Egyptian Prime Minister Moustafa Madbouly said on Sunday he wanted the private sector to account for 65 percent of all investment in the country within three years, up from around 30 percent at present.
He also said in a press conference that the government aims to decrease total debt to 75 percent of gross domestic product in the next four years from 86 percent currently, and the budget deficit to 5 percent from 6.2 percent.
Madbouly said that the country aims to achieve a primary surplus of about 1.5 percent in the current fiscal year that ends in June 2022, which would rise to 2 percent of GDP over the next four years.
Egypt procures 1.75 mln tons of local wheat so far this seasonEgypt has procured 1.75 million tons of local wheat since the start of its harvesting season, a senior Ministry of Agriculture official said on Sunday ... Economy
Five soldiers, seven extremists killed in an attack on army in Egypt’s SinaiFive Egyptian soldiers and seven extremists were killed early Wednesday when the army was attacked in the Sinai region, the military said, the second ... Middle East
Egypt, US eye counter-terrorism ties in wake of deadly Sinai attackEgyptian President Abdel Fattah al-Sisi expressed hopes for deeper US counter-terrorism ties during talks with a top American general on Monday, ... Middle East