The Egyptian cabinet under Moustafa Madbouli agreed to rationalize public spending in a bid to combat the repercussions of the current economic crisis. The decision will be applicable to all entities included in the state’s 2023 / 2024 general budget such as administrative apparatus, local administration, public service authorities, and public economic authorities. The decision is effective until the end of the fiscal year (FY) 2023 / 2024
Source: The Egyptian Gazette
