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The Egyptian government is preparing to approve a plan to rationalize public spending and create fiscal space to address the fallout from regional tensions, following a meeting between Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk and Minister of Planning and Economic Development Ahmed Rostom. The measures include curbing fuel and electricity consumption and spending on publicity and advertising, while prioritizing production and manufacturing and boosting exports. The final proposal is to be presented to the Cabinet, while preserving funding for essential goods and the oil and electricity sectors, and ensuring the continuation of services and economic activity.
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