Talaat Khalil, Rapporteur of the Public Debt, Budget Deficit and Financial Reform Committee at the National Dialogue, said that the state’s general budget reflects the general policies, pointing out that the committee aims to reach realistic solutions.
The rapporteur’s statement came during the plenary session of the Public Debt and Budget Deficit Committee of the National Dialogue, which discussed the reform of public financial management, the inclusiveness of the budget, the rationalisation of spending and the enhancement of revenues.
He noted that the Public Debt Committee has both political and financial aspects and it hopes to come up with recommendations that can be applied in real life.
“We have a big problem, as we suffer from a budget deficit, which includes operating expenses, as the budget covers only 71 per cent of public expenditures,” he said adding that the session discusses ways to develop solutions to existing problems, in addition to maximising revenues to avoid borrowing,” he said.
Samir Sabry, Rapporteur of the Investment Committee of the National Dialogue, confirmed that President Abdel Fattah El Sisi’s statements regarding the endorsement of the outcomes of the National Dialogue are a strong impetus to strive towards reaching recommendations that would be a major motive to confront the problems of investment and the industrial system.
This came in a joint session between the Industry and Investment Committees of the National Dialogue, which discussed efforts to localise and deepen industry and encourage small and medium industries.
He added that there are challenges that impeding industry and investment; hence the need to agree on certain recommendations that would enable us to face these challenges.
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