* 50.2 billion pounds in income tax revenue of which 40 billion pounds paid by companies.

·        Increase in customs revenues to 10.2 billion pounds, 44.8 billion pounds in taxes on goods and serv...

* 50.2 billion pounds in income tax revenue of which 40 billion pounds paid by companies. ·        Increase in customs revenues to 10.2 billion pounds, 44.8 billion pounds in taxes on goods and services. ·        243.6 billion total public expenditure, with increase of 36% to stimulate the economy. ·        50.3 billion pounds  total wages and compensation of employees with a growth rate of 21.5%. ·        15.5% growth in the interest of loans and 50% increase in public investment to a record 25 billion pounds. A recent report by the Ministry of Finance has detect the performance of the general budget of the current fiscal year, total public revenues and grants rose by 39.7% during the first nine months of the current fiscal year 2008/2009 to record 189.6 billion pounds, which represents 18.2% of GDP, and the report attributed this increase to a rise in revenue tax rate of 24.4% of the total revenue from customs duties and various taxes for about 109 billion pounds, also increased the general non-tax revenue by 67.6% to record 80.5 billion pounds.   The report emphasis that the highest growth rate in income tax in the tax revenues on goods and services rose 36% to reach 44.8 billion pounds, and then income tax of individuals, which rose by about 29% to reach 10.4 billion pounds in tax revenues and corporate profits, which rose 21% to reach to 40 billion pounds, bringing the total proceeds of taxes on income to 50.2 billion pounds during the period from July 2008 to March 2009 to reach a growth rate of 23% over the same period last year, the report added that the customs revenues rose 2.5% to reach 10.2 billion pounds.   And for the development of non-tax revenue report revealed a rise in the value of income from grants during the period from July to March 2008/2009 to more than nine times to reach 6.6 billion pounds compared to 700 million pounds during the same period last year, also increased other income (which includes the proceeds of the economic organizations and corporate profits and returns on bonds and loans, royalties and dividend of shares in private companies) increased by 56% to reach 73.9 billion pounds compared to 47.3 billion pounds during the same period last year. On the expenditure side, the report emphasized, a rise of 36% to record 243.6 billion pounds, which represents 23.4% of GDP, compared to 179.4 billion pounds, which represents 20% of GDP during the same period of the previous fiscal year due primarily to increased expenses for the support of about 34% to 71 billion pounds in addition to the increase in the value of social benefits for more than six times the value achieved during the period from July to March in 2007/2008 to reach LE 21.6 billion during July-March of 2008 / 2009.   Also increased wages and workers compensation by 21.5% to reach 50.3 billion pounds compared to 41.4 billion pounds during the same period last year, as well as interest paid on loans, which rose by 15.5% to reach 40.5 billion pounds.   In addition, increased spending on public investment by about 50% to reach 25 billion pounds, the report attributed this increase in spending on public investment for the Government to the application of a financial package to stimulate domestic demand and stimulate the economy so as to reduce the expected slowdown in economic growth rates and increasing unemployment rates in the repercussions of the global financial crisis.   This increase in total expenses contributed to the high proportion of the total public budget deficit to gross domestic product of about 5.4%, up half a point, which is the same increase in the value of the initial budget deficit before the deduction of interest to reach 1.5%. (Source: Ministry of Finance)