Ma’it clarified Monday that 20/21 draft budget reflects the directions of the political leadership to improve the standard of living of citizens.
Egypt's 2020/2021 draft budget aims to reduce public debt of GDP to 82.7 percent by end of June 2021, and to achieve a primary surplus of 2 percent during the coming fiscal year.
Madbouli stressed that the new budget for 2020/2021 will include an unprecedented increase in government investments.
The preliminary financial statement will be issued in the third quarter of the current fiscal year 2019-2020, the Finance Ministry said in a statement Sunday.
The House of Representatives approved the Ministry of Manpower’s draft budget for the fiscal year 2019/2020.