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Thursday, 28 March 2019

Cabinet approves draft budget, gov’t to launch campaign to protect consumers

Cabinet approved yesterday a draft of the state’s FY2019-20 budget, putting GDP growth at 6% by June 2020 and the budget deficit at 7.2%, down from its current 8.4%, Al Hayah Al Youm’s Khaled Abu Bakr highlighted (watch, runtime: 01:40). The new budget allocates EGP 3.9 bn for public housing initiatives and plans to increase the salaries of civil servants, Cabinet Spokesman Nader Saad said (watch, runtime: 08:09). We have a detailed rundown of the cabinet meeting, including key budget highlights, in this morning’s Speed Round, below.

Expect the government to launch a nationwide campaign today aimed at protecting consumers, Yahduth Fi Misr’s Sherif Amer said (watch, runtime: 01:02). Consumer Protection Agency boss Rady Abdel Moeti said that as part of the initiative, 15 cars will drive around Cairo and Giza to collect complaints from consumers (watch, runtime: 03:08).

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