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Egyptian PM: State Budget to Be Referred to Parliament

Source: www.export-egypt.com 3/29/2018, Location: Africa

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The cabinet will refer the new state budget to the parliament 29/3/2018, Prime Minister Sherif Ismail said .

The new budget bodes well, as it includes major mega projects in housing, sewage, roads, oil, electricity, and health sectors, Ismail said.

The premier added that around EGP 16-17 billion were earmarked to developing the sewage networks.

Also, he noted that the investment budget would hit EGP 100 billion against EGP 70 billion in the previous financial year.


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