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 indicated in a press conference on Sunday in Cairo, that the primary surplus amounted to EGP 193 billion during the same period, compared to EGP 41.8 billion a year ago.
This growth reading shows a slowdown compared to 2.9% in the fourth quarter of fiscal year 2022/2023
minister of Finance, Mohamed Maait, stated that President El Sisi directed to increase public spending and improve the conditions of citizens, and sustainable work to raise their standard of living
Egypt charts a course towards becoming a global logistics hub, with the Suez Canal expansion at the forefront of transformative infrastructure projects.
