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Elham AbolFateh

Business

Council of Ministers approves largest budget in Egypt’s history

Sunday 18/March/2018 - 09:59 PM
Sada El Balad
Ahmed Moamar
Ashraf Sultan، spokesman for the Council of Ministers، said that budget of the coming fiscal year is the largest one in all history of Egypt.
This budget exceeds EGP 1.4trillions.
Sultan added during remarks to “Al Mihour” Space Channel this evening that the next efforts of the government should be head towards improving the standard of living of the citizens، targeting the increase in employment opportunities، reducing inflation rates and raising growth rates more than the year.
He pointed out that the new budget aims to raise growth from 5.2 to 5.8% in the fiscal new year.
It also seeks to reduce unemployment rates between 10 to 13%.
He pointed out that there is a 25% increase in the amounts allocated to education and health 

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