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Government aims to reduce budget deficit to 8%: PM
Published in Albawaba on 13 - 03 - 2016

Prime Minister, Sherif Ismail met Sunday with a number of parliamentarians from Qalyubia governorate, at the Cabinet's headquarters in Cairo, Al Bawaba News reported.
Minister of local development Ahmed Zaki Badr and Minister of Legal Affairs Magdy El Agaty have attended the meeting.
Ismail revealed that the government plans to reduce inflation rate from 11.5% to 9%, reduce the budget deficit from 11.5% to 8%, and increase savings and investment rates. This step is an attempt to fill the financing gap and increase the growth rate in two years to reach 6%.


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