622653","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"92b4d2b6-46b7-406d-a2b3-61b989d43285","order":"0","is_powered_by":true,"section_story_id":"3d62a3bd-da66-42ea-8ff7-c9cf51451350","story_type":"1","photo_url":"","photo_position":"above","related_issue":[622639],"teaser":"","voice_url":""},"yoast_head":"\nFuel subsidy bill for 1Q2018-19 to increase EGP 10 bn - 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\/2018\/10\/09\/fuel-subsidy-bill-for-1q2018-19-to-increase-egp-10-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel subsidy bill for 1Q2018-19 to increase EGP 10 bn\" \/>\n<meta property=\"og:description\" content=\"Fuel subsidy bill for 1Q2018-19 to increase EGP 10 bn: Egypt spent EGP 10 bn more than budgeted for the fuel subsidy program in 1Q2018-19 thanks to the rising price of oil, an Oil Ministry source said on Monday. Last week, sources told us that the government is expecting its fuel subsidy bill for FY2018-19 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/09\/fuel-subsidy-bill-for-1q2018-19-to-increase-egp-10-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-09T04:35:02+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\/2018\/10\/09\/fuel-subsidy-bill-for-1q2018-19-to-increase-egp-10-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/09\/fuel-subsidy-bill-for-1q2018-19-to-increase-egp-10-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Fuel subsidy bill for 1Q2018-19 to increase EGP 10 bn\",\"datePublished\":\"2018-10-09T04:35:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/09\/fuel-subsidy-bill-for-1q2018-19-to-increase-egp-10-bn\/\"},\"wordCount\":132,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/09\/fuel-subsidy-bill-for-1q2018-19-to-increase-egp-10-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/09\/fuel-subsidy-bill-for-1q2018-19-to-increase-egp-10-bn\/\",\"name\":\"Fuel subsidy bill for 1Q2018-19 to increase EGP 10 bn - 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Egypt has moved to gradually reduce fuel subsidy spending over the past\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":622545,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/04\/fuel-subsidy-bill-could-overshoot-to-egp-100-bn-in-fy2018-19\/","url_meta":{"origin":622653,"position":1},"title":"Fuel subsidy bill could overshoot to EGP 100 bn in FY2018-19","author":"enterpriseam admin","date":"4 October 2018","format":false,"excerpt":"EXCLUSIVE- Fuel subsidy bill could overshoot to EGP 100 bn in FY2018-19: Higher-than-forecast oil prices will could see Egypt\u2019s fuel subsidy bill FY2018-19 jump to EGP 100 bn, up from USD 89 bn now in the budget, a government source told Enterprise yesterday. Compounding the issue: The potential for strain\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":591840,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/18\/govt-to-beat-fuel-subsidy-spending-targets-in-2q-govt-source\/","url_meta":{"origin":622653,"position":2},"title":"Gov\u2019t to beat fuel subsidy spending targets in 2Q - gov\u2019t source","author":"enterpriseam admin","date":"18 December 2019","format":false,"excerpt":"BUDGET WATCH- Gov\u2019t to beat fuel subsidy spending targets in 2Q -gov\u2019t source: The government will not spend more than EGP 10 bn on fuel subsidies in 2Q2019-2020, beating the EGP 13.23 bn quarterly allocations included in the state budget, an unnamed government source told Al Mal. 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":594640,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/03\/fuel-subsidy-spending-falls-30-in-fy-2018-2019-beating-govt-targets\/","url_meta":{"origin":622653,"position":3},"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":600308,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/27\/egypts-fuel-subsidy-bill-falls-15-in-1h2018-19\/","url_meta":{"origin":622653,"position":4},"title":"Egypt\u2019s fuel subsidy bill falls 15% in 1H2018-19","author":"enterpriseam admin","date":"27 January 2019","format":false,"excerpt":"State\u2019s fuel subsidy bill falls 15% in 1H2018-19: Egypt\u2019s fuel subsidy bill fell 14.7% y-o-y in 1H2018-19 to EGP 43.5 bn, Oil Minister Tarek El Molla told Reuters on Wednesday. Egypt is expecting to spend around EGP 90 bn in total on fuel subsidies in the fiscal year ending in\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":622815,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/14\/did-the-oil-ministry-push-for-a-lighter-fuel-subsidy-cut\/","url_meta":{"origin":622653,"position":5},"title":"Did the Oil Ministry push for a lighter fuel subsidy cut?","author":"enterpriseam admin","date":"14 October 2018","format":false,"excerpt":"Was the presidency more aggressive on subsidy cuts than the oil ministry? President Abdel Fattah El Sisi reportedly said on Thursday that Oil Minister Tarek El Molla initially proposed a more modest cut to fuel subsidies and was pushed by the president to be more aggressive, according to Al Mal.\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622653","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=622653"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/622653\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/622639"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=622653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=622653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=622653"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=622653"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=622653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}