International Courant
Egypt is focusing on a progress fee of 4.2 p.c for the 2024-2025 funds 12 months, up from three p.c for the present 12 months – even amid international financial and geopolitical crises – Minister of Planning and Financial Improvement Hala al-Saeed introduced.
Talking on the sidelines of the annual conferences to debate the 2024 financial and social improvement plan in Cairo on Sunday, Saeed added that the communications sector is predicted to develop by 16 p.c and tourism by 45 p.c within the subsequent fiscal 12 months.
The overall investments envisaged within the 2024-2025 plan quantity to LE2 trillion, she stated, and can deal with the well being and training sectors as a precedence, along with boosting the position of the non-public sector.
Egypt’s goal for the expansion of its financial system within the coming fiscal 12 months exceeds expectations of the World Financial institution, which estimates that progress will attain 3.9 p.c, however stays beneath expectations of the Worldwide Financial Fund, which estimates that Egypt’s financial system will develop by 4.7 p.c will develop. p.c in 2024-2025.
Egypt targets progress of 4.2% for the following funds 12 months: minister
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