The Egyptian Minister of Finance, Ahmed Kajouk, revealed that Egypt recorded the highest rate of the primary surplus of GDP at 3.1 percent during the period from July to April.
He pointed out that "the debt-to-GDP ratio has declined despite the rise in interest rates, and we aim to continue the strong decline in the coming period." He pointed out that "the Egyptian government seeks to create sufficient financial spaces to increase spending on health, education and socio-economic development."
He noted that "there is coordination and harmony between all axes and reforms of economic policies to ensure the competitiveness of the Egyptian economy."
Source (Al-Arabiya.net Website, Edited)
