State keen on reducing Covid-19 economic fallout with no burdens on citizens

CAIRO - 3 May 2020: The state is taking action to mitigate coronavirus economic effects without further burdens for citizens, Minister of Finance Mohamed Maait said on Sunday.

Maait made his remarks during a meeting of the parliament's plan and budget committee to debate a government bill for imposing a new fee to develop state financial resources.

Planning and Economic Development Minister Hala el Saaed was in attendance.

"The state is trying to mitigate the adverse effects of the novel coronavirus on economy," Maait said, highlighting the need to cover staff salaries and other expenses incurred to provide aid, pay debt interests and supply subsidized commodities.

He also underlined the importance of seeking new resources as long as it does not result in further burdens for the average citizen.