CAIRO – The Egyptian cabinet under Moustafa Madbouli agreed to rationalize public spending in a bid to combat the repercussions of the current economic crisis.
The decision will be applicable to all entities included in the state’s 2023/2024 general budget such as administrative apparatus, local administration, public service authorities, and public economic authorities.
The decision is effective until the end of the fiscal year (FY) 2023/2024.
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