Belt-Tightening Budget

Full details of Egypt’s 2014-15 budget starting on 1 July have become available. The budget deficit estimated at E£240bn ($33.8bn) is to fall to 10% of GDP from 12% in the previous year. Total energy subsidies of E£127bn ($17.8bn) – E£100bn for oil products and E£27bn for electricity – fall to 16.1% of total budget expenditure from 19.5% the previous year.


DON'T HAVE AN ACCOUNT?


NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?

By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.

UPGRADE