An Assessment of Egypt’s Budgetary Institutions

Abstract:
This paper assesses the effectiveness of Egypt’s budgetary institutions in achieving long-term fiscal sustainability in light of growing literature. The paper finds that while the budgetary process in Egypt is clearly-defined and its rules are closely followed, there is a need for several reforms. These include imposing limits on public expenditure, shifting from yearly to multiyear budgeting, and making budgetary information more accessible to the public.