Political Economy of State finance in Egypt

  • Egypt relies on Gulf aid for economy: Then What? (http://www.egyptindependent.com/news/egypt-relies-gulf-aid-economy-then-what)
    “Supported by the Gulf aid pledges, the government announced a LE22.3 billion ($3.2 billion) stimulus package in August. It later increased it by a third to LE29.6 billion and plans yet another LE24 billion package early next year.

    But the government has not spelled out details of any other long-term plans to strengthen the economy. The interim government has raised the public sector minimum wage and pensions, and the central bank has lowered its key interest rates by a full percentage point since August to encourage growth. In addition, the government has said it would focus on a series of labor-intensive infrastructure projects and unfinished public projects designed to quickly improve living standards of Egypt’s 85 million citizens.”

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About angelajoya

Assistant Professor, Middle East Political Economy, at the University of Oregon. Currently writing on the Egyptian revolution and the Syrian crisis.
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