Egypt plans stimulus package after blow to growth
Egypt is planning a stimulus package to spur its economy after it was badly hurt by political turmoil, Finance Minister Samir Radwan said on Tuesday.
He estimated that the political unrest that led to the ousting of President Hosni Mubarak would reduce growth in the financial year to end-June to 4.3 percent from the government's previous forecast of 6 percent.
The goal of the stimulus package is to get the economy on its feet again, he told reporters. He hoped the package would be both on budget and off budget with help from the private sector.
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick