Tag Archives: Ahmed Galal

Financial aid to poor families will strengthen the social safety net: Finance Minister

Financial aid to poor families will strengthen the social safety net: Finance Minister

Finance Minister Ahmed Galal  (AFP Photo) (AFP PHOTO  ERIC PIERMONT)

Finance Minister Ahmed Galal
(AFP Photo)
(AFP PHOTO ERIC PIERMONT)

The government is currently preparing to send monthly stipends between 2 and 3 million families in need of financial aid in order to strengthen the social safety net, a statement …

Budget deficit records EGP 89.4bn in first half of 2013/2014

Budget deficit records EGP 89.4bn in first half of 2013/2014

Ministry of Finance is set to review the final draft of Egypt’s economic reform programme set to precede the acceptance of the country’s pending $4.8bn International Monetary Fund (IMF) loan. (Daily News Egypt)

Egypt’s budget deficit recorded EGP 89.4bn in the first half of the 2013/2014 fiscal year, representing 4.4% of annual GDP, the Ministry of Finance’s monthly report showed.
(DNE File Photo)

Egypt’s budget deficit recorded EGP 89.4bn in the first half …

Galal approves allocation of EGP 1.31bn funding to healthcare, education, other sectors

Galal approves allocation of EGP 1.31bn funding to healthcare, education, other sectors

Minister of Finance Ahmed Galal (Al-Borsa Daily\ File Photo)

Minister of Finance Ahmed Galal
(Al-Borsa Daily\ File Photo)

The allocation of a total of EGP 1.31bn to different sectors was approved by Minister of Finance Ahmed Galal on Sunday. According to a statement from the ministry, the allocations aim …

Stimulus package almost ready

Stimulus package almost ready

Egyptian Finance Minister Ahmed Galal  (AFP PHOTO  ERIC PIERMONT)

Egyptian Finance Minister Ahmed Galal
(AFP PHOTO ERIC PIERMONT)

Reuters – Egypt will announce details of its second stimulus package since Islamist President Mohamed Morsi was ousted in July within days, its finance minister said on Tuesday, aiming to boost …

Minister of Finance prepares for new constitution’s implementation

Minister of Finance prepares for new constitution’s implementation

Finance Minister Ahmed Galal  (AFP Photo) (AFP PHOTO  ERIC PIERMONT)

Finance Minister Ahmed Galal
(AFP PHOTO ERIC PIERMONT)

In line with government’s preparations for implementing the new constitution, Minister of Finance Ahmed Galal issued a Ministerial Decree on Friday to form a committee to review the financial regulations and economic …