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Elham AbolFateh

Egypt

The government adopts a radical economic reform program: Planning Minister

Monday 16/April/2018 - 11:53 AM
Sada El Balad
Sada ElBalad-Nada Moustafa
Egypt’s planning Minister، Dr. Hala Al-Saeed stressed that the most important foundation of Egypt's 2030 strategy is the process of community participation.

In her word during 4th international Conference on Corporate Social responsibility (CSR)، al-Saeed pointed out that the state announced the strategy in 2016، with the full participation of the private sector، civil society organizations and government.

Moreover، Saeed added the government is keen on engaging the private sector and civil society as partners in setting up the development plans.

She added that the Egyptian government has adopted a radical economic reform program، away from the policy of painkillers.

Noteworthy، Last September، Moody's said that Growth in Egypt's economy has begun to pick up following a series of market reforms، but remains below pre-revolution levels، according to a new note published by ratings agency Moody's.

It estimates that the government has managed to cut its primary budget deficit to 1.8 percent of GDP during its 2017 fiscal year (which finished on June 30). This was a considerable improvement on the 3.7 percent deficit the year before، and، based on its current reform programme، the country could return to a budget surplus by as early as 2019.

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