The minister also added that they have allotted EGP 6.025 billion in the budget to go towards digital transformation and cybersecurity projects
This is less than the state budget’s target of 6.7% despite the growing costs of rising food and energy prices during the 2nd half of the year
Maait stressed that the new budget is the largest in Egypt’s history by exceeding the 3 trillion mark
This will be boosted by expected tax revenues of EGP 1.6 trillion in FY 2022/202
Maait stated that the economy would be able to withstand and absorb further repercussions from the pandemic, the ongoing Russia-Ukraine conflict, and inflation wave
