CAIRO – 20 January 2024: Prime Minister Mostafa stressed the importance of operating cultural palaces to enhance their role in nurturing the creative potential of children and young people.
Madbouli made the remarks while making an inspection tour of some projects in Aswan on Saturday evening, which he started with a new public library set up on an area of 3,200 square meters in Aswan city.
The premier also emphasized the need to make use of private sector's expertise to ensure sustainable and efficient operation of cultural palaces.
He was accompanied by the ministers of culture and local development.
The Egyptian state has emphasized keenness to empower private sector in different economic fields.
Late in 2022, President Abdel Fattah El-Sisi approved the State Ownership Policy Document, which focuses on maximizing the role of the private sector and determines sectors in which the government will reduce its participation.
As per the document, the government will also shift from the management of state institutions to the management of state capital by defining the mechanisms for the state’s withdrawal from the assets owned by the state, Madbouli said last year.
The implementation of the document aims at achieving financial savings that enable support for the general budget, achieving financial discipline, and ensure financial sustainability, Madbouli noted.
The document also aims to enhance the state's financial capacity to support social protection networks and protect the vulnerable groups in order to increase the levels of resilience of the Egyptian economy in the face of the crises, he stressed.
MENA contributed to the report.
Be Social
Comments
Leave a Comment