Finance Minister Mohamed Maait announced that Egypt aims to boost spending on its health, education and social development sectors to implement its strategy of building human capacities, done so via expanding effective initiatives with specific goals with which citizens may feel the fruits of development efforts to improve daily living. His remarks came during the Spring Meetings of the International Monetary Fund and the World Bank, held via through video-conference in the presence of the ‎Vice Minister of Finance for Fiscal Policies and Institutional Reform Ahmed Kouchouk. Maait said that Universal Health Coverage is the primary tool for reforming the health sector, and noted the importance of national initiatives launched by the government in this sector, such as how it succeeded in eliminating the Hepatitis C virus and waiting lists for surgeries. And electronic implementation of the state’s general budget contributes to achieving further financial discipline, he said, thereby raising the efficiency of public spending and the optimal directing of financial resources in light of the government’s priorities. The Finance Minister noted that the financial performance during the first nine months of the current fiscal year was strong in terms of public revenue growth rate.

Source: Egypt Independent April 17, 2021 09:33 UTC