President Abdel Fattah Al Sisi met today، Tuesday، with Eng. Sherif Ismail، Prime Minister and Amr El Garhi، Minister of Finance.
Ambassador Ala Youssef، a spokesman for the presidency، said that Al Garhi briefed the president on the preliminary indicators of the public budget over the fiscal year 2017-2108.
The minister also presented developments of economic program and sustainable development، especially the bid to reduce the budget deficit from 10.9% last year to 9.5%-9.3% this year.
The Minister of Finance pointed out that the first phase of the reforms based on handling with the main problems to redirect the subsides of fuel along with freeing exchange rates against the local currency.