403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Egypt's primary deficit falls by 40pct
(MENAFN) The figure for Egypt's primary deficit reached EGP43bn in the period from July 2016 to Feb 2017, compared to EGP70bn amid the same period of last FY.
Furthermore, the primary deficit posted a decline of 40 percent, whereas the primary deficit to GDP reached 1.3 percent.
Additionally, primary deficit varies from the whole fiscal deficit, while the fiscal deficit is defined as the difference between total income and spending.
The tax profits increased by 25 percent, involving increases in corporate tax by 27 percent, tax on wages by 16 percent, real estate tax by 132 percent and VAT by 31 percent.
Furthermore, the primary deficit posted a decline of 40 percent, whereas the primary deficit to GDP reached 1.3 percent.
Additionally, primary deficit varies from the whole fiscal deficit, while the fiscal deficit is defined as the difference between total income and spending.
The tax profits increased by 25 percent, involving increases in corporate tax by 27 percent, tax on wages by 16 percent, real estate tax by 132 percent and VAT by 31 percent.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment