CAIRO, March 29 (Reuters) - The Egyptian government said
on Wednesday that it will raise allocation for food subsidies by
20 percent and for petroleum products by 24 percent in its
fiscal year 2023-2024 draft budget.
A government statement added that Egypt will seek GDP growth
of 4.1 percent, and an estimated average inflation rate of 16
percent in the same fiscal year.
(Reporting by Momen Saeed Atallah, Writing by Ahmed Elimam,
Editing by William Maclean)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.