Egypt's Petroleum Min. promotes mining investment in London with new incentives    Egypt recovers two ancient artefacts from Belgium    Oil prices edged lower on Wednesday    Gold prices rebound on Wednesday    Egypt unveils ambitious strategy to boost D-8 intra-trade to $500bn by 2030    Egypt discusses rehabilitating Iraqi factories, supplying defence equipment at EDEX 2025    Private Egyptian firm Tornex target drones and logistics UAVs at EDEX 2025    Egypt's Abdelatty urges deployment of international stabilisation force in Gaza during Berlin talks    Egypt begins training Palestinian police as pressure mounts to accelerate Gaza reconstruction    Egypt opens COP24 Mediterranean, urges faster transition to sustainable blue economy    Egypt's Health Minister leads high-level meeting to safeguard medicine, medical supply chains    AOI, Dassault sign new partnership to advance defense industrial cooperation    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    US Embassy marks 70th anniversary of American Center Cairo    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date    Egypt signs host agreement for Barcelona Convention COP24 in December    Al-Sisi urges probe into election events, says vote could be cancelled if necessary    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egypt adds trachoma elimination to health success track record: WHO    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Cabinet to discuss FY2018/19 budget Sun.
The Egyptian Gazette Published in The Egyptian Gazette on 15 - 03 - 2018

CAIRO, March 15, 2018 - Prime Minister Sherif Ismail said on Thursday that the Cabinet would discuss on Sunday the draft budget for the Fiscal Year (FY)2018/19, targeting a 20 per cent growth in State revenues.
Premier Ismail added that the budget seeks to achieve an initial surplus of 2 per cent of the Gross National Product , and shrink budget deficit to only 8.5 per cent of the Gross National Product.
The state's budget for FY2018/19 is injecting more investment in developmental fields such as health, education, and infrastructure, he said, adding that the budget also targets an expenditure growth of only 13.6 per cent.
In addition, the new budget aimed to reduce unemployment rate through the launching of new national developmental projects, increasing exports and opening up new overseas markets.
In another development, Prime Minister Ismail travelled to Germany on Thursday for a medical follow-up checks after the surgical operation he had had few months ago.
According to the Cabinet Media Centre, Mr. Sherif's visit to Germany will last for 24 hours.

Clic here to read the story from its source.