Egypt’s Prime Minister Mostafa Madbouly highlighted the significant state support allocated to five key sectors, totalling a staggering EGP 342bn annually. EGP 91bn annually, compared to less than EGP 50bn before 2021. Petroleum products: EGP 90bn, supporting each of the 18 billion litres of diesel consumed in Egypt with EGP 5. EGP 90bn, supporting each of the 18 billion litres of diesel consumed in Egypt with EGP 5. “It is impossible for any country or budget to continue increasing debt and borrowing,” the Prime Minister declared.

Source: Daily News Egypt January 04, 2024 14:01 UTC