{"id":638584,"date":"2017-10-09T03:45:26","date_gmt":"2017-10-09T03:45:26","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/oil-price-movements-cost-state-budget-egp-3-4-bn-for-every-usd-1-movement-maait\/"},"modified":"2017-10-09T03:45:26","modified_gmt":"2017-10-09T03:45:26","slug":"oil-price-movements-cost-state-budget-egp-3-4-bn-for-every-usd-1-movement-maait","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/09\/oil-price-movements-cost-state-budget-egp-3-4-bn-for-every-usd-1-movement-maait\/","title":{"rendered":"Oil price movements cost state budget EGP 3-4 bn for every USD 1 movement -Maait"},"content":{"rendered":"

A USD 1 increase in the price of oil costs the state\u2019s FY2017-18 budget EGP 3-4 bn, Vice Minister of Finance Mohamed Maait tells Al Mal<\/a>. He says the budget was drafted on the base assumption of oil prices hovering around USD 55 per bbl.<\/p>\n","protected":false},"excerpt":{"rendered":"

A USD 1 increase in the price of oil costs the state\u2019s FY2017-18 budget EGP 3-4 bn, Vice Minister of Finance Mohamed Maait tells Al Mal. He says the budget was drafted on the base assumption of oil prices hovering around USD 55 per bbl.<\/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-638584","post","type-post","status-publish","format-standard","hentry","category-egypt-politics-economics","tag-egypt-politics-economics","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b575d267-9813-40bb-88af-59443dceb585","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[638546],"teaser":"","voice_url":""},"yoast_head":"\nOil price movements cost state budget EGP 3-4 bn for every USD 1 movement -Maait - 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\/2017\/10\/09\/oil-price-movements-cost-state-budget-egp-3-4-bn-for-every-usd-1-movement-maait\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oil price movements cost state budget EGP 3-4 bn for every USD 1 movement -Maait\" \/>\n<meta property=\"og:description\" content=\"A USD 1 increase in the price of oil costs the state\u2019s FY2017-18 budget EGP 3-4 bn, Vice Minister of Finance Mohamed Maait tells Al Mal. 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Our math suggests government spending will increase 9% during the year in what Finance Minister Mohamed Maait called Egypt\u2019s\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\/3\/350.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621897,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/21\/egypts-budget-deficit-narrowed-to-1-9-in-1q18-19\/","url_meta":{"origin":638584,"position":2},"title":"Egypt\u2019s budget deficit narrowed to 1.9% in 1Q18-19","author":"enterpriseam admin","date":"21 November 2018","format":false,"excerpt":"Egypt\u2019s budget deficit narrowed slightly to 1.9% during the first quarter of FY2018-19, down from 2% during the same period in the last fiscal year, Finance Minister Mohamed Maait said, according to Reuters. Maait said the narrowing of the deficit indicates that Egypt is on track to meet its budget\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":628983,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/20\/govt-preparing-to-tweak-budget-for-higher-oil-prices\/","url_meta":{"origin":638584,"position":3},"title":"Gov\u2019t preparing to tweak budget for higher oil prices?","author":"enterpriseam admin","date":"20 May 2018","format":false,"excerpt":"EXCLUSIVE- Gov\u2019t preparing to tweak budget for higher oil prices? 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":[]},{"id":573819,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/18\/el-sisi-ratifies-egp-80-bn-overdraft-for-egypts-fy2019-2020-budget\/","url_meta":{"origin":638584,"position":4},"title":"El Sisi ratifies EGP 80 bn overdraft for Egypt\u2019s FY2019-2020 budget","author":"enterpriseam admin","date":"18 August 2020","format":false,"excerpt":"President Abdel Fattah El Sisi has ratified a EGP 80 bn overdraft for the FY 2019-2020 state budget approved by the House last month. 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