Finance Minister Hani Qadri has said that the government hopes to reduce the budget deficit and debt to around 9.5 percent by 2017.
"The government started its work with 13-14 percent budget deficit," he said, praising aid by Arab countries.
The remarks were made during a conference entitled “Egypt.. way to future” organized by Akhbar Al-Youm press on Monday and sponsored by President Abdel Fattah al-Sisi and Prime Minister Ibrahim Mehleb.
The minister added that the economy's management system now focuses on public interest, indicating that the government sticks to free market mechanisms.
Edited translation from Al-Masry Al-Youm
