Cairo – Mubasher: Egypt’s government investment spending rose by 54% year-on-year during the first nine months of fiscal year 2018/2019, deputy finance minister for financial policies, Ahmad Kajok, said.
Government investment expenditures amounted to EGP 92 billion in the nine-month period ended 31 March, including EGP 70 billion of investments directly owned by the public treasury, Kajok added during a press conference on Tuesday.
In addition, allocation for goods and services rose by 47%% year-on-year from July 2018 to last March, primarily driven by allocations for education and health sectors, he noted.
