Cairo – Mubasher: Egypt’s revenue surged 20.1% year-on-year during the third quarter of the fiscal year 2018/2019.
Meanwhile, the government investment soared 50% in the three-month period ended 31 March, according to a report submitted to Egyptian president Abdel Fattah El Sisi on Tuesday.
El Sisi directed the government to rationalise public spending to increase funds allocated to the improvement of basic services and the development of the infrastructure, presidential spokesman Bassam Rady said.
Egypt exported $7.17 billion (EGP 124.17 billion) worth of mineral fuel, oils, pearls, precious stones, and metals during 2017, according to a report released by the Arab Investment and Export Credit Guarantee Corporation (Dhaman).
