22 Hrs
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بوابة الشروق
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Finance: 60.9B pounds in wages over 11 months
The article focused on the Egyptian Ministry of Finance's report regarding budget expenditures for the period from July to May of the 2025/2026 fiscal year. It explained that spending on wages and employee compensations increased by 11.5%, reaching approximately 589 billion Egyptian pounds. Additionally, interest payments rose to over 2.2 trillion pounds, aided by improved debt management and diversification of financing sources. Moreover, spending on goods and services received greater support, with an increase of 36.5 billion pounds, while export support grew by 11.4 billion pounds. Allocations for cash support and contributions to pension funds also increased. Investments rose by about 87 billion pounds, with the government committed to the allocated cap for public investments of 1.5 trillion pounds, bringing total expenditures to around 4.05 trillion pounds—a 18% increase.
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