Indicators of financial performance during the first nine months of Egypt’s budget for the current fiscal year showed a decrease in the total deficit to 4.9%, while maintaining a primary surplus, and an increase in tax revenue by 12.8%.
Egyptian Finance Minister Mohamed Maait said that the annual growth in health spending reached 24%, and government investments have been increased, including; Allocating 80 billion pounds to an initiative to develop the Egyptian countryside, “a decent life,” and making 16 billion pounds available for cash support under the “Solidarity and Dignity” initiative, with an annual growth rate of 23%, in addition to paying 135 billion pounds dues to the Insurance and Pension Fund, and subsidizing food commodities at a value of 50 billion pounds.
