The budget deficit has swelled to 69.6 billion pounds - 3.9% of the Egyptian GDP, compared to 47.2 billion pounds last year, a report by the Finance Ministry on Egypt's financial status in July-October 2012 said Saturday. National income has also increased by 13.5% amounting to 72.8 billions against 64.1 billions in 2011. Between July and October the government's expenditure was 27.8% of the budget, 141.7 billions opposed to 2011's 110.9 billions. The report concluded with social welfare and entitlement spending which rose to 32.4% or 29.3 billions versus 22.1 billions yesteryear between July and October.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor