The Egyptian Ministry of Finance seeks to down total budget deficit to LE 380.5 billion in 2019-2020 and to LE 349.9 billion in 2020-2021.
In a statement on
Monday, the ministry said the total revenues are estimated to reach LE 1.062
trillion in 2019-2020 and LE 1.179 trillion in 2020-2021.
The total expenditures
are expected to stand at LE 1.426 trillion in 2019-2020 and about LE 1.507
trillion in 2020-2021.
The total tax revenues are expected to reach LE 863 billion in 2019-2020 and LE 960.6 billion in 2020-2021.
allocated for salaries and employees compensation will stand at LE 294.9
billion in 2019-2020 and LE 324.9 billion in 2020-2021.
will reach LE 502.7 billion in 2019-2020 and LE 488.8 billion in 2020-2021,
according to the statement.
About LE 312
billion will go for subsidies, grants and social benefits in 2019-2020 and
about LE 326.6 billion in 2020-2021, the statement said.
expected to reach about LE 150.8 billion in 2019-2020 and LE 181 billion in