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- W4243697469 abstract "Subject Egypt's budget deficit woes. Significance President Abdel Fattah el-Sisi has approved the budget for the 2015-16 fiscal year (July-June) after insisting that the deficit target be reduced from 9.9% of GDP to 8.9%. Reducing the budget deficit to a sustainable level over the next three to four years is a key government objective. However, finance ministry efforts to develop new revenue streams and trim expenditure have so far met resistance. Impacts If the government does resort to the IMF, it will face pressure for more resolute measures to cut the deficit and to devalue the pound. After the success of its first international bond issue, the government is likely to return to the markets later this year. The finance ministry wants to introduce VAT for goods and services, but will face pressure from business to limit its scope." @default.
- W4243697469 created "2022-05-12" @default.
- W4243697469 date "2015-07-28" @default.
- W4243697469 modified "2023-09-27" @default.
- W4243697469 title "Budget deficit may prompt Egypt to return to IMF" @default.
- W4243697469 doi "https://doi.org/10.1108/oxan-db201160" @default.
- W4243697469 hasPublicationYear "2015" @default.
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