The disbursement will be completed to the exporting companies benefiting from this stage in subsequent installments on July 11 and August 8.
The government is footing a significant part of the bill for the new vehicles, providing participants with current-year models at below-market prices as well as a 7- and 10-year installment plan with a 3% flat annual interest rate
The electronic payment service's growth rate for workers' salaries in the country reached 24%, with a value of EGP 299.4 billion, compared to about EGP 242.2 billion for the same period in the last fiscal year.
The total deficit decreased to 3.6% of the local output, instead of 6.1% in the previous fiscal year, the minister of finance indicated.
Maait stated that the loan is anticipated to be secured before the conclusion of 2024.