VOL. XLIV
No. 09
26-February-2001
EGYPT
Egypts Preliminary Budget Figures Cause Concern About Growing Deficit
The Egyptian Government announced on 15 January unofficial figures for the 2001-02 fiscal budget that show a total expenditure of E123bn ($31.9bn), representing a E10.4bn ($2.7bn) increase from the previous year. Around 45% of the budget for the next fiscal year, or E54bn ($14.02bn), is allocated to public-sector workers salaries and improvements in public services, with E20.6bn ($5.35bn)...
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