Egypt's Minister of Finance, Ahmed Kojuk, has stated that the development of local resources in provinces will be a key focus area in the country's upcoming budget. This move aims to promote economic growth and improve the quality of services provided to citizens. During a discussion session on development efforts in Aswan, Kojuk emphasized the importance of redirecting local resources towards impactful development projects.
The Minister highlighted the need for more targeted initiatives to enhance the quality of services and enable economic empowerment. He stressed that the Ministry of Finance will support all government agencies to ensure improved services and economic opportunities. The ministry is committed to promoting development and economic empowerment through its spending, with a focus on healthcare, education, and protecting vulnerable groups.
Aswan Governor, Eng. Amr Lashin, noted that the province has promising economic sectors and is working to stimulate investment and develop local industries. The governor emphasized the importance of leveraging the region's competitive advantages to increase revenues. This approach is expected to contribute to the country's overall economic growth and development.
Dr. Hania Shalqam, Minister's advisor for economic justice policies, stated that development and social protection are interconnected concepts that aim to improve all aspects of life. She emphasized the need for more targeted programs and initiatives, particularly in areas with the greatest need. This approach will enable more effective allocation of resources and better outcomes.
Representative of the United Nations Development Programme (UNDP) in Egypt, Chitosi Nwoguchi, highlighted the importance of integrating local priorities with funding sources. This alignment will enable optimal resource allocation and more effective spending that addresses specific needs. The UNDP is working with the Egyptian government to support development efforts and promote sustainable growth.
The discussion session in Aswan brought together various stakeholders to explore ways to enhance development efforts in the region. The participants emphasized the need for a collaborative approach to address the challenges facing the province and promote economic growth. The Egyptian government is committed to working with all stakeholders to achieve its development goals.
The new budget is expected to reflect the government's priorities for development and economic growth. The focus on local resource development and targeted initiatives is likely to have a positive impact on the lives of Egyptian citizens. The government's efforts to promote economic empowerment and improve services will be crucial in achieving its development objectives.
Key points
- Developing local resources in provinces will be a top priority in Egypt's new budget.
- The government aims to promote economic growth and improve the quality of services provided to citizens.
- The Ministry of Finance will support all government agencies to ensure improved services and economic opportunities.
