VOL. XXXVII
NO. 47
22-AUGUST-1994
Financial and Banking News
Budgets & Revenues
Egyptian Budget Figures Show Continuing Improvement In Spending Patterns
The Egyptian budget for 1994/95, which was recently published in full inthe Official Gazette, provides a clear indication of the improvement in Egypt'sfiscal position in recent years. Official budget figures have to be treated witha degree of caution, but a few general trends are unmistakable:
- The budget deficit is falling in absolute terms,...
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