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Egypt unemployment drops to 5.8 percent
The Deputy Prime Minister announced that the Program and Performance Budgeting will be implemented on a trial basis beginning in 2027-2028, with the aim of improving budget management and achieving greater efficiency in government spending. Additionally, the Minister of Planning overseen the settlement of the New Valley Governorate's debt to the National Investment Bank, praising the role of E-Finance Company as a strategic partner in executing national projects. In a different development, the European Central Bank is expected to raise interest rates soon amid increasing pressures on the energy sector.
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