135 billion dollars increased investments in the new budget
-
Minister of Finance Dr. Youssef Boutros Ghali has stated that the fiscal year 2006/2007 will depend on increased investments by 135 billion dollars including general investments of 29.5 billion from the government and economic institutions and which is percentage rate of 22%. The private sector will participate with 105.5 billion or 78% of targeted investment rates, reflecting the growing role of the private sector in the forthcoming stage.
Dr. Ghali asserted that future investment projects will serve production and activate exports in addition to the subsequent absorption of newcomers into the work force. Dr. Ghali said that the private sector is now playing a pivotal role in economic reform and in attracting local and foreign investments for the production of competitive goods.
Ghali explained that production is essential to achieve economic development and attain price stability.
(source: Al-Aalam Alyoum)

