{"id":642236,"date":"2017-08-09T04:12:12","date_gmt":"2017-08-09T04:12:12","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/falling-budget-deficit-criteria-for-new-subsidy-beneficiaries-dominates-last-nights-talk-shows\/"},"modified":"2017-08-09T04:12:12","modified_gmt":"2017-08-09T04:12:12","slug":"falling-budget-deficit-criteria-for-new-subsidy-beneficiaries-dominates-last-nights-talk-shows","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/falling-budget-deficit-criteria-for-new-subsidy-beneficiaries-dominates-last-nights-talk-shows\/","title":{"rendered":"Falling budget deficit, criteria for new subsidy beneficiaries dominates Last Night\u2019s Talk Shows"},"content":{"rendered":"<p><strong>Egypt\u2019s falling budget deficit and new eligibility criteria for subsidy beneficiaries<\/strong> were front and center on the airwaves last night.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>The budget deficit narrowed to 10.9% in FY2016-17 from 12.5% a year before \u201cwithout <\/strong><strong>any help from Arab neighbors,\u201d<\/strong> Finance Minister Amr El Garhy told Masaa DMC\u2019s Osama Kamal in an interview. The primary deficit also dropped to 1.8% from 3.6%, El Garhy said, thanks to a 28.7% y-o-y rise in state income, driven largely by revenues from taxes, the Suez Canal, and state-run companies. Expenditures climbed a fairly modest 22% y-o-y, the minister added (<a href=\"https:\/\/www.youtube.com\/watch?v=Yw5NUIxKhAA\">watch, runtime 6:13<\/a>).<\/p>\n<p><strong>The government will continue to focus on strengthening the social safety net<\/strong> in the FY2017-18 budget, El Garhy told Kamal, explaining that the state is spending EGP 85 bn on food subsidies this year, compared to EGP 47-48 bn in FY2016-17 (<a href=\"https:\/\/www.youtube.com\/watch?v=oUPHcBQIQZ8\">watch, runtime 2:55<\/a>). Other measures include recent income tax cuts for both public- and private-sector employees, which will cost state coffers some EGP 7-8 bn (<a href=\"https:\/\/www.youtube.com\/watch?v=n-eqLHExqXM\">watch, runtime 5:51<\/a>).<\/p>\n<p><strong>El Garhy hopes to see tax revenues rise as a percentage of GDP to 17%<\/strong> from a current 13% over the next four years, promising people a gradual shift \u201cto a completely different country in three-to-five years\u2019 time\u201d (<a href=\"https:\/\/www.youtube.com\/watch?v=1lZDeYojInM\">watch, runtime 7:31<\/a>).<\/p>\n<p>Over on Yahduth fi Misr, <strong>tightened regulations for food subsidy eligibility took <\/strong><strong>centerstage. <\/strong>Supply Ministry spokesperson Mohamed Sewed implied to host Sherif Amer that Tuesday\u2019s decision might somehow be temporary. He explained that setting the monthly income threshold for eligibility for new ration cards at EGP 1,500 is not meant to exclude anyone from subsidy rolls but rather to help the ministry address needs that are presently more pressing.<\/p>\n<p>Another Supply Ministry spokesperson, Mamdouh Ramadan, told Hona Al Asema\u2019s Dina Zahra (sitting in for Lamees El Hadidy) that the ministry will form a social justice committee that will <strong>reassess eligibility criteria at the end of the fiscal year.<\/strong> He also said that new beneficiaries can begin applying to the rolls as of today under the newly-set conditions (<a href=\"https:\/\/www.youtube.com\/watch?v=r2cloZCXpHk\">watch, runtime: 36:28<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s falling budget deficit and new eligibility criteria for subsidy beneficiaries were front and center on the airwaves last night. The budget deficit narrowed to 10.9% in FY2016-17 from 12.5% a year before \u201cwithout any help from Arab neighbors,\u201d Finance Minister Amr El Garhy told Masaa DMC\u2019s Osama Kamal in an interview. The primary deficit [&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":[9281],"tags":[2379,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-642236","post","type-post","status-publish","format-standard","hentry","category-enterprise-last-nights-talk-shows","tag-enterprise-last-nights-talk-shows","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"166c4414-8c40-4bb4-b6a3-9efdd52c941e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[642231],"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>Falling budget deficit, criteria for new subsidy beneficiaries dominates Last Night\u2019s Talk Shows - 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\/08\/09\/falling-budget-deficit-criteria-for-new-subsidy-beneficiaries-dominates-last-nights-talk-shows\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Falling budget deficit, criteria for new subsidy beneficiaries dominates Last Night\u2019s Talk Shows\" \/>\n<meta property=\"og:description\" content=\"Egypt\u2019s falling budget deficit and new eligibility criteria for subsidy beneficiaries were front and center on the airwaves last night. The budget deficit narrowed to 10.9% in FY2016-17 from 12.5% a year before \u201cwithout any help from Arab neighbors,\u201d Finance Minister Amr El Garhy told Masaa DMC\u2019s Osama Kamal in an interview. The primary deficit [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/falling-budget-deficit-criteria-for-new-subsidy-beneficiaries-dominates-last-nights-talk-shows\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-09T04:12:12+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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/falling-budget-deficit-criteria-for-new-subsidy-beneficiaries-dominates-last-nights-talk-shows\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/falling-budget-deficit-criteria-for-new-subsidy-beneficiaries-dominates-last-nights-talk-shows\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Falling budget deficit, criteria for new subsidy beneficiaries dominates Last Night\u2019s Talk Shows\",\"datePublished\":\"2017-08-09T04:12:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/falling-budget-deficit-criteria-for-new-subsidy-beneficiaries-dominates-last-nights-talk-shows\/\"},\"wordCount\":344,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Enterprise+: Last Night\u2019s Talk Shows\",\"EnterpriseAM\"],\"articleSection\":[\"Enterprise+: Last Night\u2019s Talk Shows\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/falling-budget-deficit-criteria-for-new-subsidy-beneficiaries-dominates-last-nights-talk-shows\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/09\/falling-budget-deficit-criteria-for-new-subsidy-beneficiaries-dominates-last-nights-talk-shows\/\",\"name\":\"Falling budget deficit, criteria for new subsidy beneficiaries dominates Last Night\u2019s Talk Shows - 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Cabinet fending off reports on cabinet shuffle; Aboutrika, Safwan Thabet labelled terrorists by association","author":"enterpriseam admin","date":"18 January 2017","format":false,"excerpt":"Lamees El Hadidy was shocked that Juhayna chairman Safwan Thabet, football great Mohamed Aboutrika and Business News publisher Mostafa Sakr have been placed on a terror list as allegedly known associates of the Ikhwan, suggesting the move was extreme (watch; runtime: 3:34). Aly El Dash, a lawyer for Thabet, said\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-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":644750,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/03\/fuel-and-commodity-prices-in-light-of-hike-and-vat-increase-dominate-the-debate\/","url_meta":{"origin":642236,"position":1},"title":"Fuel and commodity prices in light of hike and VAT increase dominate the debate","author":"enterpriseam admin","date":"3 July 2017","format":false,"excerpt":"Fuel prices will not be rising again in FY2017-18, Finance Minister Amr El Garhy told Amr Adib on last night\u2019s Kol Youm. The phase-out of energy subsidies will continue on its gradual trajectory for the next three-five years, El Garhy added, explaining that the most recent hike was necessary to\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-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":634291,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/railway-metro-ticket-price-increases\/","url_meta":{"origin":642236,"position":2},"title":"Railway, metro ticket price increases","author":"enterpriseam admin","date":"11 January 2018","format":false,"excerpt":"Despite Hona Al Assema\u2019s Lamees Al Hadidi being off last night, the airwaves had plenty on offer to keep us busy, including some new economic metrics and more on subsidy reform from Finance Minister Amr El Garhy.The government is committed to pursuing further economic reforms, but has no immediate plans\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-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":650243,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/20\/amr-el-garhy-interviewed-on-the-fy17-18-budget-lamees-also-ropes-in-former-mobinil-ceo-alex-shalaby-healthcare-act-could-be-law-after-six-months-of-passing-the-bill\/","url_meta":{"origin":642236,"position":3},"title":"Amr El Garhy interviewed on the FY17-18 budget; Lamees also ropes in former Mobinil CEO Alex Shalaby; Healthcare Act could be law after six months of passing the bill","author":"enterpriseam admin","date":"20 March 2017","format":false,"excerpt":"The airwaves last night had us singing some Etta James in the shower this morning after a stellar return to form by Lamees El Hadidi. We await the joys of a more humorous take on the economy when Amr Adib returns from his recuperation. Lamees had a lengthy phone call\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-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":631434,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/19\/state-ipo-program-tops-coverage-on-the-airwaves\/","url_meta":{"origin":642236,"position":4},"title":"State IPO program tops coverage on the airwaves","author":"enterpriseam admin","date":"19 March 2018","format":false,"excerpt":"With the unveiling of the state IPO program and the Ismail cabinet signing off on next year\u2019s budget, we finally have something to cut through the endless coverage of the elections. We have more in depth coverage of both of these topics in the Speed Round below.First state IPO coming\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-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":627386,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/opening-the-door-for-new-subsidy-beneficiaries-leads-the-conversation-on-talk-shows\/","url_meta":{"origin":642236,"position":5},"title":"Opening the door for new subsidy beneficiaries leads the conversation on talk shows","author":"enterpriseam admin","date":"31 July 2018","format":false,"excerpt":"The Supply Ministry opening the door for the registration of new beneficiaries to subsidy rolls led the conversation on last night\u2019s talk shows, with Minister Ali El Moselhy blanketing the airwaves to discuss the move.Allowing new additions to the country\u2019s subsidy rolls comes as part of the government\u2019s expansion of\u2026","rel":"","context":"In &quot;Enterprise+: Last Night\u2019s Talk Shows&quot;","block_context":{"text":"Enterprise+: Last Night\u2019s Talk Shows","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642236","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=642236"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/642236\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/642231"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=642236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=642236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=642236"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=642236"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=642236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}