1 Day
Source:
مصراوي
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Loans From Poor Planning
Political thinker Mohamed Anwar Sadat said that loans and debt had mounted because too many projects were launched at once. He said some could have been postponed in favor of Egyptians’ day-to-day needs, while acknowledging the importance of projects such as the New Administrative Capital and transportation initiatives. He noted that debt repayments and interest consume around 80 to 90 percent of government revenues, putting pressure on public services, and welcomed the government’s decision to slow or postpone some projects. He said overcoming the crisis requires promoting job opportunities and investment through stable legislation, fair competition, and an environment that gives investors confidence.
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