Egyptian government aims to invest about LE376.4B during 2022/2023

CAIRO - 9 May 2022: The Egyptian government aims to increase the value of investments financed by the public treasury during the next fiscal year 2022/2023 by 9.6 percent, on an annual basis.

 

The financial statement of Egypt's budget for the next fiscal year stated that the government aims to increase the value of investments financed by the treasury to LE 376.4 billion, compared to expected estimates of LE 343.4 billion by the end of the current fiscal year 2021/2022.

 

The government emphasized that it aims to implement new policies that would stimulate economic activities that support growth, especially in the industrial and export sectors, and be able to absorb the workers affected by the suspension of their activities.

 

The Ministry of Finance said that the government will continue to formulate plans and protocols to resolve financial entanglements between the various sectors of the state.