10 Hrs
Source:
المصري اليوم
Mahmoud Mohieddin Critiques Government Funding
The article focused on the issue of low savings rates in Egypt and their negative impact on economic growth. Dr. Mahmoud Mohy El-Din pointed out that the savings file in the country is critical and not sufficiently monitored. He emphasized that the economic model relying on public investment hinders the private sector. He mentioned that multiple factors affect savings, such as demographic composition, fiscal policies, and insurance systems. He clarified that the decline in the savings pool requires encouraging the private sector and small and medium-sized enterprises in practice, alongside increasing revenues, improving exports, and enhancing market quality, all aimed at achieving sustainable economic growth and reducing dependence on external financing.
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