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Planning: the structural reform aims to increase the agricultural sector exports from the total exports to 25%


Nada Masoud, Advisor to the Minister of Planning and Economic Development, said that the National Structural Reform Program aims to increase the relative weight of 3 sectors in the productive structure of the Egyptian economy, which are "manufacturing industries, agriculture, communications and information technology", so that we reach the levels of targeted contribution of the three productive sectors to the GDP. The total for the year 2023/2024 to range between 30% and 35%, and to raise the economic growth rate to range between 6% and 7% in 2023/2024, in addition to shifting the balance of payments from a deficit to a surplus, to achieve a surplus ranging between 3 and 5 billion dollars.


Masoud revealed to "The Seventh Day" that the structural reform aims to reduce the debt of the public budget agencies as a percentage of the GDP to record 84.5% in 2023/2024, compared to 87.5% in 2019/2020, in addition to increasing the first surplus as a percentage of GDP to record 2% in the year 2023/2024 compared to 1.8% in 2019/2020.


The advisor to the Minister of Planning added that one of the objectives of the structural reforms program is to reduce the total deficit as a percentage of GDP to reach 5.5% in 2023/2024, compared to 8% in 2019/2020.


It is also targeted to increase the agricultural sector’s share of total exports to reach 25% in 2024 instead of 17% in 2020, as well as an improvement in Egypt’s ranking in the global food security index to rank 50 in 2024 instead of 60 in 2020, and it is also targeted Create 430-530 thousand new jobs and improve the incomes of small farmers by 2024.


Masoud stressed that the national structural reforms program is consistent with Egypt's Vision 2030 and the United Nations sustainable development goals, without burdening the citizen with any new burdens, provided that the program is implemented during the next 3 years.

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