President Abdel Fattah El-Sisi has instructed the government to continue intensive efforts to curb inflation and improve productivity in order to achieve higher growth rates.
Sisi made the remarks in a meeting with Prime Minister Mustafa Madbouli and Minister of Finance Ahmed Kouchouk, read a presidential statement.
Sisi underscored the need for enhancing financial discipline through governmental measures that support the performance of the Egyptian economy and bolster national development efforts.
The meeting reviewed national efforts to achieve financial discipline, increase the primary surplus, and reduce debt, especially with the imminent completion of the strategy to reduce public debt in the medium term.
Moreover, the meeting addressed the financial performance indicators of the state and the outlines and targets of the budget for the upcoming fiscal year 2025-2026.
The new budget proposal includes an increase in allocations for the social protection programs "Takaful" (Solidarity) and "Karama" (Dignity), as well as sufficient resources to fund the recently announced social protection package.
A higher percentage of the budget will also be allocated to human development programs, including all presidential initiatives, the statement added.
These efforts align with the strategic vision for building the Egyptian citizen and the state's commitment to improving the services provided to citizens, alongside ensuring comprehensive care for deserving low-income groups.
Source: Egypt Today
