Financial and Banking News
BUDGETS AND REVENUES
Egyptian Draft Budget Projects 4.5% Increase In Spending
The 1993/94 Egyptian draft budget, which was presented to the People'sAssembly (parliament) on 29 April, proposes a 4.5% increase in total expenditureto E65.36bn and a 5.4% increase in total revenue to E56.3bn over the 1992/93figures. The deficit in 1993/94 is estimated at E9bn, or slightly less thanthe previous year. The following table summarizes the Egyptian...