Minister of Planning and Economic Development Ahmed Rostom said the government is developing scenarios to curb inflation through coordination between fiscal and monetary policies.
Rostom made the remarks during a meeting with members of the Coordination Committee of Party Youth Leaders and Politicians marking the committee’s eighth anniversary. He reviewed developments in Egypt’s macroeconomic indicators and the outcomes of ongoing structural reforms.
The minister noted that the Egyptian economy recorded growth of 5.1% during the first nine months of the current fiscal year. He expects growth to reach between 4.9% and 5% by the end of the fiscal year, before accelerating to a targeted range of 5.2% to 5.4% in the next fiscal year.
Rostom stressed the ministry’s belief in partnership with civil society through initiatives such as the electronic “Sharek” application and the “Citizen’s Plan”. He also highlighted progress in electronic integration among the Ministry of Planning and Economic Development, the Ministry of Finance and the National Investment Bank to improve spending efficiency.