Mohamed Mait
Egypt’s President Abdel Fattah El-Sisi urged maintaining performance regarding the general budget indicators, leading to achieve an initial surplus of 1.5 percent.
Marking the first anniversary of the mega national project, Maait said the strong political will was the key factor on the success of the comprehensive health insurance system.
The system will also allow the exchange of information and secured data electronically between the Customs Authority and the state's agencies or external parties with which agreements have been concluded that acknowledge this, and the introduction of a comprehensive risk management system.
The Egyptian official said in a statement on Thursday that the ministry prepared "Challenge and Achievement" report about the economic performance during 2020 for the second year in a row.
He also pointed to an increase in new exports for the fifth month in a row, believing this improvement in the performance of companies reflects a strong economy in Egypt.
He added that the government has launched many health initiatives such as the "100 Health Initiative" and the "Women Health Initiative".
This came during Ma’it’s meeting with Hong Jin-wook, the new ambassador of South Korea in Cairo.
The debt-to-GDP ratio was estimated at 108 percent on June 30, 2017, Maait said.
In addition, a total of LE 3.8 billion has been allocated for establishing and developing technological and private non-profit universities, Ma'it pointed out.
Ma’it clarified Thursday that this transformation contributes to facilitating citizens' access to services at their actual value, and is consistent with presidential directives to gradually move to "digital Egypt".
Egypt was the only country in the Middle East and Africa, whose credit rating was maintained with a stable outlook by S&P Global Ratings, Moody's and Fitch, Ma'it said.
The Ministry of Finance will contribute to supporting the initiative by about LE 12 billion through several mechanisms, as the initiative gives a discount to goods within 20 percent.
The fund-to-be aims to increase consumer capabilities among citizens, he said during the inauguration of a number of national projects earlier today.
In addition to planning to finish implementing 105,000 units in 2021/2022.
The government is ready to take all measures and make decisions needed to limit the negative impact of that pandemic on the Egyptian economy, Ma’it said.
"TRIPTIK" cars will be exempted from the fine imposed until the return of land and sea travel between countries.
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