Ashraf Al Araby: National Income To Be Doubled Within 10 Years

Ashraf Al Araby, Minister of Planning and International Cooperation, said the state aims at doubling the national income in the coming 10 years through achieving real development rate annually reaches 7-7.5%.
He said further that the state targets 4.5% growth rate next year, in the framework of the state’s plan of activating the role of the real participation between the two sectors, public and private. This is to face the aggravated budget deficit, so as to eliminate poverty and the inflation in balance of payments.
The minister has described the plan, which the government is adopting jointly with the private sector, as more real; referring that several countries achieved 30% growth in the investment rates, and expected that Egypt will reach the same rate.  
Al Araby affirmed that the citizen doesn’t witness a tangible improvement in the standard of living, therefore there should be a justice in distribution. He called for new investments in 2012, estimated with EGP 276 billion to achieve economic development in short period.