Oil shifts from expense to driver of growth

Businessman Hosni Bey called for stopping the practice of profiting from currency exchange rate differences and price supports, advocating instead for direct cash support to citizens rather than commodity subsidies. He suggests converting oil revenues into productive capital to gradually fund private economic activity and strengthening the role of the private sector in financing the budget through taxes and royalties. His goal is to transition from an economy reliant on oil rent and unconnected profits to a productive economic model that supports sustainable development.

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