Egypt‘s revenue rose by 22.5 percent to reach 64.1 billion EGP (U.S. $10.66 billion) from July to October of 2011 according to the most recent reports of the Egyptian Ministry of Finance. Meanwhile Egypt's interest was 52.3 billion EGP (U.S. $8.69 billion) during the same months in 2010. Theere is an increase mainly because of the increase of non-tax and tax revenues by 65.2 percent and 3.4 percent respectively. The monthly report, published on the Egyptian Ministry of Finance website, said the rise also refers to the increase income tax revenue by 11.7 percent, recording 13.2 billion EGP (U.S. $2.19 billion) during July to October of 2011. Meanwhile the revenue of income tax reached 11.8 billion EGP (U.S. $1.96 billion) during the same months in 2010. Properties' tax increased during July to October of 2011 by 20.5 percent to a record of four billion EGP (U.S. $664 million). Meanwhile it reached a record of 3.3 billion EGP (U.S. $548 million) during the same months in 2010. According to the report, non-tax increase is caused by the notable increase of foreign governments' grants' number. It reached 5.9 billion EGP (U.S. $980 million) in 2011while it only reached 30 million EGP (U.S. $4.98 million) in 2010. Saudi Arabia presented grants estimated at U.S. $500 million and Qatar presented grants estimated at U.S. $500 million. The report also said the revenue of properties and income of selling products and services increased by 57 percent and 12.2 percent and reached 10.5 billion EGP (U.S. $1.74 billion) and 3.6 billion EGP (U.S. $598 million) respectively. Meanwhile they recorded 6.7 billion EGP (U.S. $1.11 million) and 3.2 billion EGP (U.S. $531 million) in 2010 during the same time of the study. Various incomes also rose by 29.1 percent to a record of 1.2 according to the report. Arabic here
