Maait explained that the new budget focuses on balancing between mitigating inflationary pressures experienced by citizens, meeting development needs, and maintaining financial discipline
In a note seen by the Arab World News Agency, Goldman Sachs projects that the country’s real GDP growth will average between 6-6.5% for FY2025/2026
The minister reassured that there would be no additional tax burdens imposed on investors in FY2024/2025
Egypt’s economic growth is expected to slightly narrow in 2024, according to the African Development Bank (AfDB), dropping from an estimated 4% in 2023 to 3.7% in 2024
The Central Bank of Egypt (CBE) increased the overnight deposit rate to 21.25%, the overnight lending rate to 22.25%, the rate of the main operation to 21.75%, and the discount rate was also raised to 21.75%
