Egypt targets 4%-5.8% growth in 3 yearsStaff writer ▼ | July 4, 2014
Minister Qadri asserted that the national economy would witness a boom within the coming three years' time. He added that the economic growth in Egypt does not cope with the level required for facing the ballooning unemployment.
On the other hand, customs revenues in the FY 2014-2015 are expected to hit LE20.694 billion with a growth rate of 20% and a decline ratio of 4% over the previous year, the finance ministry announced on Wednesday 2/7/2014.
The financial statement of Egypt's draft general budget said that the revenues were sharply affected by the deteriorating economic situation and pressures on foreign exchange markets. ■