Finance Ministry Seeks 9 Percent Deficit by 2017Source: www.export-egypt.com 9/8/2014, Location: Africa |
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Finance Minister Hani Qadri has said that the government hopes to reduce the budget deficit and debt to around 9.5 percent by 2017.
"The government started its work with 13-14 percent budget deficit," he said, praising aid by Arab countries. The remarks were made during a conference entitled “Egypt.. way to future” organized by Akhbar Al-Youm press on Monday and sponsored by President Abdel Fattah al-Sisi and Prime Minister Ibrahim Mehleb. The minister added that the economy's management system now focuses on public interest, indicating that the government sticks to free market mechanisms. |
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