Dr. Mohamed Maait, Minister of Finance, confirmed that we are dealing with complex global crises that are extremely difficult for various economies, including Egypt, with an integrated package of procedures and measures that support the Egyptian economy and stimulate investment, production and export.
This came during a meeting held by the Minister of Finance with Mohammed bin Hadi Al-Hussaini, Minister of State for Financial Affairs in the UAE, on the sidelines of their participation in the annual meetings of the Islamic Development Bank Group in the Kingdom of Saudi Arabia, under the title: “Establishing partnerships to prevent crises.”
The minister added that the Egyptian economy attracted large foreign investments during the first half of the fiscal year, and that the measures and measures taken by the government and the reforms it implemented to enable the local and foreign private sector contribute to the speedy return of the Egyptian economy to strong and sustainable growth, explaining that the “government proposals” program Within the framework of the State Ownership Policy document, it opens horizons for foreign investments, and we target $2 billion before the end of the current fiscal year.-
The minister emphasized achieving optimal utilization of the state’s resources and the most developed and accommodating infrastructure for productive activities in various sectors, without prejudice to balanced fiscal policies aimed at financial discipline, by maintaining a primary surplus, and setting deficit and debt rates for GDP on a downward path in the medium term, pointing out. to the government’s interest in supporting economic activities and social segments most affected by the sharp inflationary wave; To reduce burdens as much as possible.-