Suez Canal breaks records, transfers LE 74B to state treasury

The Finance Ministry said Saturday the Suez Canal Authority has provided the state treasury with LE 74 billion in the 2018/2019 fiscal year.

The figure is historically the highest, the ministry added in a statement.

It does not include operating and maintenance expenses, financing investment plans, expansions and many projects serving the national economy, the statement read.

The total revenues have recorded a remarkable increase, reaching LE 104.2 billion in the 2018/2019 fiscal year, compared to LE 74.2 billion two years ago, with a growth rate of 40.4 percent.
Source: MENA