Middle East Economic Survey
VOL. LIII
No 6
8-Feb-2010
EGYPT
Egypts Spending Falls, Deficit Increases On Shrinking Public Revenues
Egyptian government spending fell by 6.8% in the last six months of 2009 compared to the same period in 2008, the countrys Ministry of Finance has said in a new report. Figures on the ministry website showed total spending to have fallen to E152.44bn ($27.85bn), mostly as a result of a major drop of 45.75% in spending on subsidies, grants and social benefits to E39.44bn...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!