29 billion pounds in the next budget: Madbouly government of Egypt continues the plan to support exporters

With the aim of reaching Egyptian exports to $ 100 billion within the next few years, the government continues actual steps to launch a plan to increase Egyptian exports, at a time when Egypt's exports reached about $ 25.2 billion last year, which needs to double exports 4 times. The draft budget for the next fiscal year reveals that the Ministry of Finance bears 6 billion pounds during the next fiscal year, in the form of installments that will be paid to banks in exchange for the obligations of the monetary payment initiative for the arrears of exporters, and it is expected that the volume of cash payment to exporters will reach about 21-23 billion pounds through this initiative. During the current fiscal year. The budget also includes the adoption of additional allocations to finance support programs and reimbursement of burdens to exporters to allow the payment of dues to exporters to the Export Development Fund, including the financing required for the first year of the ...