Arab Finance: Ahmed Kouchouk, Minister of Finance, confirmed that financial and economic reform is an extended and sustainable process, and is greater than our reform programs supported by international institutions, and we have achieved positive results for financial performance in the first quarter of the current fiscal year, which enhances the path of economic stability, pointing out that the state possesses safe reserves of… Basic commodities in the context of its keenness to constantly provide the needs of citizens, and that we have space, diversity and flexibility in managing the financing needs of the budget, and we always strive to diversify tools and markets.
The minister said, in response to questions from representatives of the business community in a panel discussion organized by “N Gage” and “LYNX” for consulting services, “We have implemented 10 institutional reforms related to financial policy, which make us more capable of managing risks and increasing the competitiveness of the Egyptian economy, as a binding ceiling has been set.” For the total public investments of the state, it contributes to making more room for the private sector, and for the first time, “Medium-term budget framework» Starting next year; To set goals and priorities for a period of 3 years, pointing out that the concept of general government has been expanded to include all economic bodies and budgetary bodies for a more comprehensive picture of the state’s financial performance.
He added that we seek to have sufficient flexibility in the budgets of all parties to achieve national priorities at the state level, explaining that setting the “debt ceiling” and components of the debt strategy helps us improve all government debt indicators.
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