ﻣﻮﻗﻊ ﺻﺪﻱ اﻟﺒﻠﺪ

Supervisor
Elham AbolFateh

Business

Finance Ministry draws plan to reduce public debt in 3 years

Thursday 10/January/2019 - 07:23 PM
Sada El Balad
Ahmed Moamar
Ministry of Finance seeks throughout the standing fiscal year to draw a comprehensive plan to reduce the public debt within frame of 2030 Egypt Vision for sustainable development.
It is worth to mention that this strategy seeks to achieve a balanced economy in the long range and reduce the public debt to rational levels.
The government program also plans widen network of public services according to economic reforms to attain ideal exploitation of assets of the state.
The plan of reducing the public debt will be referred to the Cabinet soon.
It is worth to mention that service of the public debt devours up more 100% of Gross Domestic Product (GDP).
Ministry of Finance seeks to reduce that debt to 85% of the GDP in three years only.

Comments

ads

Poll

What do you think about our new design?

What do you think about our new design?
ads