"Egypt doesn't need any funds from the International Monetary Fund or the World Bank," said Egyptian Finance Minister Samir Radwan. He said, “Although we have reached an agreement, budget revisions have reduced the expected deficit." "Egypt maintains a great relationship with both the International Monetary Fund and the World Bank, "Radwn said. Last week, Qatar provided Egypt with 500 million dollars to support the budget, without any conditions. The Egyptian Council of Ministers has approved increasing expenditures in the 2011-2012 budget to offer jobs and help the poor, particularly after the January 25 Revolution. The International Monetary Fund estimated Egypt's deficit to be between nine and 12 billion dollars in 2011-2012. The International Monetary Fund has discussed the proposed amendments to the Egyptian budget in order to supply Egypt with the funds.
