Minister of Economic Development Othman Mohammed Othman said it is expected to , maintain the level of economic growth rate of 7% for the fiscal year 2008/2009 in spite of the economic crises facing the world today.
Meanwhile, the initial indicators of economic performance for the first quarter of the fiscal year 2008/2009 revealed the fulfillment of the growth rate 7% at an average rate of investment is about 55 billion pounds of the total 522 billion pounds targeted investments throughout the year.
The Minister also pointed out that the funding for projects at the second quarter of the fiscal year 2008/2009 for the period from the beginning of October 2008 until the end of December 2008 begins on Monday6/10/2008 after the Eid al-Fitr holidays and the glorious victory of October reiterating the availability of funding for all projects programmed for this quarter.
The Plan focuses on achieving a growth rate of about 7 % annually with the increase in the average rate of real per capita income of 2.5 with increased investment from 12% to 32%, and the provision of 58 thousand new jobs to ensure that the unemployment rate has become less than 9%.
Monday, October 06, 2008. Source: Egypt State of Information
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