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The sources added that the government had reduced support for petroleum materials to 52.8 billion in the 2019-2020 budget bill. the ($ 3.06 billion) about 89 billion pounds in this year's budget.
The source, who asked not to be named, said the price of a barrel of oil was set at $ 68 in the new draft budget.
The dollar price in the current fiscal year budget was 17.25 pounds before adjusting Egyptian Government At 18 books in the semiannual report published last February on the website of the Ministry of Finance before he repeats and removes the dollar adjustment of the report on his website.
At around 6h32 GMT, the average dollar was in banks operating in the United States L & # 39; Egypt EGP 17.36.
One of the exporters, a minister of the economic ministerial group: "In the draft budget for the next fiscal year, the Council of Ministers has approved up to now 18 pounds for the price of the dollar and 68 dollars for the price of a barrel of oil.".
The price of a barrel of oil in the budget for the current fiscal year was $ 67, before the government changed it to $ 74 in the semi-annual report published in February on the website of the Ministry of Finance.
The average price of world reference ore Brent $ 67.63 a barrel on the market today.
Reuters could not immediately contact the Ministries of Finance and Petroleum for their comments.
The government approved theL & # 39; EgyptOn Wednesday, the draft budget for the 2019-2020 fiscal year aimed at reducing public debt to 89% of GDP, generating an initial surplus of about 2% of GDP and reducing the total deficit to around 7%. , 2%.
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The sources added that the government had reduced support for petroleum materials in the 2019-2020 draft budget to 52.8 billion Egyptian pounds ($ 3.06 billion) on an amount of about 89 billion pounds this year.
The source, who asked not to be named, said the price of a barrel of oil was set at $ 68 in the new draft budget.
The dollar price during the current fiscal year was £ 17.25 before the Egyptian government took it to £ 18 in the semi-annual report published last February on the Ministry of Finance website before repeating and remove the dollar adjustment of the report on his site.
At around 6h32 GMT, the average dollar was in banks operating in the United States L & # 39; Egypt EGP 17.36.
"What has been approved by the Council of Ministers in the draft budget for the next fiscal year is 18 pounds for the dollar price and $ 68 for the price of a barrel of oil so far," said a source, a minister from the ministerial economic group.
The price of a barrel of oil in the budget for the current fiscal year was $ 67, before the government changed it to $ 74 in the semi-annual report published in February on the website of the Ministry of Finance.
The average price of world benchmark crude was $ 67.63 per barrel on the market today.
Reuters could not immediately contact the Ministries of Finance and Petroleum for their comments.
The government approved theL & # 39; EgyptOn Wednesday, the draft budget for the 2019-2020 fiscal year aimed at reducing public debt to 89% of GDP, generating an initial surplus of about 2% of GDP and reducing the total deficit to around 7%. , 2%.
