2 Days
Source:
المصدر
PM reviews spending plan
Egyptian Prime Minister Mostafa Madbouly reviewed a plan to rationalize public spending and ensure fiscal sustainability amid the repercussions of regional tensions. Prepared by the ministries of finance and planning and economic development, the plan is set to be submitted to the Cabinet in its final form. It calls for government entities to reduce their consumption of fuel and electricity, as well as spending on publicity and advertising, while prioritizing production, manufacturing and exports. It also seeks to ensure funding for strategic commodities and the oil and electricity sectors, and to maintain essential services.
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