Tripoli: UN Envoy, Abdoulaye Bathily, said that President of the Presidential Council, Mohamed Al-Menfi, informed him the outcomes of the Cairo’s meeting with Speaker of House of Representatives ,Ageela Saleh, and Head of High Council of State Mohammad Takala.
This came during Al-Menfi’s reception to Bathily, according to a tweet by Bathily.
‘I expressed my gratitude to Al-Menfi and took note of the official statement produced at the end of the meeting, and we agreed to follow up on the conclusions of the meeting,’ he added.
Last Sunday, the League of Arab States announced the outcomes of the Cairo meeting, noting ‘agreement on the need of forming a unified government that will lead the holding of Libyan elections and provide the necessary services to the citizen,’ as well as agreement on ‘Libya’s sovereignty, territorial integrity, and the rejection of any foreign interference in its affairs.’
Source: Libyan News Agency
Finance Minister Mohamed Maeet said on Tuesday 12/3/2024 that initiatives that support economic activities add to the cost of financing, interest rates and prices of commodities and services.
The initiatives will continue despite pressures on the budget, the minister noted.
He was speaking during a debate on the new draft budget with representatives of the Federation of Egyptian Industries (FEI), the Egyptian Businessmen’s Association, the Egyptian African Businessmen’s Association and the Federation of Egyptian Chambers of Commerce.
The economic landscape in Egypt is improving, Maeet said, expecting the coming stage to be better.
The Finance Ministry is looking forward to comprehensive and integrated measures that would effectively contribute to restoring the economic activities and pushing forward agricultural and industrial production, as well as exports, the minister said.
The new budget is ‘exceptional’ and aims at achieving an initial surplus amounting to 3.5 per cent of the Gross Domestic Product
(GDP), Maeet said.
He put the value of public revenues at about 2.5 trillion pounds, while public expenditures amount to about 3.8 trillion pounds.
The government is keen on having stable tax policies that would lead to economic recovery and stability, Maeet noted.
Source: State Information Service Egypt