1 RS 0.

0081
Source : Budget in Brief 2018-19, www.finance.gov.pk (Rs Billion)
OPERATING
REVENUE EXPENDITURE
Tax Revenue 4,888.6 86% Current
Non Tax revenue 771.9 14% Running of Civil Govt. 463.4 14%
Gross Revenue 5,660.5 Subsidies 174.7 5%
less Provincial Share 2,590.1 46% Pension 342.0 10%
Net Revenue 3,070.4 Grants & Transfers 477.9 14%
Est Provincial Surplus 285.6 Defence Affairs & Services 1,100.3 33%
Total Current 2,558.3 76%
Total Developmental 1,067.6 32%

Total Revenue 3,356.0 Total Expenditure 3,625.9 108%

Current deficit 269.90 8%

FINANCING
RECEIPTS PAYMENTS
Internal Non Bank Borrowings 532.8 Current deficit 269.9
Internal Bank Borrowings 1,015.3 External Bank Repayments 775.9
External Bank Borrowings 1,118.0 Interest Payments 1,620.2
2,666.1 2,666.0

PAKISTAN EGYPT - BUDGET 2018-19, JULY TO JUNE TURKEY INDIA

Source : Budget in Brief 2018-19, www.finance.gov.pk USD Billion http://www.egypttoday.com/Articl e/3/51692/A-l ook-at-2018-2019-budget-i n-Pa rl i a ment USD Billion USD Billion USD Billion
OPERATING OPERATING OPERATING OPERATING
REVENUE EXPENDITURE REVENUE EXPENDITURE REVENUE EXPENDITURE REVENUE EXPENDITURE
Tax Revenue 39.7 86% Current Taxes & Tariffs 43.1 Wages & Pensions 15.1 Taxes & Tariffs 96.5 Education, Health & Culture 21.6 Taxes & Tariffs 211.4 Wages & Pensions 223.6
Non Tax revenue 6.3 14% Running of Civil Govt. 3.8 14% Non Tax revenue 12.1 Grants, Subsidies & other benefits 18.6 Other Revenue 15.6 Defence & Security 14.8 Non Tax revenue 48.2 Grants, Subsidies & other benefits
Gross Revenue 45.9 Subsidies 1.4 5% Grants 0.1 Purchase of Goods & Services 3.4 Grants - Other Departments 10.4 Grants Purchase of Goods & Services
less Provincial Share 21.0 46% Pension 2.8 10% Misc 0.0 Other Expenses 4.2 Misc - Other Exp (?) 62.3 Misc Other Expenses
Net Revenue 24.9 Grants & Transfers 3.9 14% Non financial asset/Investments 8.3 CAPEX 13.7 Purchase of NFA/Inv
Est Provincial Surplus 2.3 Defence Affairs & Services 8.9 33% CAPEX 1.4 CAPEX 42.9
Total Current 20.8 76% Total 55.3 Total 50.9 Total 112.1 Total 122.7 Total 259.6 Total 266.5
Total Developmental 8.7 32% Current (Surplus)/Deficit -4.4 Current (Surplus)/Deficit 10.6 Current (Surplus)/Deficit 6.9

Total Revenue 27.2 Total Expenditure 29.4 108%

Current deficit 2.2 8%

FINANCING DEBT FINANCING FINANCING FINANCING

RECEIPTS PAYMENTS RECEIPTS PAYMENTS RECEIPTS PAYMENTS RECEIPTS PAYMENTS
Internal Non Bank Borrowings 4.3 Current deficit 2.2 Borrowings (Int/Ext ?) 40.0 Current (Surplus)/Deficit -4.4 External Borrowing 3.8 Current (Surplus)/Deficit 10.6 Internal Borrowings 89.2 Current (Surplus)/Deficit 6.9
Internal Bank Borrowings 8.2 External Bank Repayments 6.3 Others 1.4 Repayment of Loans 15.4 Internal Borrowing 22.5 Repayment of Loans 15.6 Loan Yield Repayment of Loans
82.2
External Bank Borrowings 9.1 Interest Payments 13.1 Interest payments 30.3 ??? 10.6 Interest payments 10.7 Interest payments
21.6 21.6 Total 41.3 Total 41.3 Total 89.2 Total 89.2
Total 37.0 Total 37.0
0.0 Foreign Debt 109.0
Outstanding Debt Domestic Debt
Foreign Debt 63.3 Foreign Debt 83.0 Foreign Debt 89.4 109.0
Domestic Debt 133.2 Domestic Debt 190.9 Domestic Debt 122.8
196.5 273.9 212.2 GDP 2,848.0

GDP 283.0 GDP/Size of Economy 293.5 GDP 850.0

Ext 7796 Rs Billion

Int 16415 Rs Billion
63.3 USD Billion (In ` crores) As on 31st March 2018 As on 31st March 2019 Internal debt and other liabilities 79,89,245.06 87,03,357.16 External debt 2,43,408.50 2,54,835.89 Total 82,32,653.56 89,58,193.05
133.2 0.014281
Internal 8,703,357 87,034 1242.9
External 254,836 2,548 36.39

513.4
21.2
109
REVENUE
Taxes & Tariffs 770.30
Other Revenue 217.00
Grants 1.14
Misc 0.76

Total 989.20 989.2

(0.00)
Borrowings 714.90
Loan Yield 24.60

Total 739.50

REVENUE
Taxes & Tariffs 43.06
Other Revenue 12.13
Grants 0.06
Misc 0.04

Total 55.30

Borrowings 39.96
Loan Yield 1.38

Total 41.34

3,414,426.00 EGP mn in Dec 2017

 http://www.egypttoday.com/Article/3/51
A look at 2018/2019 budget in Parliamen
1 LE 0.0559 USD By: Hanan Mohamed
LE Billion
EXPENDITURE Thu, Jun. 7, 2018
Wages & Pensions 270.09
Grants, Subsidies & other benefits 332.30
Purchase of Goods & Services 60.12
Other Expenses 75.69 CAIRO – 6 June 2018: Twenty five days be
Purchase of NFA/Inv 148.28
CAPEX 24.88 During the upcoming days, the final draft
Total 911.36 1,410.00 498.64
Egypt Today highlights the most promine

Current (Surplus)/Deficit (77.84) 438.58 516.42 Egypt’s fiscal year starts on July 1 and en
Repayment of Loans 276.04
Interest payments 541.30 The expenditures

Total 739.50 (0.00) The first chapter of the budget included t

USD Billion The total expenditures of grants, subsidie

EXPENDITURE
Wages & Pensions 15.10 Expenses of “Purchase of non-financial a
Grants, Subsidies & other benefits 18.58 Meanwhile, the expenses of the acquisiti
Purchase of Goods & Services 3.36
Other Expenses 4.23 The expenses of repayment of loans, “do
Purchase of NFA/Inv 8.29
CAPEX 1.39 Revenues
Total 50.95
Current (Surplus)/Deficit (4.35) The second chapter of the budget is reve

Current (Surplus)/Deficit (4.35) The revenues of grants recorded LE 1.141

Repayment of Loans 15.43
Interest payments 30.26 Yields of loans are estimated to be about

Total 41.34 The initial public offering (IPO) program a

In 2016, the government launched an IPO

3,414.4 LE Billion The Initial Public Offerings program is con

190.9 USD Billion
It covers a period of three to five years, a
5250 LE Billion
293.475 USD Billion As per Investment, the budget targets to

Unemployment and inflation

The upcoming budget seeks to lower the

Minister of Planning Hala al-Saeed expec

Egypt 2030 Vision aims to reduce unemp

Egypt’s unemployment rate declined 1.4

In 2017, the unemployment rate slipped

Egypt 2030 Vision aims to reduce unemp

Gross Domestic Product (GDP)

Egypt is targeting a growth rate of 5.8 pe

It is expected to reach LE 5.250 trillion co

The International Monetary Fund (IMF) e

The IMF further anticipated the GDP to r

Budget Deficit

The 2018/2019 budget aims to record a b

Public Debt

Public debt is expected to be lowered in

Minister of Finance Amr el-Garhy said ea

Garhy clarified that this decline will be re

ww.egypttoday.com/Article/3/51692/A-look-at-2018-2019-budget-in-Parliament
2018/2019 budget in Parliament
n Mohamed

6 June 2018: Twenty five days before the new fiscal year starts, the Egyptian Parliament approved the 2018/2019 budget after discussin

e upcoming days, the final draft of the budget will be sent to President Abdel Fatah al-Sisi to ratify the budget in order to be taken into

day highlights the most prominent figures of the budget for 2018/2019 that is considered to be the largest budget in Egypt’s history.

scal year starts on July 1 and ends on June 30 of the following year.

chapter of the budget included the expenditures with a total of LE 1.41 trillion, including total expenditures of wages and pensions, rec

expenditures of grants, subsidies and other benefits amounted to LE 332.3 billion, while interest expenses recorded LE 541.3 billion, an

of “Purchase of non-financial assets/investments” totaled at LE 148.51 billion.

le, the expenses of the acquisition of assets amounted to about LE 24.62 billion.

nses of repayment of loans, “domestic and foreign ones”, hit LE 276.04 billion.

nd chapter of the budget is revenues, which are projected to reach a total of LE 989.2 billion, and taxes and tariff yields allocate to cont

nues of grants recorded LE 1.141 billion, and the other revenues is expected to target LE 217 billion.

oans are estimated to be about LE 24.6 billion and the borrowing is about LE 714.9 billion.

l public offering (IPO) program allocates LE 10 billion of the next budget’s revenues.

he government launched an IPO program that offers shares in several state-owned companies over three to five years in fields such as

l Public Offerings program is conducted under the supervision of the Ministry of Investment.

a period of three to five years, aiming to offer partial stakes in some state-owned companies on the Stock Exchange. It will serve as a m

vestment, the budget targets to worth LE100 billion up from LE 70 billion in the current budget.

yment and inflation

ming budget seeks to lower the unemployment rate between 10 to 11 percent with an inflation rate of 10 percent.
of Planning Hala al-Saeed expected earlier the unemployment rate to continue to decrease gradually to record 10.4 percent during the

30 Vision aims to reduce unemployment from the current percentage to 4 percent.

nemployment rate declined 1.4 percent during the first quarter of 2018 to 10.6 percent, compared to 12 percent in the same period of

he unemployment rate slipped to 11.8 percent, compared to 12.5 percent in 2016, according to the Central Agency for Public Mobiliza

30 Vision aims to reduce unemployment from the current percentage to 4 percent.

mestic Product (GDP)

argeting a growth rate of 5.8 percent in the next budget, to be accelerated gradually to 8 percent by 2021/2022.

cted to reach LE 5.250 trillion compared with LE 4.106 trillion this fiscal year.
national Monetary Fund (IMF) expected Egypt to reach GDP of 5.5 percent next year, with an increase of 0.2 percent.

urther anticipated the GDP to record 6 percent in 2023.

/2019 budget aims to record a budget deficit of 8.4 percent, or LE 438.58 billion, down from 9.7 percent estimated for the current year

bt is expected to be lowered in the next fiscal year to 91 percent of GDP.

of Finance Amr el-Garhy said earlier that his ministry is working on a medium-term plan to decline the public debt from 107-108 percen

rified that this decline will be reached through decreasing the budget deficit, achieving a primary surplus of 2 percent of gross domesti
 /2019 budget after discussing all its items.

get in order to be taken into action.

budget in Egypt’s history.

s of wages and pensions, recording LE 270.09 billion, while the expenses of the purchase of goods and services reached LE 60.12 billion

recorded LE 541.3 billion, and other expenses reached LE 75.69 billion.

d tariff yields allocate to contribute LE 770.3 billion to the new budget’s revenues.

o five years in fields such as petroleum, services, chemicals and real estate to help boost state finances.

Exchange. It will serve as a main tool to attract local and foreign capital flows to Egypt.
 ord 10.4 percent during the fiscal year 2018/2019 and to achieve 8.5 percent by 2021/2022.

ercent in the same period of 2017.

al Agency for Public Mobilization and Statistics (CAPMAS).

stimated for the current year.

lic debt from 107-108 percent in fiscal year 2016/2017 to reach 80 percent by 2020.

of 2 percent of gross domestic product (GDP) and increasing average per capita income.
ices reached LE 60.12 billion.
 1 LIRA 0.1609 USD
LIRA Billion
REVENUE EXPENDITURE
Taxes & Tariffs 600.00 Education, Health & Culture 134.00
Other Revenue 96.80 Defence & Security 91.84
Grants Other Departments 64.85 TURKEY TOTAL EXPENSE BUDGET 2018 Lira Billion USD Billion
Misc Other Exp (?) 387.12 Ministry of National Defense 40,4 billion Liras 40.400 6.50
CAPEX 85.00 General Directorate of Security 27 billion 792 million 655 thousand Liras 27.793 4.47
Gendarmerie General Command 13 billion 311 million 208 thousand Liras 13.311 2.14
Total 696.80 Total 762.80 762.80 Ministry of Interior Affairs 7 billion 300 million Liras 7.300 1.17
Current (Surplus)/Deficit 66.00 National Intelligence Agency 2 billion 335 million Liras 2.335 0.38
Coast Guard Command 682 million 700 thousand Liras 0.683 0.11
External Borrowing 23.90 Current (Surplus)/Deficit 66.00 Undersecretariat of Public Order and Security 18 million 373 thousand Liras 0.018 0.00
Internal Borrowing 139.90 Repayment of Loans 97.10 Total Defence & Security 91.840 14.78
Interest payments 66.70 Ministry of National Education 92,5 billion Liras 92.500 14.88
Ministry of Health and relevant bodies 37,5 billion Liras 37.500 6.03
Total 163.80 Total 229.80 66.00 Ministry of Family and Social Policies 26,7 billion Liras 26.700 4.30
Ministry of Youth and Sports 14,1 billion Liras 14.100 2.27
USD Billion Ministry of Justice 13,7 billion Liras 13.700 2.20
REVENUE EXPENDITURE Religious Affairs Directorate 7,7 billion Liras 7.700 1.24
Taxes & Tariffs 96.54 Education, Health & Culture 21.56 Ministry of Culture and Tourism 3,9 billion Liras 3.900 0.63
Other Revenue 15.58 Defence & Security 14.78 Ministry of Environment and Urbanism 1,9 billion Liras 1.900 0.31
Grants Other Departments 10.43 The Presidency 845 million 365 thousand Liras 0.845 0.14
Misc Other Exp (?) 62.29 Total Departments 290.685 46.77
CAPEX 13.68 Other Expense (?) 387.120 62.29
Capex/Developmental 85.00 13.68
Total 112.12 Total 122.73 TOTAL EXPENSE 762.81 122.74
Current (Surplus)/Deficit 10.62

External Borrowing 3.85 Current (Surplus)/Deficit 10.62

Internal Borrowing 22.51 Repayment of Loans 15.62
Interest payments 10.73
65.90 0.262215478 Dec-17
Total 26.36 Total 36.97 17.28
 CENTRAL GOVT BUDGET 2018 COMPARATIVE SUMMARY STATEMENT
USD BILLION
EGYPT TURKEY
GDP/SIZE OF ECONOMY 293.5 850.0
REVENUE RATE 19% 13%
POPULATION/MILLION 98 81
GDP USD/PERSON 2,995 10,494

OPERATING STATEMENT
REVENUE EGYPT TURKEY DIFF EXPENDITURE EGYPT TURKEY DIFF

TAX REVENUE 43.1 96.5 (53.48) NON CAPEX EXPENSE 41.3 109.1 (67.79)
NON TAX REVENUE 12.1 15.6 (3.44) CAPEX EXPENSE 9.7 13.7 (4.00)

TOTAL 55.2 112.1 -56.9 TOTAL 50.9 122.7 -71.8

(SURPLUS)/DEFICIT -4.2 10.6

FINANCING STATEMENT
RECEIPTS EGYPT TURKEY DIFF PAYMENTS EGYPT TURKEY DIFF
(SURPLUS)/DEFICIT -4.2 10.6 (14.86)

BANK BORROWINGS 41.3 26.4 14.98 INTEREST PAYMENT 30.3 10.7 19.53
OTHERS - 10.6 (10.60) PRINCIPAL REPAYMENT 15.4 15.6 (0.19)

TOTAL 41.3 37.0 4.4 TOTAL 41.4 37.0 4.5

OUTSTANDING GOVT. DEBT

EGYPT TURKEY DIFF
FOREIGN DEBT 83.0 89.4 (6.42)
DOMESTIC DEBT 190.9 122.8 68.04
273.9 212.2 61.62