Dr. Youssef Boutros Ghali, Minister of Finance assured that the expenditure that will be injected to face the effects of the global financial crisis, estimated at approximately 15 billion pounds will be funded through a new and effective methods for the management of State funds, which achieved savings of the budget, through maintaining high growth rates of the economy and preserve the sovereign significant revenue for the state without increasing any taxes or fees.

He explained at a press conference held on the sidelines of the conference that such expenditures will be collected by increasing the size of the budget deficit and this will be displayed to the People's Assembly to pass the amendment to the current budget and said there was no damage from this increase.

From his side, Dr. Mahmoud Mohieddin , Minister of Investment, assured that the Egyptian bourse will recover after the global financial crisis will calm later confirmed the importance of not compromising the shares.

Rashid Mohamed Rashid, Minister of Trade and Industry said that we have to activate inter-Arab trade will contribute to reducing the effects of financial crisis and stressed that it still expected to become China's first commercial partner to Egypt in the coming period.

(Source :Al-Ahram)