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The government program of Dr. Mustafa Medbouli, which was introduced today in Parliament, revealed that the main program in the field of economic development and government efficiency is to provide the financial resources needed to implement the program.
by increasing savings rates, reducing the deficit of the state budget, continuing to absorb excess liquidity in the markets and curbing inflation by introducing banks in new and diversified savings vessels, by establishing funds and investment companies.
In this context, the government aims to reduce the deficit rate of the economy, from Gross Domestic Product to 4.1% by 2021-2022 and to reach an initial surplus of 2% in From 2018-2019, reduce public debt to about 85% of GDP by 2020-2021 and 80% by 2021-2022. This is done by diversifying internal and external sources of funding to 30% externally and 70% internally to reduce the impact of rising domestic rates on debt service, using easy and flexible means of financing. targeting the extension of emissions. Treasury
With the aim of broadening the investor base by attracting investment institutions to subscribe to authorizations and guarantees The Treasury on the domestic market to achieve a gradual reduction in the cost of debt, and to participate in the proposals of state-owned enterprises to activate the securities and increase the efficiency of these enterprises, and continue to implement reforms in the rationalization of the ineffective agreement. Increase tax revenue to LE 1160 billion by improving the efficiency of tax collection and mechanization of government services with the Real Estate Tax Authority, which will increase tax revenue by LE 3.7 billion. 2017-2018 at LE 10 billion at the end of the program. And increase the price of fees and services on extracts issued by the interest and the project to introduce a law to impose fees for the receipt of real estate and the development of all property taxes, and activate the use of digital maps and improve the capabilities and skills of workers. To LE 839.7 billion by broadening the tax base, fighting tax evasion and tax automation, contracting with Ernst & Young, and activating the use of the system electronic invoicing via the electronic business system in the business sector, the increase in the issuance of a smart tax card, the targeting of an increase in the tax of liberal professions and the ongoing review of license fees.
Improve the efficiency of customs collection, reduce the number of export documents to 3 and import 3 out of 9 documents.] It is expected that the government will allocate $ 16.67 billion in loans and loans. grants to $ 28 billion in development projects, of which $ 11.4 billion were used
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