President Sisi directs to strengthen the path of institutional reform to ensure enhanced economic growth
President Abdel Fattah El-Sisi met today with Dr. Mostafa Madbouly, Prime Minister, and Ahmed Kojak, Minister of Finance, where the President followed up on the financial performance indicators of the general budget and the government’s efforts to achieve financial balance, which contributes to improving the performance of the national economy. Especially in light of the increasing regional challenges; With its economic repercussions.
The official spokesman for the Presidency of the Republic explained that the meeting also witnessed a review of the ongoing government measures to attract more local and foreign investments, including the incentive package and tax facilities that were announced. Recently, the ongoing efforts to reduce government debt in an integrated manner were presented, in a way that achieves an improvement in all debt indicators in the medium term, as well as the work that the government is doing to maximize dollar returns.
The President has directed to continue the reform path. A comprehensive institutional framework that aims to ensure financial discipline and sound governance, by rationalizing public spending, enhancing public revenues, and reducing government debt, in a way that enhances the economy’s ability to withstand various challenges, and provides a competitive investment and development environment, in addition to making more revenues available to the state. To improve the services provided to citizens, especially in the health, education and social protection sectors.
