The Egyptian Minister of Finance, Mohamed Maait, indicated that "the financial allocations for public investments in the draft of the new budget are witnessing an unprecedented increase to reach 358.1 billion pounds (22.9 billion dollars), that is, a growth rate of 27.6 percent, in order to ensure the improvement of the level of services provided to citizens, and to translate the presidential directives to maximize spending on achieving comprehensive and sustainable development."
Minister Maait explained that "economic organizations are one of the most important pillars on which economic activity depends, and contribute to creating a business climate, in a way that benefits the Egyptian economy, by achieving a gradual improvement in financial conditions, expansion in investment fields and good management of state assets. He pointed out that "the projects that the state implements are the main engine of the economy, and has made Egypt among only 4 countries that achieve a positive growth rate despite the" Corona "pandemic that affected the world's major economies.
He revealed the allocation of 308.3 billion pounds in the draft of the new budget, to support the activities of economic bodies and contribute to their capital, in a way that helps finance its investments to implement national and development projects, to contribute effectively to improving public services and improving citizens' quality of life, facilitating them, in line with the state's efforts to maximize spending on laying the foundations for comprehensive and sustainable development in accordance with Egypt's 2030 vision.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
