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Ahmed Kjok confirmed Deputy Minister of Financial Policies and Institutional DevelopmentThe reforms and pecuniary insurance policies adopted have helped to dwindle the debt service invoice from 10% of GDP in monetary 12 months 2018/2019 to eight.8%, to increase the lifetime of the debt and to take care of funding returns in authorities securities, which helped dwindle complete funding. equilibrium and its gadgets.
واضاف نائب وزير المالية في تصريحات صحفية اليوم, أن أن خبراء مؤسسة “فيتش” توقعوا قدرة الحكومة على مواصلة جهود خفض عجز الموازنة خلال العام المالي 2021/2022 6.7% إلى من الناتج المحلي الإجمالى واستمرار تحقيق فائض أولى بنحو 1.5% من Gross home product.
It ought to breathe celebrated that Dr Mohamed Maait, Minister of Finance, confirmed that we’re efficiently reaching constructive pecuniary indicators, by means of the complicated implementation of the financial revise program, in a route that prompts worldwide establishments to resume their reliance within the power of the Egyptian economic system, explaining that Fitch’s conclusion to clique Egypt’s faith score at “B +” with secure future prospects, for the third time in the course of the “Corona” crossroad , it embodies the power and variety of the Egyptian economic system, and its capacity to ration positively with the repercussions of the “pandemic”, in contrast to most comparable and rising economies.
The minister added that the implementation of the structural revise program is a high precedence for the federal government. To better the industry local weather, expand native and alien non-public sector funding in all areas, particularly in evolution tasks resembling infrastructure, schooling and well being, along with bettering the competitiveness of Egyptian merchandise and to maximise Egyptian non-oil export earnings in a route that contributes to bettering the commerce equilibrium and structure a stable industrial abject.
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we’ll proffer you the respond to We have succeeded in decreasing the debt service invoice from 10% of GDP to eight.8%.
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