By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Robert F Kennedy on the presidential campaign trail in 1968, as he talked about limitations of gross domestic product* (GDP). Alamy
    Beyond GDP: Changing how we measure progress is key to tackling a world in crisis
    March 21, 2023
    IMF reaches staff-level deal with Somalia
    IMF reaches staff-level deal with Somalia
    March 21, 2023
    HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
    HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
    March 21, 2023
    Cooperation between MSMEDA, JICA to boost competitiveness of MSMEs
    Cooperation between MSMEDA, JICA to boost competitiveness of MSMEs
    March 21, 2023
    SCZONE discusses cooperation with American-Hellenic Chamber of Commerce
    SCZONE discusses cooperation with American-Hellenic Chamber of Commerce
    March 21, 2023
  • Politics
    PoliticsShow More
    Shoukry confirms Egypt's full support to COP28 in UAE
    Shoukry confirms Egypt’s full support to COP28 in UAE
    March 21, 2023
    Egypt’s GAH, WHO discuss cooperation in health sector
    Egypt’s GAH, WHO discuss cooperation in health sector
    March 21, 2023
    Egypt, Turkey are not competitors in Libya: FM Cavusoglu 
    Egypt, Turkey are not competitors in Libya: FM Cavusoglu 
    March 21, 2023
    Chinese President Xi Jinping said on Tuesday that China is ready to expand cooperation with Russia during his meeting with Russian Prime Minister Mikhail Mishustin.
    Xi says China to expand cooperation with Russia in trade, investment, supply chain, mega projects, energy, hi-tech
    March 21, 2023
    Egypt’s Irrigation Minister heads to New York for UN water meeting 
    Egypt’s Irrigation Minister heads to New York for UN water meeting 
    March 21, 2023
  • Interviews
    InterviewsShow More
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    December 27, 2022
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Community dialogue on new state budget within coming weeks
Share
Notification
Latest News
Robert F Kennedy on the presidential campaign trail in 1968, as he talked about limitations of gross domestic product* (GDP). Alamy
Beyond GDP: Changing how we measure progress is key to tackling a world in crisis
Business Opinion
IMF reaches staff-level deal with Somalia
IMF reaches staff-level deal with Somalia
Business
HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
Business
Shoukry confirms Egypt's full support to COP28 in UAE
Shoukry confirms Egypt’s full support to COP28 in UAE
Politics Egypt
Egypt’s GAH, WHO discuss cooperation in health sector
Egypt’s GAH, WHO discuss cooperation in health sector
Politics Egypt
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Community dialogue on new state budget within coming weeks
Business

Community dialogue on new state budget within coming weeks

Daily News Egypt
Last updated: 2023/01/24 at 2:21 PM
By Daily News Egypt 4 Min Read
Share
Community dialogue on new state budget within coming weeks
SHARE

Minister of Finance Mohamed Maait has said that a community dialogue will be launched on the new budget 2023/2024 during the next few weeks, in implementation of presidential directives. This dialogue aims to set priorities for public spending, in light of the exceptional circumstances in the global economy, which impose extremely difficult pressures on the budgets of countries, including Egypt, whether in terms of the unprecedented rise in the prices of goods and services a result of the disruption of supply chains, or the high cost of financing.

Maait added, in a statement issued by the Ministry of Finance on Monday, that the government aims for a fair distribution of budgetary appropriations, taking into account the response to the requirements of growth and development for all regions and segments of society, with a focus on development priorities, expanding the social protection network, and dealing with the effects of international and local economic challenges. This aims to limit the repercussions of the global inflationary wave on citizens as much as possible; especially the neediest and most vulnerable groups, along with the completion of the Decent Life initiative, the largest project in the history of Egypt, to improve the lives of 60% of Egyptians who live in rural areas, increase spending on health and education, and expand effective programs in these two vital sectors;  in order to continue human development.

He highlighted the government’s commitment to meeting the needs of citizens, reducing inflationary effects on them, and achieving economic goals, by maximizing efforts of financial discipline, the competitiveness of the Egyptian economy, improving the business environment and simplifying procedures to stimulate investment, and achieving high and sustainable growth rates. This would happen by boosting productivity and export rates, as well as deepening the local component, promoting economic development, paying attention to small and medium enterprises (SMEs) and manufacturing industries, expanding the trend towards green transformation, attracting more clean investments by making optimal use of strong infrastructure, and supporting structural reforms so that the private sector leads the development engine and provides more productive job opportunities.

According to the statement, the Minister of Finance is keen to manage the series of community dialogues himself, in the presence of the ministry’s leaders, to ensure the achievement of the desired goals, in a way that contributes to determining the requirements for stimulating economic activity through the vision of the business community in its various segments, and economists, and the requirements for maximizing efforts to empower women, youth and people of determination through the vision of their representatives. And getting to know what goes on in the minds of citizens by seeing their representatives also from the members of the House of Representatives and the Senate, and monitoring what intellectuals say from university professors, research centers, senior writers and media professionals, so that we can finally determine the priorities of public spending in the process of construction and development, the foundations of which were laid by President Abdel Fattah El-Sisi; This leads to providing a decent life for the citizens.

The statement indicated that six dialogue sessions will be held with representatives of the Federation of Chambers of Commerce, the Federation of Industries, the Export Councils, the Investors Union, the two businessmen’s associations, the business youth, the joint business councils, the House of Representatives and the Senate, women and people of determination, in addition to university youth, press and media figures, economists, university professors and research centers.

You Might Also Like

Beyond GDP: Changing how we measure progress is key to tackling a world in crisis

IMF reaches staff-level deal with Somalia

HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson

Cooperation between MSMEDA, JICA to boost competitiveness of MSMEs

SCZONE discusses cooperation with American-Hellenic Chamber of Commerce

TAGGED: budget
Share this Article
Facebook Twitter Email Print
Previous Article Egypt, Tunisia discuss bilateral cooperation in digital transformation Egypt, Tunisia discuss bilateral cooperation in digital transformation
Next Article Outstanding T-bills, bonds record EGP 4.309trn in 2022: Finance Ministry Outstanding T-bills, bonds record EGP 4.309trn in 2022: Finance Ministry
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Robert F Kennedy on the presidential campaign trail in 1968, as he talked about limitations of gross domestic product* (GDP). Alamy
Beyond GDP: Changing how we measure progress is key to tackling a world in crisis
Business Opinion
IMF reaches staff-level deal with Somalia
IMF reaches staff-level deal with Somalia
Business
HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
HDB allocates EGP 3.85bn to sustainable financing in 2022: Chairperson
Business
Shoukry confirms Egypt's full support to COP28 in UAE
Shoukry confirms Egypt’s full support to COP28 in UAE
Politics Egypt
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?