Saturday, 24 August 2019 02:27 GMT

Egypt eyes economic jump by 6 percent

(MENAFN) Egypt is looking to achieve a 6 percent economic growth target by next year, as the country undergoes ongoing reforms that are expected to drive an economic rebound.

Optimistic views are already being witnessed in indicators for economic performance and the state budget as Egypt looks to conquer various challenges in its reform program, affirmed finance minister Mohamed Maait.

The Egyptian government, the finance minister affirmed, is looking to stabilize the economy and accomplish an initial surplus of 0.2 percent in the state budget.

Maait added that the government is also seeking to cut public debt rates that registered 98 percent of the GDP recently, a decline from the 108 percent seen last year.


Egypt eyes economic jump by 6 percent

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