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Asharq Al-Awsat
Asharq Al-Awsat
World
Asharq Al-Awsat

Egypt’s Parliament Approves 2022/23 Budget

A rainbow is seen in the sky after a heavy rain in Cairo, Egypt February 19, 2022. (Reuters)

Egypt's parliament on Tuesday approved the state budget for the financial year that begins on July 1, with expenditure rising by 15% and the deficit by 14.5%.

The budget reflects the government's desire to continue Egypt's development and improve the lives of its citizens despite recent economic shocks, Minister of Finance Mohamed al-Maait told parliament.

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