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FinancialNews


  • 01-08-19

    Egypt targets USD1t in budget

    (MENAFN) Egypt is looking to raise no less than USD1 trillion in budget if it wishes to enhance the situation in the country and find a solution to its issues.

    President Abdel-Fattah al-Sisi stressed: "a country like Egypt needs at least a budget of 1 trillion U.S. dollars. I said this many times. Why are our conditions like this? It is because our economic conditions are difficult."

    The state budget, the president noted, is suffering from inconsistency amid a surge in population that hit over 100 million this year.

    Sisi emphasized that "our state budget over the past decades was less than required," adding that it caused accumulated concerns.

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