Egypt's PM wants to boost private sector investments

CAIRO, May 15 (Arab News): Egyptian Prime Minister Moustafa Madbouly said on Sunday he wanted the private sector to account for 65 per cent of all investements in the country within three years, up from around 30 per cent at present.
He also said in a press conference that the government aims to decrease total debt to 75 per cent of gross domestic product in the next four years from 86 per cent currently, and the budget deficit to 5 per cent from 6.2 per cent.
Madbouly said that the country aims to achieve a primary surplus of about 1.5 per cent in the current fiscal year that ends in June 2022, which would rise to 2 per cent of GDP over the next four years.
PM Madbouly added in the televised conference that Egypt has strategic reserves of wheat sufficient to cover its needs for four months.