Dr. Youssef Boutros Ghali, the Minister of Finance declared that a bundle of the economic measures for the national economy activation and the new investments with about 15 billion pounds include the general expenditure increase in the general state budget and the Economic authorities about 12 billion pounds and a presentation of a billion pounds supported the salestax on the capitalist commodities through the investors exemption from the tax on purchases for a year of next January. and 1200 million pounds as a reduction in the medium materials customs and the capitalist commodities for the investors stimulation on the expansion and new investments pumping In order to face the consequences of the global financial crisis on the national economy

The cabinet in a meeting recently headed by Dr. Ahmed Nazif, Chairman of the cabinet had agreed to the terms of this expenditure.

Dr. Ghali declared that the increase which reaches 12 billion pounds financing will occur through the public treasury account in the national investment bank indicating that the ministry in coordination with the economic development ministry taking the needed modification in the general budget law for the current fiscal yearAnd opening the adoption of the expenditure in the general state budget and the concerned economic authorities in preparation for the submission of the People's Assembly and the Shura assembly for approval.

(Source: Ministry of finance)