{"id":632849,"date":"2018-02-21T03:57:00","date_gmt":"2018-02-21T03:57:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/what-were-tracking-on-21-february-2018\/"},"modified":"2018-02-21T03:57:00","modified_gmt":"2018-02-21T03:57:00","slug":"what-were-tracking-on-21-february-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/21\/what-were-tracking-on-21-february-2018\/","title":{"rendered":"What we\u2019re tracking on 21 February 2018"},"content":{"rendered":"

<\/a> Amr El Garhy is projecting revenues in FY2018-19 will reach EGP 1 tn, a first in the country\u2019s history<\/strong>, Finance Ministry sources told Al Mal on Tuesday<\/a>. The statements come as the ministry has begun drafting the budget for the next fiscal year with the hope of introducing it to the House of Representatives next month<\/strong>, the newspaper said. Revenues for the current fiscal year were projected to reach EGP 838 bn. The ministry is also hoping to cap expenditures in the FY2018-19 budget to EGP 1.6 tn, up from EGP 1.3 tn in the current budget. Look for a budget deficit of c. 8.5% of GDP<\/strong>, down from a projected 9.5% in FY2017-18.<\/p>\n

The ministry also wants you to know that you will be able to file your tax returns electronically as of next week, <\/strong>once the Tax Authority\u2019s database and registration services come online. The ministry announced in a statement yesterday<\/a> that the move to a digital tax platform is expected to improve Egypt\u2019s global ranking in World Bank\u2019s Doing Business report.<\/p>\n

Azerbaijani Economy Minister Shahin Mustafayev is expected to arrive in Egypt today<\/strong> for talks on economic, technical, and scientific cooperation between the two countries.<\/p>\n","protected":false},"excerpt":{"rendered":"

Amr El Garhy is projecting revenues in FY2018-19 will reach EGP 1 tn, a first in the country\u2019s history, Finance Ministry sources told Al Mal on Tuesday. The statements come as the ministry has begun drafting the budget for the next fiscal year with the hope of introducing it to the House of Representatives next […]<\/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":[7204],"tags":[72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632849","post","type-post","status-publish","format-standard","hentry","category-what-were-tracking-today","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"ec19c23f-f17e-403a-9cb5-3f0facdfecbe","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[632847],"teaser":"","voice_url":""},"yoast_head":"\nWhat we\u2019re tracking on 21 February 2018 - 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\/02\/21\/what-were-tracking-on-21-february-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What we\u2019re tracking on 21 February 2018\" \/>\n<meta property=\"og:description\" content=\"Amr El Garhy is projecting revenues in FY2018-19 will reach EGP 1 tn, a first in the country\u2019s history, Finance Ministry sources told Al Mal on Tuesday. 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The overall deficit fell short of ministry forecasts of 7.2% of GDP at the end of the fiscal year, but is still an improvement\u2026","rel":"","context":"In "BUDGET WATCH"","block_context":{"text":"BUDGET WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/budget-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570596,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/07\/finmin-expecting-egp-974-bn-in-tax-revenues-for-draft-fy2020-2021-budget\/","url_meta":{"origin":632849,"position":2},"title":"FinMin expecting EGP 974 bn in tax revenues for draft FY2020-2021 budget","author":"enterpriseam admin","date":"7 April 2020","format":false,"excerpt":"BUDGET WATCH- The Finance Ministry is aiming to collect EGP 974 bn in tax revenue in the coming fiscal year, according to its draft FY2020-2021 budget, the local press reports. 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