Cairo-Mubasher: Egypt seeks to boost its economic growth rate by 5-5.5%, and decrease its unemployment to 10% in the fiscal year 2016/2017 compared with 12.7% a year earlier, said Minister of Finance Hani Qadri.
He added that the state aims to reduce its budget deficit by 9-9.5% of the gross domestic product (GDP) and the public debt by 88-90% of the GDP.
Egypt plans to adopt new monetary policies to increase the savings and investments, in addition to making economic and structure reforms offering stable monetary environment, the minister said.
The country aims to complete its major projects such as the reclamation of 1.5 million feddans as well as the road network and logistics areas, in addition to encouraging the private sector to carry out and finance such projects.
