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Al-Sisi targets 7% GDP growth, 8% unemployment by FY17/18

Al-Sisi targets 7% GDP growth, 8% unemployment by FY17/18
Presidential candidate Abdel Fattah Al-Sisi’s platform stated that he will target a 7% growth in GDP and a decrease in the unemployment rate to 8% by the fiscal year (FY) 2017/2018 , according to Daily News Egypt. The presidential candidate announced his platform on his official website on Tuesday. The platform has been removed hours after it had been posted on the website. During the first quarter of FY 2013/2014, GDP grew by just 1%. Current interim Minister of Finance Hany Kadry Dimian previously announced that he expected growth during FY 2013/2014 to range between 2% to 2.5%. In March, Minister of Planning Ashraf El-Araby announced that the interim government aims to increase gross domestic product by 3% to 3.4% during the next fiscal year. Discussing the changes in fiscal policies, Al-Sisi’s economic platform stated that budget deficit and public debt should return to “safe levels”. The presidential candidate aims to decrease the budget deficit to 8.5% by FY 2017/2018. The economic electoral platform added that it aims to lower public debt to 74.5% of GDP by FY 2017/2018.