Egypt’s Ministry of Finance says will launch ‘social dialogue’ on Draft State General Budget

Egypt’s Ministry of Finance says will launch ‘social dialogue’ on Draft State General Budget

Egypt's Finance Ministry said on Sunday that it would open up the new draft of the government's 2020/2021 budget to discussion through a "social dialogue" initiative, and provided more details about the state's targets for economic growth over the course of the coming year.. Egypt achieved one of the highest economic growth rates among emerging countries during the 2018/2017 fiscal year, at 5.6 percent - a major improvement compared to the previous 2.3 percent recorded between 2011-2014.. Egypt's Cabinet has said that economic growth is the result of government-led economic and financial reforms, which achieved growth in the manufacturing and tourism sectors.. Last week, the IMF, having branded the 2016 program a success, recommended that Egypt implement a new package of reforms geared towards supporting and developing the country's private sector..