1 Day
Source:
صدى البلد
Alia El Mahdi: Egypt's High Interest Rates and Unstudied Projects
Dr. Aliaa El Mahdy emphasized the importance of thoroughly studying the projects implemented by the state beforehand to avoid errors. She pointed out the limited financial resources and their impact on citizens' ability to bear high taxes and fees. She also confirmed that inflation acts as an indirect tax borne by the citizens, and that rising interest rates lead to higher borrowing costs for both the public and private sectors, which in turn raises the prices of goods and increases financial burdens. Estimates indicate that Egypt ranks among the countries with the highest interest rates in the world, translating into higher living costs.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)