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Egyptian State Budget

Egypt seeking growth rate of 5.7% of GDP for FY2022/2023 | FinMin

Egypt is looking to bring the country's debt-to-GDP ratio down to less than 90% in the next fiscal year (FY 2022/2023)

Egypt’s budget deficit goes up to 3.7% during first 5M of FY 2021/2022

In its December report, the ministry revealed that the budget deficit amounted to EGP 266.94 billion during the July-November 2021 period

80% of gov’t agencies adopted programs & performance based budgeting | FinMin

The ministry was working towards harmonizing and linking budgets, including state revenues and expenditures

Egypt’s budget deficit jumps 31% to record EGP 220B in first 4 months of FY2021/2022

During the first 4 months of FY 2021/2022, the deficit reached EGP 219.8 billion, compared to EGP 171.3 billion in the same period

Egypt to invest EGP 65.3B in petroleum sector in FY 2021/2022: PlanningMin

The investments will include a distribution of EGP 48.7 billion for extraction activities, at a rate of 75%