Deputy finance min.: Reform program offered radical solutions to economic problems

CAIRO - 25 March 2019: Deputy Finance Minister for Financial Policies Ahmed Kojak on Monday hailed Egypt's economic reform program, as it offered radical solutions to the country's chronic economic problems that had been left unaddressed for years.

Kojak made the remarks at the conclusion of a training course organized by the Finance Ministry to qualify a new generation of leading cadres, said a statement by the ministry.

During the event, the deputy finance minister added that the ministry has developed an overall strategy to decisively deal with such problems and challenges, backed by the government to take all required measures in this regard, the statement added.

The economic reform program's components are going in line with Egypt's vision 2030, a thing which has been reflected in yielding positive results acclaimed by international economic institutions, he noted.

The economic reforms have greatly contributed to cutting the country's budget deficit by 9.8 percent of GDP during 4 years, in addition to attaining an initial surplus by 2 percent of GDP, Kojak said.

The ministry's strategic vision targets achieving an initial surplus in the public budget on an annual basis, he revealed.

He said the finance ministry has drawn up an advanced program for executive leadership. The one-year program presents various skills in leadership and strategic administration, he added.

It comes within the framework of the ministry's keenness to consolidate the culture of strategic planning among staffers, Kojak noted.