Tuesday 30 June 2015
 
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Budget

Egypt earmarks $8bn for fuel subsidies

Egypt has earmarked 61 billion Egyptian pounds ($8 billion) for fuel product subsidies in the draft 2015/2016 budget, Tarek El Molla, chairman of state-run Egyptian General Petroleum Corp (EGPC), said in a statement on Saturday. T

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Egypt earmarks $8bn for fuel subsidies

Egypt has earmarked 61 billion Egyptian pounds ($8 billion) for fuel product subsidies in the draft 2015/2016 budget, Tarek El Molla, chairman of state-run Egyptian General Petroleum Corp (EGPC), said in a statement on Saturday. T

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UK budget deficit falls to $16bn

Strong income tax receipts pushed British government borrowing to its lowest May reading since 2007, adding to signs that revenue growth could play a major role in debt-reduction plans being drafted by finance minister George Osborne.

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Egypt draft budget projects 9.9pc deficit, 5pc growth

Egypt's cabinet approved a draft 2015/2016 budget that projects a deficit of 9.9 per cent of gross domestic product, narrowing slightly from an expected gap of 10.8 per cent in the current fiscal year. The draft, which has yet

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‘Flexible training essential to back continued learning’

Businesses are operating in tough economic times, with budgets being significantly cut during the current industry downturn. When lowering costs is a key priority, learning and development budgets have historically been one of the

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Final proposals for new budget tabled in Bahrain

A set of final recommendations on the new two-year national budget has been put forward by a joint committee of Shura Council members and MPs in Bahrain. The recommendations include increasing the Housing Ministry’s budget b

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Bahraini MPs urging major changes to budget

Bahrain’s National Assembly has made drastic changes to the proposed budget, including increasing housing spending by BD240 million ($632.2 million) and reducing the government’s recurring expenditure by BD850 million.

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Bahraini legislators seek budget rethink

Legislators have asked Bahrain's government to redraw its budget for this year and the next in an attempt to reduce the deficit. They asked the Cabinet, represented by the Finance Ministry, to come up with alternative plans an

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Spending rethink 'vital for subsidy cuts plan'

Bahrain’s government has been asked to justify its planned public spending in the budget for 2015 and 2016, as parliament and the Shura Council seek alternatives to subsidy cuts. Both chambers of the National Assembly yester

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Bahraini MPs may block budget over subsidy cuts plan

Bahraini MPs are threatening to block the national budget for this year and next if the government insists on its plans to reduce subsidies. The warning was issued yesterday (May 26) in a parliament statement that was unanimously

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