The Egyptian General Petroleum Corporation’s (EGPC) budget for the fiscal year (FY) 2020/21 was set at EGP 680.56 billion, according to the state’s official gazette.

EGPC’s  expenses for the current FY were estimated at EGP 579.242 billion, of which EGP 1.298 billion are allocated towards wages. The statement estimates EGPC’s revenue for FY 2020/21 at EGP 588.768 billion, and expected profits at EGP 9.526 billion of which EGP 8.5734 billion will be in surplus. 

Additionally, EGPC is not allowed to overdraft facilities from the Central Bank of Egypt (CBE) or other banks without the approval of the Prime Minister and the Minister of Finance.