Egyptian Prime Minister Mostafa Madbouly said on Thursday that the fuel subsidy bill had fallen to 17 billion Egyptian pounds ($1.09 billion) from 128 billion pounds four years ago, Reuters reported.
Egypt approved a 2.46 trillion Egyptian pound ($158 billion) budget, which will be implemented in July 2021.
Egypt targets a budget deficit of 6.6% in the 2021-2022 fiscal year.
Today, Thursday, the Egyptian government statement stated that the Prime Minister chaired the first meeting of the full government at the Council of Ministers headquarters in the new administrative capital.
Madbouly stated that today’s meeting comes within the framework of starting the gradual transfer of work from the new administrative capital.
And the Prime Minister continued, “It is important that the competent teams in each ministry start operating the ministries’ buildings,” directing that each minister has an integrated plan for this gradual transition, and that there be a presence of ministers in the new government buildings gradually, in preparation for the complete transition and work from the government district in the capital. administrative.