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Mustafa Bakry on Economic Reforms and Public Burdens
The article discusses statements by Deputy Mustafa Bakry regarding the state of economic reform in Egypt, where he affirmed that Egypt has achieved significant successes, including an increase in the growth rate to approximately 5.2%, a reduction in debt burdens and interest payments, and the stability of foreign currency reserves, which exceeded $57 billion for the first time. He also pointed out that the "Decent Life" project is among the most important achievements, involving the improvement of infrastructure in villages. Additionally, he noted that Egypt is on a strong path of financial and economic reform according to reports from international organizations. However, he clarified that the main two challenges now are how to alleviate the economic and social burdens on citizens, especially the middle class and the poor, and how to reduce interest payments on debt, with the government awaiting clear and timely answers to these questions during the upcoming October conference.
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