{"id":634503,"date":"2018-01-16T04:09:57","date_gmt":"2018-01-16T04:09:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/mp-submits-inquiry-into-differences-between-actual-and-estimated-costs-in-fy2017-18-budget\/"},"modified":"2018-01-16T04:09:57","modified_gmt":"2018-01-16T04:09:57","slug":"mp-submits-inquiry-into-differences-between-actual-and-estimated-costs-in-fy2017-18-budget","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/16\/mp-submits-inquiry-into-differences-between-actual-and-estimated-costs-in-fy2017-18-budget\/","title":{"rendered":"MP submits inquiry into differences between actual and estimated costs in FY2017-18 budget"},"content":{"rendered":"

MP Mohamed Fouad says he submitted an official inquiry to House Speaker Ali Abdel Aal yesterday about the differences between the estimated and actual costs of items in the FY2017-18 state budget. The price of oil, for example, was set at an average USD 55 per barrel for the fiscal year, but has now climbed to USD 70 per barrel, which Fouad tells Al Mal<\/a> would cost state coffers an additional EGP 45 bn. The projected exchange rate was also set at EGP 16 per greenback, but the actual rate appears to be stabilizing at an average EGP 17.7 per USD, which would require an unaccounted for EGP 25 bn, he added. The memo was addressed to Prime Minister Sherif Ismail and Finance Minister Amr El Garhy, and comes less than a week<\/a> after El Garhy announced that Egypt\u2019s budget deficit has narrowed in 1H2017-18, coming in at 4.4% of GDP, compared to 5% in the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"

MP Mohamed Fouad says he submitted an official inquiry to House Speaker Ali Abdel Aal yesterday about the differences between the estimated and actual costs of items in the FY2017-18 state budget. The price of oil, for example, was set at an average USD 55 per barrel for the fiscal year, but has now climbed […]<\/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":[9346],"tags":[2376,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634503","post","type-post","status-publish","format-standard","hentry","category-egypt-politics-economics","tag-egypt-politics-economics","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"521d1f9f-65da-44e8-a490-aeb4a45a4f1c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"MP submits inquiry into differences between actual and estimated costs in FY2017-18 budget","related_issue":[634459],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.3e0b6256-c275-44d6-a0cf-b71baf996572.mp3"},"yoast_head":"\nMP submits inquiry into differences between actual and estimated costs in FY2017-18 budget - 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\/01\/16\/mp-submits-inquiry-into-differences-between-actual-and-estimated-costs-in-fy2017-18-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MP submits inquiry into differences between actual and estimated costs in FY2017-18 budget\" \/>\n<meta property=\"og:description\" content=\"MP Mohamed Fouad says he submitted an official inquiry to House Speaker Ali Abdel Aal yesterday about the differences between the estimated and actual costs of items in the FY2017-18 state budget. 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The Ismail Cabinet will decide in the coming two weeks whether to raise the overdraft limit in the FY2017-18 budget to give itself breathing room in the context of climbing oil prices, Vice Minister of Finance Mohamed Maait tells 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\/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\/634503","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=634503"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634503\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/634459"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=634503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=634503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=634503"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=634503"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=634503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}