From the web: “Plummeting oil prices are saving Egypt blns, but will the savings trickle down?”

April 3, 2015 Uncategorized

After keeping analysts waiting for months, the Finance Ministry finally released figures for its spending on petroleum subsidies. In the first half of fiscal year 2014/15, a period spanning July-December 2014, the government spent LE44.77 billion subsidizing petroleum products.

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