{"id":629463,"date":"2018-05-31T04:09:28","date_gmt":"2018-05-31T04:09:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/31\/2018-19-budget-to-clear-house-head-to-el-sisi-within-days\/"},"modified":"2018-05-31T04:09:28","modified_gmt":"2018-05-31T04:09:28","slug":"2018-19-budget-to-clear-house-head-to-el-sisi-within-days","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/31\/2018-19-budget-to-clear-house-head-to-el-sisi-within-days\/","title":{"rendered":"2018-19 budget to clear House, head to El Sisi \u201cwithin days\u201d"},"content":{"rendered":"

<\/a> BUDGET WATCH- President Abdel Fattah El Sisi will reportedly receive the FY2018-19 state budget \u201cwithin days\u201d <\/strong>after it comes to a vote at the House of Representatives. The bill contains a number of scenarios for how to adjust for a potential surge in global oil prices, sources with knowledge of the matter tell Al Mal<\/a>. The rise in global oil prices has been a source of concern, as state estimates put the barrel at an average USD 67 in the budget<\/a>. Oil prices, however, have been on a steady incline<\/a>, trading at levels not seen since 2014, with Brent crude briedly crossing the USD 80\/bbl mark in recent weeks. Some MPs had called on the government to amend its fuel price projections if it hopes to meet its target budget deficit of 8.4% of GDP. But with subsidy cuts still in the offing, the government appears confident it can plug the gap. Analysts see fuel prices rising by c. 60%<\/a> next fiscal year.<\/p>\n","protected":false},"excerpt":{"rendered":"

BUDGET WATCH- President Abdel Fattah El Sisi will reportedly receive the FY2018-19 state budget \u201cwithin days\u201d after it comes to a vote at the House of Representatives. The bill contains a number of scenarios for how to adjust for a potential surge in global oil prices, sources with knowledge of the matter tell Al Mal. 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in a televised speech to mark mothers\u2019 day (watch,\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571397,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/11\/maait-signals-austerity-measures-if-covid-19-crisis-persists\/","url_meta":{"origin":629463,"position":1},"title":"Maait signals austerity measures if covid-19 crisis persists","author":"enterpriseam admin","date":"11 May 2020","format":false,"excerpt":"BUDGET WATCH- Austerity measures in the cards if crisis continues into FY2020-2021 -Maait: The government could cut back on spending in its FY2020-2021 budget if the covid-19 outbreak persists after July, Finance Minister Mohamed Maait said in a meeting with President Abdel Fattah El Sisi and Prime Minister Moustafa Madbouly\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\/5\/98.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571766,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/31\/egypt-could-further-tweak-budget-assumptions-as-covid-19-plays-out-finmin\/","url_meta":{"origin":629463,"position":2},"title":"Egypt could further tweak budget assumptions as covid-19 plays out -FinMin","author":"enterpriseam admin","date":"31 May 2020","format":false,"excerpt":"BUDGET WATCH- FinMin could further tweak budget assumptions as covid-19 plays out: The Finance Ministry is reviewing forecasts used to calculate the draft FY2020-2021 budget to account for recent economic developments caused by the covid-19 pandemic and the dramatic fluctuations of global oil prices, the ministry said in a statement.\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":570945,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/23\/egypt-nearly-halves-fuel-subsidy-spending-in-2020-2021-budget\/","url_meta":{"origin":629463,"position":3},"title":"Egypt nearly halves fuel subsidy spending in 2020-2021 budget","author":"enterpriseam admin","date":"23 April 2020","format":false,"excerpt":"FinMin nearly halves projected fuel subsidy spending in 2020-2021 budget: The Finance Ministry is allocating EGP 28.1 bn to subsidies for petroleum products in FY2020-2021, down by nearly half from EGP 52.9 bn in FY2019-2020 forecasts, according to figures obtained by Masrawy. 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The ministry assumed an average price of USD 255 per ton in this year\u2019s budget but the state is now paying USD 350, Supply\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/75.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":551442,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/19\/this-evening-fy-2022-2023-budget-amendments-to-the-competition-act-currently-under-discussion-el-sisi-meets-with-leaders-of-bahrain-and-jordan\/","url_meta":{"origin":629463,"position":5},"title":"THIS EVENING: FY 2022-2023 budget, amendments to the Competition Act currently under discussion + El Sisi meets with leaders of Bahrain and Jordan","author":"enterpriseam admin","date":"19 June 2022","format":false,"excerpt":"Good afternoon, ladies and gentlemen. It\u2019s a rather slow start to the week on the home front today as we shake off the weekend cobwebs.It\u2019s also Father\u2019s Day today. 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