NO. 47


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,...