24 November 2012

Egypt: Public Revenues Reached EGP 72.8 Billion in Four Months

The data revealed by the Ministry of Finance showed a remarkable improvement in economic performance, which appeared in the increase of public revenues by nearly 13.5 percent to reach EGP 72.8 billion during the period from July to October 2012.

The ministry's report on the general budget performance during the first four months of current financial year showed that the income tax revenues have increased by 66.5%to achieve EGP 22 billion, property tax revenues have increased by 42.2% to reach EGP 5.7 billion and sales taxes revenues have increased by 12.2% to reach EGP 23.6 billion.

The report revealed that taxes on salaries have increased by18.7% to reach EGP 5.7 billion and taxes on profits of fund companies have increased by 33.1% to reach EGP 5.4 billion.

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