CAIRO – The Egyptian economy has proven its ability to face challenges with unprecedented flexibility; as it achieved a primary surplus of 1.46 per cent of the gross domestic product (GDP) in the 2020/2021 fiscal year, the Cabinet’s Information and Decision Support Center (IDSC) said.
In an infographic, the center said expenditure on public investments jumped 30 percent, registering EGP 249.4 billion in FY 2020/2021.
Meanwhile, public spending on salaries and compensation for employees rose 10.4 per cent.
Expenditure on the education sector was also up nearly 9.3 per cent.
In addition, an increase of about 3.2 percent was seen in public spending on subsidized commodities.
The IDSC noted that expenditure on the health sector surged 22.8 per cent.
