{"id":560147,"date":"2021-02-17T03:47:19","date_gmt":"2021-02-17T03:47:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/cabinet-is-getting-its-three-year-priorities-in-order\/"},"modified":"2021-02-17T03:47:19","modified_gmt":"2021-02-17T03:47:19","slug":"cabinet-is-getting-its-three-year-priorities-in-order","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/cabinet-is-getting-its-three-year-priorities-in-order\/","title":{"rendered":"Cabinet is getting its three-year priorities in order"},"content":{"rendered":"

<\/a> A three-year state budget and fiscal policy priority framework will be on the House<\/strong> of Representatives\u2019 agenda when cabinet submits the FY2021-2022 state budget<\/strong> at the end of March, Prime Minister Moustafa Madbouly said at a meeting with parliamentary committee heads yesterday, Al Mal<\/a> reports. The budget framework will outline the government\u2019s medium-term spending priorities and will be taken up as a new approach by the government and submitted alongside the standard detailed annual budget, the prime minister said.<\/p>\n

What will the framework entail? <\/strong>This isn\u2019t a return to statist five-year planning cycles, but rather a look ahead to the outlines of our post-covid economic recovery plan. In FY2019-2020, we saw an increase in spending on health<\/a>, education, wages and welfare, and included fuel and electricity subsidy cuts<\/a> \u2014 a trend we can expect to continue. We would also expect the framework to include the government\u2019s plans to continue cutting back its debt bill, which has been a priority point for several years. The Finance Ministry had begun implementing a long-term debt reduction strategy back in 2019<\/a>, with the aim of cutting down the debt-to-GDP ratio to 80% by 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

A three-year state budget and fiscal policy priority framework will be on the House of Representatives\u2019 agenda when cabinet submits the FY2021-2022 state budget at the end of March, Prime Minister Moustafa Madbouly said at a meeting with parliamentary committee heads yesterday, Al Mal reports. The budget framework will outline the government\u2019s medium-term spending priorities […]<\/p>\n","protected":false},"author":1,"featured_media":560148,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7206],"tags":[279,104,72,274],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-560147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-budget-watch","tag-economy","tag-enterpriseam","tag-house-of-representatives","wpautop","entry"],"acf":{"mongo_id":"66c47510-799b-4f9a-b6f4-d41d18781d5f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/248.jpg","photo_position":"above","related_issue":[560143],"teaser":"","voice_url":""},"yoast_head":"\nCabinet is getting its three-year priorities in order - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/02\/17\/cabinet-is-getting-its-three-year-priorities-in-order\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet is getting its three-year priorities in order\" \/>\n<meta property=\"og:description\" content=\"A three-year state budget and fiscal policy priority framework will be on the House of Representatives\u2019 agenda when cabinet submits the FY2021-2022 state budget at the end of March, Prime Minister Moustafa Madbouly said at a meeting with parliamentary committee heads yesterday, Al Mal reports. 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The government sees the economy growing at a 5.5% clip in the coming fiscal year, according to\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/309.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":631886,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/29\/pm-receives-fy2018-19-budget-for-review-before-shipping-it-off-to-the-house-by-31-march\/","url_meta":{"origin":560147,"position":1},"title":"PM receives FY2018-19 budget for review before shipping it off to the House by 31 March","author":"enterpriseam admin","date":"29 March 2018","format":false,"excerpt":"BUDGET WATCH- New state budget with prime minister, due to House on Saturday: The Finance Ministry handed the state\u2019s FY2018-19 budget over to Prime Minister Sherif Ismail yesterday for review before it\u2019s sent to the House of Representatives on Saturday, 31 March. 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The new act\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/635.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602466,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/28\/cabinet-signs-off-on-egypts-fy2019-20-state-budget\/","url_meta":{"origin":560147,"position":5},"title":"Cabinet signs off on Egypt\u2019s FY2019-20 state budget","author":"enterpriseam admin","date":"28 March 2019","format":false,"excerpt":"CABINET WATCH- Council of Ministers signs off on FY2019-20 state budget: Cabinet approved yesterday the draft FY2019-20 state budget, Prime Minister Moustafa Madbouly, Finance Minister Mohamed Maait, and Planning Minister Hala El Said told reporters yesterday, according to Al Masry Al Youm. 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