Middle East Economic Survey

VOL. LIV

No 41

10-Oct-2011

EGYPT

Egypts Finance Minister Calls For Austerity

Egypts Deputy Prime Minister and Finance Minister Hazim al-Biblawi has called on all government entities to abide by their projected allocations in the 2011-12 budget and to resort to self-generated revenue for any additional needs. In a circular to government entities, Dr Biblawi stressed that expenditure must be controlled and that any excess spending in extreme emergency cases should...