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The most important figure in the #Egypt_new_budget 2020/2021 is the #debt_payments as a ratio to expenses and revenues.
This percentage will decrease to 30% of expenses or 39% of revenue instead of 38.9% and 56.6% respectively years ago.
What does that mean ?!
This percentage will decrease to 30% of expenses or 39% of revenue instead of 38.9% and 56.6% respectively years ago.
What does that mean ?!
1st,
3 years ago, out of every 100 pounds of #expenses, we allocate 38 for #debt payments (interest and installments), but now it'll drop to only 30 pounds out of every 100.
Of course any declining in this item is positive and good, and vice versa.
3 years ago, out of every 100 pounds of #expenses, we allocate 38 for #debt payments (interest and installments), but now it'll drop to only 30 pounds out of every 100.
Of course any declining in this item is positive and good, and vice versa.
2nd,
#Profits of #Projects, which launched with #Loans, had emerge.
Simply, all the debt we borrowed went to hundreds of mega projects.
Therefore, the reduction in debt expenses means that projects begun to operate and generate profits from which we pay the principal of the debt
#Profits of #Projects, which launched with #Loans, had emerge.
Simply, all the debt we borrowed went to hundreds of mega projects.
Therefore, the reduction in debt expenses means that projects begun to operate and generate profits from which we pay the principal of the debt
The decrease in the share of debt interest from expenses had provided more room to inject more incesings for several items, for example:
- 34 bn increase the #wages of employees
- 31 bn increase #pensions
- 35 bn #bonuses
- 2.3 bn increase for #doctors
- 34 bn increase the #wages of employees
- 31 bn increase #pensions
- 35 bn #bonuses
- 2.3 bn increase for #doctors
Remember that,
Debt service or interest payments declining are directly linked to the following three rates:
1- #Budget_Deficit declined from 13% 6 years ago to 8%
2- #Domestic_Debt declined from 94% 3 years ago to 66%
3- #External_Debt declined from 41% 3 years ago to 29%
Debt service or interest payments declining are directly linked to the following three rates:
1- #Budget_Deficit declined from 13% 6 years ago to 8%
2- #Domestic_Debt declined from 94% 3 years ago to 66%
3- #External_Debt declined from 41% 3 years ago to 29%
Sources :
1 - The Approved State's General Budget - Ministry of finance
Link : http://mof.gov.eg/MOFGallerySource/Arabic/budget2020-2021/Financial-Statement2020-2021.pdf… 2 –
2 – The Monthly Financial Report - Ministry of finance
Link : http://mof.gov.eg/MOFGallerySource/Arabic/Reportes/2020/5/allparts.pdf
1 - The Approved State's General Budget - Ministry of finance
Link : http://mof.gov.eg/MOFGallerySource/Arabic/budget2020-2021/Financial-Statement2020-2021.pdf… 2 –
2 – The Monthly Financial Report - Ministry of finance
Link : http://mof.gov.eg/MOFGallerySource/Arabic/Reportes/2020/5/allparts.pdf
