Cairo – Mubasher: The Egyptian government investments have been increased by an additional EGP 10 billion, the finance minister Mohamed Maait said.
The increase is aimed at creating new jobs, making the due payments to contractors and suppliers, and improving public services, Maait added in a statement on Thursday.
Government investments reached EGP 140 billion in fiscal year 2019/2020.
A total of EGP 2 billion has also been allocated to pay the overdue subsidies to exporters.
In addition, Maait revealed that EGP 15 billion has been allocated for the purchase of 3.5 million tonnes of local wheat.
