Tag Archives: Ahmed Galal

Government has spent EGP 18bn of first stimulus package: Finance minister

The government has spent EGP 18bn of the EGP 29bn of the first stimulus package, Minister of Finance Ahmed Galal stated on Tuesday.

However, according to Al-Borsa, Galal said that the second stimulus package would be spent after an agreement …

Government may raise taxes to meet expenditures: Finance ministry

Government may raise taxes to meet expenditures: Finance ministry

Finance Minister Ahmed Galal  (AFP PHOTO  ERIC PIERMONT)

Finance Minister Ahmed Galal
(AFP PHOTO ERIC PIERMONT)

The recent increases in public expenditures have prompted the government to consider additional means of revenue generation, according to the finance ministry.

Minister of Finance Ahmed Galal said his ministry would have …

Expansionary economic policies prevent tax increases: Finance minister

Expansionary economic policies prevent tax increases: Finance minister

Minister of Finance Ahmed Galal  (Photo from Centre for International Governance Innovation website)

Minister of Finance Ahmed Galal
(Photo from Centre for International Governance Innovation website)

Egypt’s interim government has opted not to increase taxes during the transitional period in order to better suit its expansionary economic policies, Minister of Finance Ahmed Galal …

IMF delegation to visit Egypt in January

IMF delegation to visit Egypt in January

A delegation from the International Monetary Fund (IMF) will visit Egypt during the first week of January in order to resume talks on the Value Added Tax (VAT) draft law (AFP File Photo)

A delegation from the International Monetary Fund (IMF) will visit Egypt during the first week of January in order to resume talks on the Value Added Tax (VAT) draft law
(AFP File Photo)

A delegation from the International Monetary Fund …

Minister of Finance allots additional fund for different sectors

Minister of Finance allots additional fund for different sectors

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

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

Upon reviewing the general budget plan for the 2013/2014 fiscal year, Minister of Finance Ahmed Galal approved new budget allocations for different sectors.

In order to alleviate the burdens on the …