Finance Minister: Increase Employment Rates, Improving Living Top Of Priorities

Egypt’s reappointed Finance minister, Hany Kadry, Declared that the country’s fiscal policies in the next stage will focus on achieving essential elements like improving employment rates which he considered to be an important element in combating poverty and improving living conditions.

The minister said that this would require a stable return of domestic and foreign investment.

He added, in a statement to MENA news agency, that the ministry will also focus on decreasing the budget deficit in the next year to 10.5% from 14% in the current year.

Kadry said that the government will work on developing infrastructure and the development of new mechanisms to finance and use economic stimulus packages to motivate telecommunications, manufacturing, tourism and housing.

Source : Arab finance