{"id":627559,"date":"2018-06-05T04:12:34","date_gmt":"2018-06-05T04:12:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/"},"modified":"2018-06-05T04:12:34","modified_gmt":"2018-06-05T04:12:34","slug":"house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/","title":{"rendered":"House expected to pass the FY2018-19 budget today, FinMin holds fast on oil price projections as global rally looks set to cool"},"content":{"rendered":"

<\/a> BUDGET WATCH- Will parliament pass the FY2018-19 budget today ? <\/strong>The House of Representatives is expected to pass the FY2018-19 budget today (uncharacteristically early) after the general assembly wrapped up yesterday its discussion of the Budget Committee\u2019s report, according to Ahram Gate<\/a>. Health and education both received additional earmarks<\/a> to fund initiatives including the new K-12 educational system and the Universal Healthcare Act, both of which are expected to launch later this year. You can tap or click here<\/a> for our budget refresher.<\/p>\n

FinMin holds fast on oil price projection at USD 67\/bbl in the FY2018-19 budget: <\/strong>The Finance Ministry appears set to keep its projected average oil price in next year\u2019s budget at USD 67\/bbl, Finance Minister Amr El Garhy told the House on Monday, according to Al Mal<\/a>. He noted that while oil prices had recently surged above the USD 80\/bbl mark, prices have recently cooled. Egypt\u2019s oil agreements with Saudi Arabia and Russia will help keep supply and price in Egypt stable, he added. A government document obtained by Ahram Online<\/a> suggests that the government has been importing the black stuff at a price of USD 75\/bbl. Parliament had been so concerned of the impact this rise would have on next year\u2019s budget it debated whether to to set aside<\/a> more funds in case the government overshoots its deficit target for the year.<\/p>\n

This comes as hedge funds are reportedly scaling back their wager on higher oil prices <\/strong>as OPEC and Russia discuss raising production ahead of their meeting on 22 June, the FT<\/a> reports. Bloomberg is already teasing it as possibly \u201cOPEC\u2019s worst meeting ever, part 2<\/a>.\u201d<\/p>\n

Egypt\u2019s new budget can sustain global oil prices as high as USD 80\/bbl, <\/strong>EFG Hermes\u2019 Mohamed Abu Basha suggests in a research note to clients yesterday. While higher oil prices do pose a \u201ctemporary downside risk to economic growth\u201d by adding to inflationary pressure and, in turn, affecting the recovery in consumption, Egypt\u2019s strong fundamentals and policies will see it through, according to Abu Basha. He explains that average oil prices of USD 75-80\/bbl would weigh the current account deficit down by as little as 0.8%<\/strong>, which would still allow Egypt to pursue fiscal improvements (such as a narrower budget deficit of 8.4% of GDP and a primary surplus of 2%).<\/p>\n

Nonetheless, inflationary risk is clearly skewed to the upside, warned Abu Basha.<\/strong> These risks would be especially pronounced if the higher oil prices continue to 2019. \u201cSuch uncertainty clearly poses the risk of a relatively extended interruption of the easing cycle, possibly well into 2019,\u201d he added. In the short-term, this risk would depend on how much the government decides to raise fuel prices to cushion the budget deficit against high oil prices, possibly driving inflation to 14-15% in 2H2018<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

BUDGET WATCH- Will parliament pass the FY2018-19 budget today ? The House of Representatives is expected to pass the FY2018-19 budget today (uncharacteristically early) after the general assembly wrapped up yesterday its discussion of the Budget Committee\u2019s report, according to Ahram Gate. Health and education both received additional earmarks to fund initiatives including the new […]<\/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-627559","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b380912f-9f4d-4d12-b7e8-8746a7dbb296","order":"0","is_powered_by":true,"section_story_id":"c5c053a3-d094-4045-8856-09a192ea2524","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627550],"teaser":"","voice_url":""},"yoast_head":"\nHouse expected to pass the FY2018-19 budget today, FinMin holds fast on oil price projections as global rally looks set to cool - 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\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House expected to pass the FY2018-19 budget today, FinMin holds fast on oil price projections as global rally looks set to cool\" \/>\n<meta property=\"og:description\" content=\"BUDGET WATCH- Will parliament pass the FY2018-19 budget today ? The House of Representatives is expected to pass the FY2018-19 budget today (uncharacteristically early) after the general assembly wrapped up yesterday its discussion of the Budget Committee\u2019s report, according to Ahram Gate. Health and education both received additional earmarks to fund initiatives including the new […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-06-05T04:12:34+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House expected to pass the FY2018-19 budget today, FinMin holds fast on oil price projections as global rally looks set to cool\",\"datePublished\":\"2018-06-05T04:12:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/\"},\"wordCount\":488,\"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\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/\",\"name\":\"House expected to pass the FY2018-19 budget today, FinMin holds fast on oil price projections as global rally looks set to cool - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-06-05T04:12:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"House expected to pass the FY2018-19 budget today, FinMin holds fast on oil price projections as global rally looks set to cool\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"House expected to pass the FY2018-19 budget today, FinMin holds fast on oil price projections as global rally looks set to cool - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/","og_locale":"en_US","og_type":"article","og_title":"House expected to pass the FY2018-19 budget today, FinMin holds fast on oil price projections as global rally looks set to cool","og_description":"BUDGET WATCH- Will parliament pass the FY2018-19 budget today ? The House of Representatives is expected to pass the FY2018-19 budget today (uncharacteristically early) after the general assembly wrapped up yesterday its discussion of the Budget Committee\u2019s report, according to Ahram Gate. Health and education both received additional earmarks to fund initiatives including the new […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-06-05T04:12:34+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"House expected to pass the FY2018-19 budget today, FinMin holds fast on oil price projections as global rally looks set to cool","datePublished":"2018-06-05T04:12:34+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/"},"wordCount":488,"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\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/","name":"House expected to pass the FY2018-19 budget today, FinMin holds fast on oil price projections as global rally looks set to cool - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-06-05T04:12:34+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/05\/house-expected-to-pass-the-fy2018-19-budget-today-finmin-holds-fast-on-oil-price-projections-as-global-rally-looks-set-to-cool\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"House expected to pass the FY2018-19 budget today, FinMin holds fast on oil price projections as global rally looks set to cool"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":597714,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/govt-revises-downwards-fy2018-19-growth-forecast-to-5-6\/","url_meta":{"origin":627559,"position":0},"title":"Gov\u2019t revises downwards FY2018-19 growth forecast to 5.6%","author":"enterpriseam admin","date":"2 May 2019","format":false,"excerpt":"EXCLUSIVE- FinMin revises FY2018-2019 growth forecast to 5.6%: The Finance Ministry has revised downwards its growth forecast for FY2018-2019 to 5.6%, down from 5.8% previously, according to an official document seen by Enterprise. The budget deficit declined during the first nine months of the fiscal year to 5.3%, compared to\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":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":627559,"position":1},"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":[]},{"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":627559,"position":2},"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":596528,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/01\/egypt-plans-fuel-hedging-for-fy2019-2020-confirms-hedging-took-place-in-fy2018-19\/","url_meta":{"origin":627559,"position":3},"title":"Egypt plans fuel hedging for FY2019-2020, confirms hedging took place in FY2018-19","author":"enterpriseam admin","date":"1 July 2019","format":false,"excerpt":"Government plans fuel hedging for FY2019-2020, confirms hedging took place in FY2018-2019: Egypt is planning to hedge against rising oil prices for the second year in a row, Finance Minister Mohamed Maait said in an interview last week, Bloomberg reports. This comes two weeks after a government source told 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\/1\/661.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596631,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/el-sisi-madbouly-maait-recap-egypts-economic-performance-in-fy2018-2019\/","url_meta":{"origin":627559,"position":4},"title":"El Sisi, Madbouly, Maait recap Egypt\u2019s economic performance in FY2018-2019","author":"enterpriseam admin","date":"3 July 2019","format":false,"excerpt":"The government met its 8.4% budget deficit and 2% primary budget surplus targets in FY2018-2019, which ended on Sunday, according to an Ittihadiya statement out following a meeting between President Abdel Fattah El Sisi, Prime Minister Moustafa Madbouly, and Finance Minister Mohamed Maait. The economy grew at a 5.6% clip,\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":627559,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627559","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=627559"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/627559\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/627550"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=627559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=627559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=627559"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=627559"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=627559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}