Egypt’s revenues hit EGP 129bn in Q1 FY17/18

Cairo – Mubasher: Egypt’s total revenues rose by EGP 32.2 billion or 33% year-on-year in the first quarter of fiscal year 2017/2018, according to the Ministry of Finance’s monthly bulletin. 

Egypt’s receipts recorded 3% of gross domestic product at EGP 129 billion in the three months ended September 2017, compared to revenues of EGP 96.8 billion, equivalent to 2.8% of GDP, in the year-ago period.

Tax revenues grew by EGP 33 billion to EGP 97.2 billion in the three-month period of 2017, representing 75.3% of total earnings, from EGP 64 billion in the corresponding period of the prior fiscal year.

Non-tax revenues fell to EGP 31.8 billion in Q1 of FY17/18, against EGP 32.7 billion in Q1 of FY16/18.

Egypt’s expenses stood at EGP 214.1 billion in Q1 of FY17/18, up from EGP 172.2 billion in the same quarter of FY16/18.

Mubasher Contribution Time: 07-Dec-2017 07:38 (GMT)
Mubasher Last Update Time: 07-Dec-2017 07:38 (GMT)

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