22 April 2019 06:08 AM

Cabinet documents Sisi achievements from 2014 till 2018

Friday، 22 March 2019 - 02:41 PM

The Cabinet published a book Egypt's march of achievements that highlighted all projects carried out nationwide from the end of June 2014 till the end of December 2018.

The book, set to be translated into English, includes ventures expected to be opened on June 30, 2020.

Prime Minister Mostafa Madbouli said such releases fall within the government's role to show what had been achieved from development and service projects in Egypt.

These projects aim at improving services provided for the citizens, offering job opportunities for youth, and luring more local and foreign investments, Madbouli noted.

Egypt allocated EGP four trillion to establish mega national projects in various sectors from 2014 till 2020, the prime minister stated, adding more than EGP two trillion had been spent till December 2018 in 9,039 ventures.

The country succeeded in maximizing total revenues 80 percent in the fiscal years of 2013/2014 - 2017/2018 to reach EGP821,1 billion in the budget of 2018/2019, the premier went on saying.

The total deficit had declined less than 10 percent of the GDP in addition, the debt-to-GDP ratio fell to 78.8 percent in 2017/2018 for the first time since June 2009.

The central bank's net foreign reserves jumped to $44.513 billion in June 2018 compared with $14.936 billion in June 2013.

MENA

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