NO. 48


Financial and Banking News

Gulf Crisis

Crisis Destroys Egypt's Revenue Projections

Egypt's budget projections for the financial year 1990/91 (which began on 1July 1990) are in disarray as a result of the changed economic circumstancesbrought on by the Gulf crisis. The 1990/91 budget was seen as one of the mostrealistic published by Egypt in recent years, and it was clearly designed toappeal to the International Monetary Fund (IMF), with whom Egypt has been...