PM chairs meeting to discuss 2020/2021 state budget

CAIRO - 9 March 2020: Prime Minister Moustafa Madbouli chaired a meeting to discuss the state's draft budget for the 2020/2021 fiscal year ahead of referring it to President Abdel Fattah El Sisi.

The meeting was attended by Minister of Finance Mohamed Ma'it and other officials.

During the meeting, Madbouli stressed that the new budget for 2020/2021 will include an unprecedented increase in government investments with the view to maintaining the high growth rates achieved by the government.

It also focuses on pumping more investments in the health and education sectors, along with beefing up investments in villages as part of measures taken by the government to provide a decent life for the residents of needy villages, he added.

He noted that the draft budget will be presented to the president within days.