Browse
related articles
Egypt forecasts 3.8% growth
- Egypt: Thursday, April 25 - 2013 at 06:20
Egyptian planning minister has told he upper house of parliament that the country's economy is set to grow by 3.8% in the fiscal year starting in July, Reuters has reported. The forecast is slightly below the minister's most recent prediction of 4% growth next year, but well above the 2.5% the government expects in 2012-13. Finance minister Al-Mursi alSayed Hegazy detailed proposed tax increases and spending cuts, including plans to save EGP36.3bn ($5.25bn) by rationing the distribution of subsidised fuel using smart cards. The measures will see general sales tax evolve into a value added tax by the start of 2014, widening the tax base to include all services except social services such as healthcare and education, the minister said.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
