Egypt: Minister - 30.6 Percent of Programs and Performance Budget Earmarked to Improve People's Standards of Living

Minister of Finance Mohamed Maait said about 30.6 percent of the programs and performance budget allocations for the next fiscal year have been earmarked to projects aiming to improve people's standards of living.

Out of this budget allocations, about 27.3 percent was channeled into building human resources, and 31.3 percent into achieving economic development and raising the efficiency of government performance, Maait said in a statement on Saturday 12/06/2021.

The programs and performance budget is considered one of the economic reform tools which help in realizing the Egypt Vision 2030 and the sustainable development at the economic, social and environment levels.

He added that the general financial management system witnessed great progress after including the application of the programs and performance budget into the general budget classifications.

For his part, Ahmed Kouchouk, Vice Minister of Finance for Fiscal Policies and Institutional Reform, said the economic and financial policies witnessed an unprecedented progress.

The head of the final statement sector of the Ministry of Finance Mohamed Sobki said the first guideline of the programs and performance budget was issued to be a reference for the progress.

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