"Narrative Summit" Releases 2025 Recommendations to Cement Egypt's Position as a Global Tourism Destination    Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's President Al-Sisi prioritises inflation control in budget review
Published in Daily News Egypt on 13 - 08 - 2024

Egypt's President Abdel Fattah Al-Sisi has prioritised tackling inflation and improving the country's financial performance during a meeting with top government officials on Tuesday.
The meeting with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk focused on reviewing the general budget and the government's efforts to achieve its targets, according to a statement released by the Egyptian Presidency Spokesperson.
President Al-Sisi stressed the need for continued and intensified efforts to combat inflation through comprehensive policies and programs, ensuring the availability of essential goods and services for citizens. He also directed an increase in spending on healthcare, education, and social protection sectors, aiming to enhance the quality of services provided to citizens.
The meeting also addressed mechanisms to achieve tax stability and encourage investment flows, ultimately boosting economic growth.
President Al-Sisi emphasised the importance of a comprehensive package of tax incentives designed to improve governance, enhance services, and strengthen relationships between investors and the tax authority. This would involve leveraging advanced technological infrastructure to modernise the tax system and foster trust among the business community.
The Egyptian President highlighted the need to maintain a balanced budget, increase state revenue, and invest it strategically. He also emphasised prioritising spending on human development sectors, which he said will ultimately contribute to a stronger economy, a more competitive business environment, and an improved standard of living for citizens.
The government's efforts to achieve budget targets while simultaneously completing development programs will be key to enhancing the competitiveness of the national economy, improving productivity, and reducing government debt.


Clic here to read the story from its source.