Economy

The Minister of Finance.. in an open dialogue with the symbols of the press and media about the new budget: priority.. to meet the basic needs of citizens.. in implementation of presidential directives

Books: Fathi Al-Sayeh

We are keen on the sustainability of the “reserve stock” of wheat… from alternative international markets )

Taking into account the sharp rise in international prices of energy and primary commodities in the “budget” project

“We must grow and manufacture all our needs” .. so that we do not import “inflation” from abroad

The Russian-Ukrainian crisis has doubled the inflationary pressures arising from the disruption of supply chains 5278 The state is doing its utmost its power..to absorb the largest possible amount of global shocks The financial burden of disease on citizens Maximizing development investments to improve people’s lives and provide more job opportunities

A stimulus package to deepen the role of the sector Private..and increase its contributions to economic activity We are working to achieve financial targets..in light of global economic challenges Exceptional ——————-
Minister of Finance, Dr. Mohamed Maait, affirmed that there is a top priority to meet the basic needs of citizens; In implementation of presidential directives, where the state does its best; To absorb the largest possible amount of global economic shocks, in the wake of the Russian-Ukrainian crisis, which, according to a report by the International Monetary Fund, compounded the inflationary pressures arising from the disruption of supply and supply chains, the sharp rise in freight costs, and global prices for goods and services, pointing out that we have a strategic reserve of Wheat will suffice us for 8 months, after supplying local production, next April, and that we are keen to maintain the “reserve stock” of wheat from alternative international markets; In order to ensure that our needs are secured, in light of this exceptional situation of the global economy. The minister said, in an open dialogue with the symbols of the press and media, as part of a series of community dialogues about the objectives of the new budget draft, in the presence of Dr. Ihab Abu Eish, Deputy Minister for Public Treasury Affairs, that we are committed to submitting the new budget draft to the House of Representatives on the constitutional date scheduled for this month, taking into account the sharp rise in prices. Global Energy and Commodities; Egypt is part of the world, affected by the turmoil it is witnessing, but the Egyptian economy has become more capable of flexibly dealing with internal and external shocks, and just as we succeeded in containing the repercussions of the “Corona” pandemic and the emerging market crisis, we can together overcome these difficult circumstances. 477632 The Minister added: “We must grow and manufacture all our needs” so as not to import “inflation” from Abroad, appreciating the growing role of the wise political leadership in adopting a national strategy to maximize our production capabilities in various sectors, through the localization of distinguished global experiences to achieve self-sufficiency. The Minister indicated that we are keen to maximize development investments to improve people’s lives and raise the level of services provided to them, explaining that there is a new stimulus package to deepen the role of the private sector in the comprehensive development process. sustainable development, and increase its contributions to economic activity; In order to provide more job opportunities, raise growth rates in a sustainable manner, and strengthen the structure of the national economy. The Minister affirmed that we are continuing to increase spending on health and education; As the main pillar of human development, pointing out that we are keen to expand the application of the “comprehensive health insurance” system in the governorates; To bear the financial burden of the disease on citizens, and our experience has succeeded in Port Said and Luxor, and during the coming period we are preparing to extend the umbrella of this new system to Ismailia, Suez, and Aswan. The Minister said, “We are working to achieve the financial objectives of the state’s general budget, whether in growth rates, and reducing the deficit and debt of the GDP, in light of exceptional global economic challenges.”
The symbols of the press and media expressed their happiness with this rich meeting, which confirms the government’s keenness To educate citizens about the objectives of the new budget, especially in light of the turbulent scene of the global economy, and at the same time, to broadcast messages of reassurance, of the state’s ability to deal flexibly with exceptional challenges, and to meet the basic needs of citizens.
The meeting was attended by: Karam Jabr, President of the Supreme Council for Media Regulation, Abdul Sadiq Al-Shorbagy, President of the National Press Authority, and Diaa Rashwan, President of the Syndicate of Journalists Chairman of the State Information Service, chairmen of boards of directors and editors-in-chief of national and private newspapers, and the Orient News Agency Middle.5278