Egypt's current budget will achieve the largest deficit in Egyptian history, said economic expert Shreen el-Quady. He added that the budget will increase public debt in order to finance different sectors. “The government can identify waste sources in the budget,” el-Quady said, adding, “to increase the budget without specifying useless expenditures means increasing wasted money.” El-Quady said the government's vision is to increase the taxes to provide for government expenses. However, the government did not specify the sources of the informal economy to impose taxes, such as taxes on lorries. These taxes would achieve actual expenses.
