IMF: Increasing fuel subsidies is important and protects the state budget



[ad_1]

Supair Lal, chief of mission of the Egyptian Monetary Agency, said that Egypt's economic reform program has seen many successes and progress, particularly with regard to the budget, which has generated a surplus of 0.2%.

mbc Egypt, the main objectives of the World Bank are to fight against inflation and increase the foreign exchange reserves of the State.In fact, Egypt has achieved success over the past year and a half. , Underlining that the Egyptian authorities are expanding the reform program, and this part is needed

The head of the IMF's mission to Egypt, head of the IMF's mission to Egypt, explained that the economic growth of the country's economy is expected to increase. Egypt is expected to reach 6% or 7% The main reason for the increase in debt in the past before the reform is the large deficit, because the government spends more than it produces, resulting in deficit and debt, and if the economy grows, what is happening now in the Egyptian state. "

He stressed that the Egyptian authorities pledged to increase subsidies means to protect the budget against rising prices of fuel and foreign currency, stressing that these funds are allocated to those who have the more need and money for health Education

[ad_2]
Source link