Egypt economy is doing well with int'l recognition: PM

CAIRO, July 15 (MENA) - Prime Minister Mostafa Madbouli stressed on Monday that many international organizations have testified to the remarkable progress achieved by Egypt's national economy over the past few years.

The progress achieved by Egypt's economy is attributed to the ambitious economic reforms carried out by the government, Madbouli said during a meeting with Finance Minister Mohamed Maait and senior officials at the Finance Ministry.

The meeting aims at following up economic indicators and reviewing the government's plan for 2019/2020 budget.

The finance minister expounded the most important financial and economic indicators in the country.

Maait expected that Egypt's budget deficit would decline as well as the debt coverage ratio.

He said that the government plans to increase public investments as part of efforts to improve public services and develop the infrastructure.

It also seeks to increase non-petroleum exports and foreign investments, he added.

At the end of the meeting, Madbouli called for crystallizing all ideas floated at the meeting to present them to President Abdel Fattah El Sisi to start their implementation