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10 Information about the National Structural Reform Program


The National Structural Reform Program aims to increase the relative weight of 3 sectors in the productive structure of the Egyptian economy, which are “manufacturing industries, agriculture, communications and information technology.”

 

1- The target is for the three productive sectors to reach the GDP for the year 2023/2024 to range between 30% and 35%.

2- Raising the economic growth rate to range between 6% and 7% in 2023/2024

3- Converting the balance of payments from a deficit to a surplus, to achieve a surplus ranging between 3 and 5 billion dollars.

4- Reducing the public budget debt as a percentage of GDP to reach 84.5% in 2023/2024, compared to 87.5% in 2019/2020

5- Increasing the primary surplus as a percentage of GDP to reach 2% in 2023/2024, compared to 1.8% in 2019/2020.

6- Reducing the overall deficit as a percentage of GDP to reach 5.5% in 2023/2024, compared to 8% in 2019/2020.

7- Increasing the agricultural sector’s share of total exports to reach 25% in 2024 instead of 17% in 2020

8- Egypt’s ranking improved in the Global Food Security Index to rank 50 in 2024 instead of 60 in 2020

9- Providing 430 to 530 thousand new job opportunities and improving the incomes of small farmers by 2024.

10 - Not to burden the citizen with any new burdens

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