Minister of Finance Mohamed Ma’it during the meeting- Press photo
CAIRO - 16 April 2020: Finance Minister Mohamed Maait said governmental investments will rise by LE 10 billion under presidential directives.
The boost will contribute to creating new jobs, paying financial dues of contractors and upgrading services, he said.
In a statement on Thursday, he added that an additional LE 2 billion will be secured during this period until June for the Exports Development Fund to pay overdue funds to exporters.
Under this measure, exporters can get their funds without a tax payment document during the coronavirus crisis period.
This is meant to give exporters a chance until they have liquid money to pay taxes.
Maait said the economic reform program has largely contributed to mitigating the impact of the coronavirus.
The government is keen to secure all needed strategic and food commodities in addition to supporting the affected service sector, he added.
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