NO. 35


Financial and Banking News

Budgets & Revenues

Egypt Moves towards Budget Rigor

The Egyptian budget for 1990/91, which was approved by the People's Assemblyon 31 May, should be seen as a determined attempt by the Egyptian authorities tocreate a sound economic framework for the country's accounts by removing hiddensubsidies and chronic mismatches between income and expenditure in order to pavethe way for clear economic planning in the years ahead. The budget has...