Egypt’s public spending set at EP 120 billion
The Egyptian public spending included in the draft budget for 2001 has been fixed at 120 billion Egyptian pounds ($30.93 billion), reported Xinhua news agency, citing Egypt’s Prime Minister Atef Obeid. This sum is an EP 8.3 billion increase compared with the EP 111.7 billion included in last year’s budget.
According to Prime Minister Obeid, this budget is expected to cut Egypt’s deficit down to 3.4 percent, while achieving a five to six percent growth rate. ¯ (Albawaba-MEBG
© 2001 Mena Report (www.menareport.com)
- Region set to spend over AED 441 billion on water investments over the next 10 years
- As war rages, Syrian government announces plan to increase state spending
- Bye bye nanny state, hello Egypt/Jordan style protests? Kuwait to possibly scratch $16 billion worth of subsidies
- Dropping the bomb: Israeli finance chief expects cuts to defense spending