Ministry of Finance sets aside EGP400m in government funds
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Poverty rates have increased from 20% to 25%.
These statements came during a press conference on Sunday night with a number of political youth groups, including Tamarod, April 6th and the Socialist Union, in addition to a number of liberal and Salafi parties.
Ahmed Galal : interim government is not here to watch things happening
Recent security unrest has resulted in the destruction of several state properties across Egypt
Galal said the subject has so far received more attention than necessary and he sought to address the issue in an appropriate manner.
Galal announced that no property taxes or income taxes would be modified “in order to not harm the economy.”
By Farah Halime – Rebel Economy The government’s tactic to avoid major austerity measures and instead try to stimulate the economy by pumping in new funds may be popular among Egyptians, but risks delaying the country’s economic recovery. The new minister of finance, the sixth since Mubarak stepped down in early 2011, said: “one of the important …
Minister dismisses 15 advisors for having connection with Muslim Brotherhood
Expert: Value of aid is “economically misleading” and unlikely to raise the foreign reserve level
Galal: “Social justice will be a primary component of new government policy.”