{"id":645223,"date":"2017-07-16T03:58:41","date_gmt":"2017-07-16T03:58:41","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/"},"modified":"2017-07-16T03:58:41","modified_gmt":"2017-07-16T03:58:41","slug":"govt-gives-its-figures-for-fy2016-17","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/","title":{"rendered":"Gov\u2019t gives its figures for FY2016-17"},"content":{"rendered":"<p><strong>Gov\u2019t presents its figures for FY2016-17:<\/strong> Planning Minister Hala Saeed appeared to respond to the IMF\u2019s macro indicators with its own forecast, seeing GDP growth for FY2016-17 landing at no less than 4% from an initial projection of 3.8-4%, she said in a press conference on Saturday, <a href=\"http:\/\/www.reuters.com\/article\/egypt-economy-gdp-idUSL8N1K60BE\">according to Reuters<\/a>. She projects that GDP growth for the fourth quarter of last fiscal year will exceed 4.5%, <a href=\"http:\/\/www.almalnews.com\/Story\/340092\/15\/%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%AA%D8%AE%D8%B7%D9%8A%D8%B7-%D9%85%D8%B9%D8%AF%D9%84-%D8%A7%D9%84%D9%86%D9%85%D9%88-%D8%B3%D9%8A%D8%AA%D8%AC%D8%A7%D9%88%D8%B2-4-5%D8%A8%D8%A7%D9%84%D9%85%D8%A6%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%B1%D8%A8%D8%B9-%D8%A7%D9%84%D8%B1%D8%A7%D8%A8%D8%B9-\">according to Al Mal<\/a>. On inflation, Saeed said that the recent subsidy cuts in fuel and electricity would have a minimal impact on inflation, <a href=\"http:\/\/www.almalnews.com\/Story\/340094\/15\/%D9%88%D8%B2%D9%8A%D8%B1%D8%A9-%D8%A7%D9%84%D8%AA%D8%AE%D8%B7%D9%8A%D8%B7-%D8%AA%D8%A3%D8%AB%D9%8A%D8%B1-%D8%B1%D9%81%D8%B9-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D8%A8%D9%86%D8%B2%D9%8A%D9%86-%D9%88%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%B9%D9%84%D9%89-%D8%A7%D9%84%D8%AA%D8%B6%D8%AE%D9%85-%D8%B7%D9%81%D9%8A%D9%81\">the newspaper reports.<\/a><\/p>\n<p>Meanwhile, <strong>the Finance Ministry puts the<\/strong> <strong>budget deficit for FY 2016-17 at 10.8% of GDP<\/strong>, down from 12.5% in FY2015-16, according to Vice Minister of Finance Amr El Monayer. The primary deficit also receded to 1.5% of GDP in the last fiscal year, compared to 3.5% in the year before. <strong>Tax revenues in FY2016-17 rose 30% year-on-year to EGP 433 bn,<\/strong> El Monayer told the press on Thursday, <a href=\"http:\/\/www.almasryalyoum.com\/news\/details\/1162201\">according to AMAY<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov\u2019t presents its figures for FY2016-17: Planning Minister Hala Saeed appeared to respond to the IMF\u2019s macro indicators with its own forecast, seeing GDP growth for FY2016-17 landing at no less than 4% from an initial projection of 3.8-4%, she said in a press conference on Saturday, according to Reuters. She projects that GDP growth [&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-645223","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c87e2a97-034c-4c20-8c88-c231bcab7ce9","order":"0","is_powered_by":true,"section_story_id":"9f7b5fe1-e361-4368-b3e0-0a9f9b486f05","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645215],"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>Gov\u2019t gives its figures for FY2016-17 - 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\/07\/16\/govt-gives-its-figures-for-fy2016-17\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t gives its figures for FY2016-17\" \/>\n<meta property=\"og:description\" content=\"Gov\u2019t presents its figures for FY2016-17: Planning Minister Hala Saeed appeared to respond to the IMF\u2019s macro indicators with its own forecast, seeing GDP growth for FY2016-17 landing at no less than 4% from an initial projection of 3.8-4%, she said in a press conference on Saturday, according to Reuters. She projects that GDP growth [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-16T03:58:41+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\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t gives its figures for FY2016-17\",\"datePublished\":\"2017-07-16T03:58:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/\"},\"wordCount\":170,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/\",\"name\":\"Gov\u2019t gives its figures for FY2016-17 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-07-16T03:58:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gov\u2019t gives its figures for FY2016-17\"}]},{\"@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\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gov\u2019t gives its figures for FY2016-17 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/16\/govt-gives-its-figures-for-fy2016-17\/","og_locale":"en_US","og_type":"article","og_title":"Gov\u2019t gives its figures for FY2016-17","og_description":"Gov\u2019t presents its figures for FY2016-17: Planning Minister Hala Saeed appeared to respond to the IMF\u2019s macro indicators with its own forecast, seeing GDP growth for FY2016-17 landing at no less than 4% from an initial projection of 3.8-4%, she said in a press conference on Saturday, according to Reuters. 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The Finance Ministry had previously said it expects GDP growth during FY2017-18 to come in at no less than 4.6%. Egypt's\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":567141,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/debt-servicing-seen-as-significant-headwind-for-egypts-recovery-moodys\/","url_meta":{"origin":645223,"position":1},"title":"Debt servicing seen as significant headwind for Egypt\u2019s recovery -Moody\u2019s","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"Egypt\u2019s debt service burden could be a significant headwind to our economic growth -Moody\u2019s: The country\u2019s economic growth agenda could be threatened by the government\u2019s interest bill \u2014 estimated at 9% of GDP in FY2019-2020 \u2014 \u201cwhich adds rigidity to the budget,\u201d Moody\u2019s said in its North Africa 2020 outlook\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\/1\/592.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":596003,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/18\/finmin-eyes-more-ambitious-debt-to-gdp-ratio-targets-for-egypt-within-three-years\/","url_meta":{"origin":645223,"position":2},"title":"FinMin eyes more ambitious debt-to-GDP ratio targets for Egypt within three years","author":"enterpriseam admin","date":"18 August 2019","format":false,"excerpt":"FinMin eyes more ambitious debt-to-GDP ratio targets within three years: The Finance Ministry is planning to reduce Egypt\u2019s debt-to-GDP ratio to pre-2011 levels of 77.5% by the end of FY2021-2022, according to a ministry statement. 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