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In two weeks, the Egyptian Ministry of Finance will present a budget plan for the next fiscal year that will not include the $4.8bn loan from the International Monetary Fund (IMF), said Ayman Gohar, chief of the finance minister’s technical office.

Gohar said the budget will not take into account the loan or other international aid that depends on it, since the deal has yet to be ratified.

The government must refer the budget to parliament three months prior to the beginning of the next fiscal year, or no later than March.

“No deals with financial institutions should be included in the budget before being signed,” Gohar added.

Read more: IMF loan will not be included in next year’s budget.

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