Financial and Banking News
BUDGETS AND REVENUES
Egyptian Government Oil Revenue Declines
The Central Bank of Egypt last week published figures showing that thegovernment's revenues from the petroleum sector declined by E635mn (38.1%)to E1.32bn during the 1986/87 fiscal period. According to the Central Bank,the share of exports in the government's current revenues declined from 45.5% to33.6% during the same period. Total commodity exports during 1986/87 declinedfrom...