Middle East Economic Survey

VOL. LII

No 13

30-Mar-2009

EGYPT

No Tax And Price Increases In Egypts New Budget

Egyptian President Husni Mubarak will not accept any new taxes or price increases in the draft budget for fiscal 2009-10, which starts on 1 July, because the national economy at present cannot shoulder additional burdens. Egyptian Finance Minister Yusuf Butrus-Ghali, who reviewed the budget with the president, said that the cabinet has been instructed to pay special attention to the...