Finance Minister: “If we blame the government for the price crisis, we will still blame it.”

09:57 PM

Thursday 15 September 2022

Books – Moataz Abbas:

Dr. Mohamed Maait, Minister of Finance, said that the growth rate reached 6.6% despite the circumstances of the global crisis, explaining that all citizens around the world suffer from high prices and energy and gas bills, as the crisis is global and not local.

Maait added, during his meeting with the “Facts and Secrets” program, broadcast on “Echo of the Country” channel, today, Thursday, that Egypt has spent a lot to solve the electricity crisis, as well as solving the road network crisis, and the crises of gasoline, diesel and gas queues.

He continued: “If you did not have a growth of 6.6% at this level, you would have found that the unemployment rate would rise, and in the period from 2011 to 2013, the unemployment rate had reached 13.3%, and now it has reached 7.2%, despite our population growth and the entry of one million people each year into the labor market, and to solve the problem of unemployment. We must reach growth rates of more than 7% every year.”

He continued: “The citizen who says the government has a mistake, there is no government in the world who does not have mistakes… The same citizen who praised the government in its management of the Corona virus crisis, but he is the same citizen who praised the government’s performance in managing the crisis as best as possible and did not feel it.”

And he added: “If you blame the government for the global crisis and the rise in prices, we must blame all the governments of the world for it, because all citizens suffer from the repercussions of this crisis and suffer from high prices and electricity, gas and water bills, because it is a global crisis and not a local one.”

And he continued: “If the world is living stable, I do not have this crisis and we have only blame, and I appreciate that the prices of goods for the citizen and the standard of living really affect him negatively and cause him problems, but if you ask any citizen in the world, you will find this same situation.”

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