Maait explained that the new budget focuses on balancing between mitigating inflationary pressures experienced by citizens, meeting development needs, and maintaining financial discipline
Maait explained that by the end of June 2024, Egypt is expected to receive $1 billion from the World Bank, € 1.07 billion from the European Union, in addition to $820 million from the International Monetary Fund (IMF).
Egypt already obtained $820 million from the IMF, as a result of the completion of the first and second reviews, Maait added.
Over the past six years, Egypt has been able to achieve financial discipline and budget targets, as it succeeded in achieving a primary surplus averaging 1.3% of GDP.
Maait announced this in press statements on the sidelines of the spring meetings of the International Monetary Fund (IMF) and the World Bank in Washington.
