Foreign remittances to Egypt jumped by 40 percent in 2011 compared to the previous year, boosting the foreign cash reserve, said Prime Minister Hisham Qandil on Sunday 6/1/2013.

The remittances were the largest source of the foreign currency during the past two years, Qandil told a news conference at the presidential palace.

The premier also noted that a seven-point plan has been offered by the government to address the budget deficit.

He said a program for economic and financial reform should be carried out to lure more financial flows into the economy.