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Sisi Frees School Funds
President Abdel Fattah el-Sisi directed, during a meeting with Prime Minister Mostafa Madbouly and Finance Minister Ahmed Kouchouk, that financing instruments be diversified and greater flexibility be allowed in allocating resources, creating fiscal space to improve health and education services and strengthen social protection. The meeting reviewed a study on investing the surpluses and funds of state entities in government securities. This would reduce the budget’s borrowing needs and lessen reliance on high-cost debt instruments, while also supporting low-interest financing initiatives for the private sector.
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