The Egyptian government will propose a stimulus package worth 10 billion Egyptian pounds ($1.8) at the ruling party’s annual conference this month, a government official said on Sunday.
Egypt implemented a stimulus package worth 15 billion Egyptian pounds in 2008/9. A minister said last month the government is considering another package for this financial year worth 8 to 10 billion pounds.
“The government will raise an additional 10 billion pounds to be spent on infrastructural projects such as road building and water treatment to create jobs,” an official with the ministry of economic development said.