COOKIE NOTICE

We use cookies for analytics, advertising and to improve our site. You agree to our use of cookies by closing this message box or continuing to use our site. To find out more, including how to change your settings, see our Cookie Policy

government budget

Foreign direct investments in Egypt reached historic $46.1B in FY2023/2024 | CBE

The largest surge of inflows, approximately $40.5 billion, was recorded in the second half of the fiscal year, mainly due to the execution of the Ras El Hekma agreement valued at $35 billion

Egypt recorded $9.7B BoP surplus in FY2023/2024, pushed by March reforms | CBE

The overall surplus was largely driven by a substantial performance in the second half of FY2023/2024, where it soared to $10.1 billion, attributed to structural reforms implemented on March 6, 2024, which bolstered investor confidence

FinMinistry highlights global transparency survey results, with Egypt rating above global average

Egypt improved its standing by six points in the 2023 Open Budget Survey, now ranking 63rd out of 125 countries

Egypt’s economic growth clipped at 2.7% in Q1 FY2023/2024, GDP hits EGP 2.13trn | CBE

The government was able to close the fiscal year with a primary surplus of EGP 21.6 billion, up from EGP 10.2 billion during the same period the previous year, according to the report

Egypt provides $12.9B to boost exports during FY2023/2024

The debt service bill is still high due to high inflation and interest rates, and Egypt aims to reduce it to 35% of total expenses in the medium term, He added.