Friday 31 October 2014
 
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Budget Deficit

Egypt targets 11pc budget deficit in fiscal 2014/15

Egypt is targeting a budget deficit of around 11 per cent for the fiscal year that began in July and aims to boost economic growth to 5-6 per cent within three years, Finance Minister Hani Dimian told a conference on Tuesday. Poli

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Egypt targets 11pc budget deficit in fiscal 2014/15

Egypt is targeting a budget deficit of around 11 per cent for the fiscal year that began in July and aims to boost economic growth to 5-6 per cent within three years, Finance Minister Hani Dimian told a conference on Tuesday. Poli

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Kuwait may face budget deficit, warns minister

Kuwait's finance minister has warned that the country will face a certain budget deficit because growth in spending has outpaced a rise in public revenues. "A budget deficit is inevitable... as the average annual growth i

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Bahrain 'faces budget deficit, inflation challenges'

An increased budget deficit plus a rising inflation rate are key challenges facing Bahrain, a leading banker has warned. According to BBK chairman Murad Ali Murad, inflation reached a high of 3.8 per cent during late last year, pr

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Egypt economy growth seen less strong than thought

Egypt's newly-appointed finance minister said on Wednesday that political instability would cause the economy to grow more slowly this year than earlier official forecasts showed, with the budget deficit also bigger than thought.

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New India pledge to tackle budget deficit

India's finance minister yesterday boasted he had slashed the fiscal deficit lower than his target, while unveiling a pre-election budget that political opponents and analysts said contained unrealistic calculations. Amid upro

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Egypt narrows budget deficit in H1

Egypt's budget deficit was 89.4 billion Egyptian pounds ($12.84 billion) or 4.4 percent of economic output in the first half of this fiscal year, less than in same period a year before, the state news agency reported. Citing a

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Morocco deficit falls to 5.4pc of GDP

The Moroccan government's budget gap in 2013 came to 5.4 per cent of gross domestic product, down from 7.3 per cent in 2012, the Finance ministry said in a statement. It is the lowest deficit since 2010, when the government st

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New Egypt govt may promote welfare, not economic reform

Egypt's new military-backed government faces intense pressure to repair the state's chaotic finances but is likely instead to spend billions, hoping to raise living standards and get protesters off the streets. A budget de

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Oman considers dollar bond issue in 2014

Oman's government is considering a proposal to issue dollar-denominated sovereign bonds sometime in 2014, which could lead to regular debt sales in the future, the oil exporter's central bank said on Wednesday. "By re

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