In pursuit of these goals, the government should work to improve the efficiency of public spending, control investment spending rates, and enhance tax administration.
Prime Minister, Mostafa Madbouly, emphasized the importance of directing the ministerial economic group's efforts towards enhancing economic indicators, with a particular focus on addressing the declining inflation rates.
Madbouly pointed to the decline in inflation rates to about 27.5% in June 2024 compared to about 35.8% during the same month last year.
Core inflation rates also decreased during the same period to record 26.7% in June 2024 compared to about 41% during the same month last year.
He also pointed to the significant improvement in Net foreign reserves to reach $46.4 billion in June 2024.
The Prime Minister also stressed the importance of supporting priority economics to generate output, create job opportunities, attract investments, and increase foreign exchange resources.
Madbouly stressed the government’s commitment to achieving the goals of financial discipline, ensuring financial sustainability, and reducing the levels of internal and external public debt.
In pursuit of these goals, the government should work to improve the efficiency of public spending, control investment spending rates, and enhance tax administration.
He also stressed the need to take action to secure Egypt’s needs for medicine and ensure the adequacy of the supply of essential medicines in the markets.
