Finance Ministry issues preliminary financial statement for 2019-2020

CAIRO, April 1 (MENA) - The Ministry of Finance has issued the preliminary financial statement for 2019-2020 State budget.

Gross domestic product is planned to reach some 6.163 trillion pounds in 2019-2020 budget compared with 5.256 trillion during this fiscal year, the statement read.

The 2019-2020 budget aims to increase growth rates to six percent, while focusing on comprehensive inclusive growth, according to the statement.

It added that the government is seeking to create jobs for youth and reduce unemployment rates to an average of 7 to 8 percent.