Egypt targets 8% economic growth by next years: FinMin

Egypt seeks to achieve economic growth rate between six and eight percent within the upcoming few years, said finance Minister Amr el-Garhy on Thursday.

El-Garhy further made his remarks at Story of a Nation event, which started Wednesday evening at the military-owned Al Masah Hotel in the county’s new administrative capital city.

“The state (Egypt) plans to reduce the budget deficit by four percent within the next five years,” the minister stated, adding that that Egypt also hopes to narrow the debt level to GDP between 70 and 75 percent within 2020.