An MP blamed the government for not developing an austerity plan.
The budget fails to meet the constitutionally mandated spending minimum for health and education.
Ahead of anticipated austerity measures, Parliament has approved a new social spending package
After months of denial, officials announce Egypt is seeking a loan from the IMF, but at what cost?
Egypt’s new draft budget, which Mada Masr reviewed, dedicates over 65 percent of total government spending in the coming fiscal year to…
Some MPs voted against the budget due to high borrowing costs and low social spending
The government's $2 billion financing target looms in under four weeks.
The government's financial statement reveals a massive and historic deficit
Public sector employees in Egypt are in line for the largest wage increase they have received in the last four years. However,…
A report by the Finance Ministry shows a drop in the deficit despite a fall in state revenues.
«Continuous political turmoil since January 2011, and the resulting decline in the annual growth rate to a near-recession level, have turned many of the Egyptian economy's…»
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