NO. 29


Financial and Banking News

Public Finance

Draft Egyptian Budget Proposes 9% Increase In Spending

The draft Egyptian budget for the 1995-96 financial year, which begins on 1July 1995, proposes total spending of Eœ71,492mn ($21,027mn), a 9% increase onthe budget figure for the present year. The draft budget was announced to thePeople's Assembly on 11 April by the Egyptian Finance Minister, Dr. Muhammadal-Razzaz. Among the more important figures contained in Dr....