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Article: News in brief.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- January 15, 2009
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Egypt may decrease stimulus package
The Egyptian government may decrease the LE 15 billon economic stimulus package announced recently due to shortages in resources and a growing budget deficit, reported Al-Masry Al-Youm.
Egypt recently announced a LE 15 billion package ($2.73 billion) for the 2008/09 fiscal year ending June 2009 and just last week, Trade and Industry Minister Rachid Mohamed Rachid said Egypt may announce additional stimulus measures after it re-evaluates its economic situation in April.
Stemming dumping, smuggling practices
Minister of Trade and Industry Rachid Mohamed Rachid promised that the government would take ...