{"id":670235,"date":"2025-08-17T00:00:00","date_gmt":"2025-08-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/"},"modified":"2025-08-17T00:00:00","modified_gmt":"2025-08-17T00:00:00","slug":"our-first-look-at-the-economys-performance-last-fiscal-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/","title":{"rendered":"Our first look at the economy\u2019s performance last fiscal year"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">  <strong>Egypt recorded its highest-ever primary surplus of EGP 629 bn \u2014 3.6% of <\/strong><strong>GDP \u2014 in the fiscal year 2024-2025<\/strong>, up 80% y-o-y. This came during a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/Egy.Pres.Spokesman\/posts\/%D8%A5%D8%AC%D8%AA%D9%85%D8%B9-%D8%A7%D9%84%D8%B3%D9%8A%D8%AF-%D8%A7%D9%84%D8%B1%D8%A6%D9%8A%D8%B3-%D8%B9%D8%A8%D8%AF-%D8%A7%D9%84%D9%81%D8%AA%D8%A7%D8%AD-%D8%A7%D9%84%D8%B3%D9%8A%D8%B3%D9%8A-%D8%A7%D9%84%D9%8A%D9%88%D9%85-%D9%85%D8%B9-%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D9%85%D8%B5%D8%B7%D9%81%D9%89-%D9%85%D8%AF%D8%A8%D9%88%D9%84%D9%8A-%D8%B1%D8%A6%D9%8A%D8%B3-%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88\/1319763449512380\/\" style=\"\" rel=\"noopener\">meeting<\/a> yesterday between President Abdel Fattah El Sisi, Prime Minister Moustafa Madbouly, and Finance Minister Ahmed Kouchouk to review last fiscal year\u2019s preliminary financial indicators. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The surplus came despite external pressures <\/strong>including a 60% shortfall in Suez Canal revenues compared to budget targets, leading to a gap of about EGP 145 bn, Kouchouk said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tax revenues saw their fastest growth in years, rising 35.3% y-o-y to EGP 2.2 tn<\/strong>, which Kouchouk attributed to tax measures introduced to widen the tax base and create a more efficient tax system. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>The Finance Ministry has been rolling out tax reforms aimed at boosting tax revenues without the introduction of new taxes, that includes <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f796061f-e05e-42ce-8379-84ce0271c6f2\/egypt%25e2%2580%2599s-finance-ministry-releases-guide-on-new-tax-reforms\" style=\"\" rel=\"noopener\">measures<\/a> to make it more attractive for businesses to settle disputes dating to before 2020 and simplifying the SME tax regime. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Already bearing fruit: <\/strong>Between February and August around 402k companies put in requests to settle pre-2020 tax disputes and more than 104k SMEs have filed requests to qualify for the new tax breaks, under which they will be taxed on their turnover. The Finance Ministry also received 650k amended and new tax returns, generating nearly EGP 78 bn in revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Revenue growth outpaces spending: <\/strong>Total revenues rose 29.0% y-o-y during the fiscal year, while primary spending increased at a slower pace, growing by 16.3% y-o-y.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>No word on growth: <\/strong>The meeting didn\u2019t cover other indicators that would help give us a better understanding of the fiscal year\u2019s performance, like growth. We know that the government expects growth for FY 2024-25 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c2a009e9-fa81-4c71-8ade-c1ea57a8e2d6\/gdp-grows-at-fastest-pace-in-three-years-in-3q-fy-2024-25\" style=\"\" rel=\"noopener\">to exceed its 4.0% target<\/a>, thanks to a rebound in private investment and non-oil manufacturing activity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Moving forward: <\/strong>El Sisi directed the officials to keep their focus on fiscal discipline, while working more closely with the private sector to sustain growth and financial stability. Priorities include cutting debt service costs, maintaining a primary surplus, and channeling more spending toward social protection programs, along with additional allocations for healthcare and education.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax revenues jumped 35% y-o-y during the fiscal year<\/p>\n","protected":false},"author":1,"featured_media":670236,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7206],"tags":[279,104,72,1318],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-670235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-budget-watch","tag-economy","tag-enterpriseam","tag-fiscal-policy","wpautop","entry"],"acf":{"mongo_id":"799756ca-48c5-4dab-85ed-6530551cb65d","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/8\/995.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Egypt posts highest ever primary surplus in FY 2024-2025","related_issue":[670230],"teaser":"Tax revenues jumped 35% y-o-y during the fiscal year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/8\/.28482a06-2053-400b-8e53-017e4cca4c8a.mp3"},"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>Our first look at the economy\u2019s performance last fiscal year - 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\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our first look at the economy\u2019s performance last fiscal year\" \/>\n<meta property=\"og:description\" content=\"Tax revenues jumped 35% y-o-y during the fiscal year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-17T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?fit=%2C&ssl=1\" \/>\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\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Our first look at the economy\u2019s performance last fiscal year\",\"datePublished\":\"2025-08-17T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/\"},\"wordCount\":372,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?fit=%2C&ssl=1\",\"keywords\":[\"budget watch\",\"economy\",\"EnterpriseAM\",\"fiscal policy\"],\"articleSection\":[\"Economy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/\",\"name\":\"Our first look at the economy\u2019s performance last fiscal year - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-08-17T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Our first look at the economy\u2019s performance last fiscal year\"}]},{\"@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":"Our first look at the economy\u2019s performance last fiscal year - 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\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/","og_locale":"en_US","og_type":"article","og_title":"Our first look at the economy\u2019s performance last fiscal year","og_description":"Tax revenues jumped 35% y-o-y during the fiscal year","og_url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2025-08-17T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Our first look at the economy\u2019s performance last fiscal year","datePublished":"2025-08-17T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/"},"wordCount":372,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?fit=%2C&ssl=1","keywords":["budget watch","economy","EnterpriseAM","fiscal policy"],"articleSection":["Economy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/","url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/","name":"Our first look at the economy\u2019s performance last fiscal year - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?fit=%2C&ssl=1","datePublished":"2025-08-17T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/17\/our-first-look-at-the-economys-performance-last-fiscal-year\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Our first look at the economy\u2019s performance last fiscal year"}]},{"@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\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/995.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":582909,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/03\/15\/growth-slows-in-2q-2022-2023\/","url_meta":{"origin":670235,"position":0},"title":"Growth slows in 2Q 2022-2023","author":"enterpriseam admin","date":"15 March 2023","format":false,"excerpt":"The economy expanded at a 8.3% clip in the same period last year","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/3\/Cairo-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556997,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/02\/we-smashed-growth-expectations-in-4q2020-2021\/","url_meta":{"origin":670235,"position":1},"title":"We smashed growth expectations in 4Q2020-2021","author":"enterpriseam admin","date":"2 September 2021","format":false,"excerpt":"Egypt\u2019s economy grew at a 7.7% clip in 4Q2020-2021, accelerating from a contraction of 1.7% during the final quarter of the previous fiscal year \u2014 and up from the2.9% growth recorded in 3Q2020-2021 quarter, Planning Minister Hala El Said said during a Cabinet meeting yesterday. Reuters also has the story.The\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/23.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560047,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/14\/taking-stock\/","url_meta":{"origin":670235,"position":2},"title":"Taking stock","author":"enterpriseam admin","date":"14 February 2021","format":false,"excerpt":"Egypt recorded a primary budget surplus of EGP 18.1 bn in 7M2020-2021, up from EGP 14bn at the end of 1H2020-21, Finance Minister Mohamed Maait said yesterday during a meeting with President Abdel Fattah El Sisi, according to an Ittihadiya statement.State revenues rose 16% y-o-y, a marked improvement from the\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/210.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577604,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/economy-grew-4-4-y-o-y-in-the-first-quarter-of-2022-despite-global-headwinds\/","url_meta":{"origin":670235,"position":3},"title":"Economy grew 4.4% y-o-y in the first quarter of 2022 despite global headwinds","author":"enterpriseam admin","date":"29 November 2022","format":false,"excerpt":"Egypt\u2019s economy grew 4.4% y-o-y in 1Q FY 2022-2023, according to preliminary data from the Planning Ministry. GDP growth in the first quarter of the state\u2019s current fiscal year (which starts in July) came despite continued global headwinds thanks to the pandemic, the war in Ukraine, and climate change, Planning\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/471.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566196,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/02\/are-we-there-yet\/","url_meta":{"origin":670235,"position":4},"title":"Are we there yet?","author":"enterpriseam admin","date":"2 June 2021","format":false,"excerpt":"Egypt is expected to (almost) match its pre-pandemic growth level in this final quarter of the state\u2019s current fiscal year. The economy is penciled in to grow 5.2-5.5% this quarter, which wraps up on 31 June, according to figures Planning and Economic Development Minister Hala El Said presented at today\u2019s\u2026","rel":"","context":"In &quot;SPEED ROUND: ECONOMY&quot;","block_context":{"text":"SPEED ROUND: ECONOMY","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/409.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561431,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/07\/somehow-weve-generated-a-primary-surplus-so-far-this-fiscal-year\/","url_meta":{"origin":670235,"position":5},"title":"Somehow we\u2019ve generated a primary surplus so far this fiscal year","author":"enterpriseam admin","date":"7 April 2021","format":false,"excerpt":"The Madbouly government delivered a primary surplus of EGP 25 bn during the first nine months of FY2020-2021, despite the economic shock of the coronavirus heaping pressure on public finances, Finance Minister Mohamed Maait said yesterday. This came as revenue growth outpaced a rise in spending, with income rising almost\u2026","rel":"","context":"In &quot;PUBLIC FINANCES&quot;","block_context":{"text":"PUBLIC FINANCES","link":"https:\/\/enterpriseam.com\/egypt\/category\/public-finances\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/61.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/670235","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=670235"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/670235\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/670230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/670236"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=670235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=670235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=670235"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=670235"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=670235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}