Cairo – Mubasher: Egypt is looking to achieve an economic growth rate of 6% in fiscal year 2019/2020, the country's finance minister said.
The most populous Arab country aims to cut its public debt to 93% in FY18/19, Mohamed Maait added in a phone call broadcast to Al Hayah Al Youm talk show.
Maait highlighted that the country’s debt ratio to gross domestic product (GDP) was 98% in June 2018, compared to 108% in the same month of 2017.
He noted that the Egyptian economy has faced several challenges over the past eight months such as investors’ concerns over the emerging markets, the rise in oil prices, and the US-China trade war.
