The Egyptian government is in the process of preparing the new fiscal budget for 2002. Total spending is estimated at 138 billion Egyptian Pounds ($29.7 billion), reported Al-Hayat . The government will present the new budget proposal to the Parliament in April for final approval. The cabinet will meet next week to discuss the negative economical impacts of the September 11 terrorist attacks. The Egyptian economy lost $3.5 billion following September 11, the tourism sector being the hardest hit. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
