Tags: Egypt Plans Stimulus Package After Blow to Growth

Egypt Plans Stimulus Package After Blow to Growth

Tuesday, 22 Feb 2011 01:23 PM

Egypt is planning a stimulus package to spur its economy after it was badly hurt by political turmoil, Finance Minister Samir Radwan said on Tuesday.

He estimated that the political unrest that led to the ousting of President Hosni Mubarak would reduce growth in the financial year to end-June to 4.3 percent from the government's previous forecast of 6 percent.

"The goal of the stimulus package is to get the economy on its feet again," he told reporters. He hoped the package would be both on budget and off budget with help from the private sector.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Economy
Egypt is planning a stimulus package to spur its economy after it was badly hurt by political turmoil, Finance Minister Samir Radwan said on Tuesday.He estimated that the political unrest that led to the ousting of President Hosni Mubarak would reduce growth in the...
Egypt Plans Stimulus Package After Blow to Growth
96
2011-23-22
Tuesday, 22 Feb 2011 01:23 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved