image description
image description

Archives


  • 27-09-18

    Egypt sets target to shrink public debt to 70 percent

    (MENAFN) Egyptian Finance Minister Mohamed Maait affirmed the country to be determined to push the public debt to hit 70 percent of the GDP over a period of four years.

    The finance minister stressed that Egypt's government is to avoid imposing hikes on taxes and steer clear of introducing new taxes.

    The statement has been made by the minister during talks with members of the Egyptian-based French Chamber of Commerce and Industry.

    It comes after Maait made an announcement in August, saying that the Egyptian government set a target to shrink its public debt to 92 percent of the GDP in the country's 2018-2019 budget.

    MENAFN2709201800450000ID1097494678

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved