{"id":631886,"date":"2018-03-29T04:10:21","date_gmt":"2018-03-29T04:10:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/"},"modified":"2018-03-29T04:10:21","modified_gmt":"2018-03-29T04:10:21","slug":"pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/","title":{"rendered":"PM receives FY2018-19 budget for review before shipping it off to the House by 31 March"},"content":{"rendered":"<p><strong>BUDGET WATCH- New state budget with prime minister, due to House on Saturday: <\/strong>The Finance Ministry handed the state\u2019s FY2018-19 budget over to Prime Minister Sherif Ismail yesterday for review before it\u2019s sent to the House of Representatives on Saturday, 31 March. <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/26\/house-aims-to-pass-local-administration-act-press-and-media-act-part-2-this-legislative-session\/\">As we noted on Monday<\/a>, the budget includes a GDP growth target of 5.8%, aims to reduce the budget deficit to 8.4% of GDP, and achieve a primary surplus equivalent to 2% of GDP. The new budget also sees sovereign debt coming in at 91% of GDP and government earnings growing by 22% y-o-y to exceed an estimated 15.5% y-o-y rise in public spending, <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/-meet-with-the-Minister-of-Finance.aspx\">according to a Cabinet statement<\/a>.<\/p>\n<p><strong>The FY2018-19 budget allocates EGP 322 bn to social welfare and protection programs<\/strong>. The government also earmarks EGP 266 bn for public wages, EGP 149 bn to government investments in infrastructure projects and services (particularly in Upper Egypt and governorates along Egypt\u2019s borders), and EGP 60 bn for ensuring the availability of basic commodities and services. Prime Minister Sherif Ismail had <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/22\/govt-shores-up-social-protections-in-new-budget-ahead-of-subsidy-cuts-in-july\/\">said last week<\/a> that the government would be shoring up the social safety net in the new budget through wage increases for public sector workers, adding new citizens to the Takaful and Karama programs, and increasing spending on commodity subsidies for the lowest income citizens.<\/p>\n<p><strong>The Ismail cabinet is expected to present the budget to President Abdel Fattah El Sisi <\/strong>before it\u2019s shipped off to the House, Finance Minister Amr El Garhy <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1275635\">confirmed to AMAY<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BUDGET WATCH- New state budget with prime minister, due to House on Saturday: The Finance Ministry handed the state\u2019s FY2018-19 budget over to Prime Minister Sherif Ismail yesterday for review before it\u2019s sent to the House of Representatives on Saturday, 31 March. As we noted on Monday, the budget includes a GDP growth target of [&hellip;]<\/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-631886","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c29296b5-4946-47f3-bfd7-156837c50059","order":"0","is_powered_by":true,"section_story_id":"24b0c822-2b3a-41df-8ed4-39dd2ffc5838","story_type":"1","photo_url":"","photo_position":"above","related_issue":[631870],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>PM receives FY2018-19 budget for review before shipping it off to the House by 31 March - 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\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM receives FY2018-19 budget for review before shipping it off to the House by 31 March\" \/>\n<meta property=\"og:description\" content=\"BUDGET WATCH- New state budget with prime minister, due to House on Saturday: The Finance Ministry handed the state\u2019s FY2018-19 budget over to Prime Minister Sherif Ismail yesterday for review before it\u2019s sent to the House of Representatives on Saturday, 31 March. As we noted on Monday, the budget includes a GDP growth target of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-29T04:10:21+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\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PM receives FY2018-19 budget for review before shipping it off to the House by 31 March\",\"datePublished\":\"2018-03-29T04:10:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/\"},\"wordCount\":258,\"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\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/\",\"name\":\"PM receives FY2018-19 budget for review before shipping it off to the House by 31 March - 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As we noted on Monday, the budget includes a GDP growth target of [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-03-29T04:10:21+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"PM receives FY2018-19 budget for review before shipping it off to the House by 31 March","datePublished":"2018-03-29T04:10:21+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/"},"wordCount":258,"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\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/","name":"PM receives FY2018-19 budget for review before shipping it off to the House by 31 March - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-03-29T04:10:21+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"PM receives FY2018-19 budget for review before shipping it off to the House by 31 March"}]},{"@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":630952,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/06\/finance-minister-presents-initial-outline-for-fy2018-19-state-budget\/","url_meta":{"origin":631886,"position":0},"title":"Finance Minister presents initial outline for FY2018\/19 state budget","author":"enterpriseam admin","date":"6 March 2018","format":false,"excerpt":"The Finance Ministry is targeting a budget deficit of between 8.5 and 8.8% of GDP in FY2018-19, according to an initial outline Minister Amr El Garhy presented to Prime Minister Sherif Ismail yesterday, Youm7 reports. The ministry is also hoping to achieve a primary surplus of 1.8-2%. El Garhy also\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":631436,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/19\/ismail-cabinet-approves-state-budget-for-fy2018-19\/","url_meta":{"origin":631886,"position":1},"title":"Ismail cabinet approves state budget for FY2018-19","author":"enterpriseam admin","date":"19 March 2018","format":false,"excerpt":"The Ismail cabinet approved the state budget for FY2018-19, which targets GDP growth of 5.8%, up from 5.2% in the current fiscal year. The budget also targets a deficit of 8.4% of GDP, according to a statement from the cabinet. The goal is to bring Egypt\u2019s finances to a primary\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":598693,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/egypts-budget-deficit-hits-5-3-of-gdp-in-9m2018-2019\/","url_meta":{"origin":631886,"position":2},"title":"Egypt\u2019s budget deficit hits 5.3% of GDP in 9M2018-2019","author":"enterpriseam admin","date":"2 June 2019","format":false,"excerpt":"Egypt\u2019s budget deficit fell to 5.3% of GDP in 9M2018-2019, compared to 6.2% in the same period the previous year, the Finance Ministry said in its April monthly bulletin (pdf). The primary surplus came at 0.7% of GDP during the first nine months of the fiscal year. The numbers came\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":596631,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/03\/el-sisi-madbouly-maait-recap-egypts-economic-performance-in-fy2018-2019\/","url_meta":{"origin":631886,"position":3},"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 &quot;Speed Round&quot;","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":597714,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/02\/govt-revises-downwards-fy2018-19-growth-forecast-to-5-6\/","url_meta":{"origin":631886,"position":4},"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 &quot;Speed Round&quot;","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":631101,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/11\/finance-ministry-updates-projection-for-budget-deficit-this-year-to-9-6-9-8-of-gdp\/","url_meta":{"origin":631886,"position":5},"title":"Finance Ministry updates projection for budget deficit this year to 9.6-9.8% of GDP","author":"enterpriseam admin","date":"11 March 2018","format":false,"excerpt":"The government is expecting the budget deficit for the current fiscal year to reach 9.5-9.7% of GDP, down from 10.9% in FY2016-17, according to a statement from Ittihadiya. It expects this to drop again to 8.5% of GDP in FY2018-19. The Finance Ministry had announced on Thursday that the budget\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/631886","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=631886"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/631886\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/631870"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=631886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=631886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=631886"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=631886"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=631886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}