The President directs to continue comprehensive reform through rationalizing spending

President Abdel Fattah El-Sisi directed to continue the path of comprehensive institutional reform that aims to ensure financial discipline and sound governance, through rationalizing public spending, enhancing public revenues and reducing government debt, in a manner that enhances the economy's ability to withstand various challenges, and provides a competitive investment and development environment, in addition to providing more revenues to the state to improve services provided to citizens, especially in the health, education and social protection sectors.

This came during President Abdel Fattah El-Sisi's meeting today with Dr. Mostafa Madbouly, Prime Minister, and Ahmed Kojak, Minister of Finance, where the President followed up on the financial performance indicators of the general budget, and the government's efforts to achieve financial balance, which contributes to improving the performance of the national economy, especially in light of the increasing regional challenges and their economic repercussions.

The official spokesman for the presidency explained that the meeting also witnessed a review of the ongoing government measures to attract more local and foreign investments, including the package of incentives and tax facilities that were recently announced. The ongoing efforts to reduce government debt in an integrated manner were also presented, in order to achieve an improvement in all debt indicators in the medium term, as well as the work that the government is doing to maximize dollar returns.