Revenue growth rate reached about 20% and the expenditure growth rate reached about 15%, in addition an initial surplus worth about 97 billion Egyptian pounds was achieved, 1.3% of the GDP, Rady said.
Egypt has made rapid efforts over the past few years in responding to global shocks and crises to mitigate, adapt and recover from the short, medium, and long-term effects of the Covid-19 pandemic, added the minister.
More than 446 billion pounds has been allocated to economic, social and cultural rights
Egypt is currently seeking to increase its exports to international markets, and with a special scope on Africa’s markets.
The annual general inflation in Egypt rose to 13.5 percent last May, compared to 13.1 percent in April, which is lower than expectations that it was likely to reach 15 percent.
This review shows indicators of Egypt’s economic growth rates before and after the Russian war on Ukraine.
The bank had raised its forecast in April by 0.3 percent to reach 5.6 percent in January.
The 2nd edition of Egypt International Cooperation forum (Egypt-ICF) is planned to set a unified vision for the green transition ahead of the United Nations Climate change Conference (COP27) scheduled this November, Egyptian Minister of International Cooperation Rania el Mashat said Saturday.
The two sides praised the tangible progress in the course of the Egyptian-Qatari relations, in a way that serves the goals and interests of both countries and peoples.
The minister reiterated that such great roles reflect expatriates’ confidence in the national economy.
El-Said noted during thh cabinet meeting that the growth rate during the third quarter of the current fiscal year (January - March 2022) reached 5.4 percent.
The Google Impact Report in Egypt explores the impact of Google products in 2021 across three areas: People, Businesses and Economy.
Egypt is experiencing exceptional circumstances, like world countries, as the developments of the Russian-Ukrainian war had a high impact on inflation and the rise in prices of goods and services.
Egypt Today monitors the most prominent points of Madbouli's statements during the press conference.
“Egypt is ready to activate a regular maritime line between the two countries, but the private sector must participate on both sides,” Madbouli said.
The Central Agency for Public Mobilization and Statistics (CAPMAS) monitored a noticeable decline in the volume of Egyptian imports from the COMESA group recently.
A governorate competitiveness index has been launched to monitor the efficacy of economic policies in every governorate, contributing to comprehensive development and integration at the national level.
Speaking about the program, Minister Maait said "the program made us more resilient in the face of internal and external shocks," adding that the situation would have been more complicated and difficult in light of the pandemic and the Ukrainian crisis as well.
In its latest World Economic Outlook issued Tuesday, the IMF expected that Egypt's gross domestic product (GDP) in 2023 would grow by 5 percent.
Mounting price pressures, slipping output expansion and sagging confidence will all pose a drag for most countries, according to the latest Brookings-FT tracking index.