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CAIRO, Feb. 10 (Reuters) – Egypt is expecting an average crude oil price of $ 67 a barrel for its fiscal year 2019-2020 budget, according to a report from the Ministry of Finance. Finance released Sunday.
The country spent 30.169 billion Egyptian pounds ($ 1.7 billion) on fuel subsidies between July and December 2018, compared to 26.651 billion EGP for the same period last year, the report said.
Egypt's fiscal year runs from July to June. (1 $ = 17,6050 Egyptian pounds) (Report by Ehab Farouk Writing by Aidan Lewis Editing by Robin Pomeroy)
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