MP Mohamed Badrawi: Egyptian economic indicators confirm its improvement

Accidents

MP Mohammad Badrawi, a member of the House of Representatives in the Economic Affairs Committee, said that what Yahya Hamed published in the era of the Muslim Brotherhood in the era of the Muslim Brotherhood is a political statement, not an economic one. The information on which he relied is very few and does not have negative results At present.

He pointed out that the indicators of the Egyptian economy at the macroeconomic level improved. There was an improvement in the budget deficit, which fell from 11% to 8% of GDP. Foreign reserves improved from 16 billion dollars in 2016 to 44.5 billion dollars, Alongside the balance of payments. The difference between exports and imports is estimated to have reached a surplus of more than 10 billion and the stability of foreign currency.

He pointed out that the main branches of the economy confirm this strongly, which is the flow of foreign exchange, which depends on 5 axes, which is tourism, which came close to 10 billion after it reached only 5 billion, while the income from the Suez Canal reached 5.6 billion and the target exceeded 6 billion The new year, while the remittances of Egyptians abroad increased to 26 billion after it was less than 20 billion dollars, and we exceeded in the item exports 25 billion after we were less than 20 billion and foreign investments became 7.8 billion dollars, and the total total in these tributaries to approach Of $ 75 billion.

He stressed that our dollar resources have become more than our needs of our imports of goods and services abroad, which made this surplus led to a decline in the dollar. He pointed out that fighting the increase in poverty is part of the plan and policies of the current state and work in the next two years, especially with the application of health insurance Comprehensive education program.

Badrawi said the state would not give up its obligations and premiums. "At the height of our dollar crisis, we will not give up debt repayments every year," Badrawi said.