The government is trying to shrink state budget deficit from 14 percent to 8 percent in the coming three years, the finance minister said.
In statements on the fringe of a conference organized by the Beltone Financial Holding under the theme of Egypt on the right track, Ahmed Galal said the government implements an economic incentive package.
Forty international investment funds take part in the event.
The government has spent 18 billion EGP within the framework of the first economic incentive package standing at 29 billion EGP.
There is also another economic incentive plan at 30 billion EGP, he said, noting that ordinary people will feel the impact of such plans by the end of the first quarter of 2014.
He also added that the government also seeks decreasing the debt from 92 percent to 80 percent within the coming three years.
He noted that talks are underway with some Gulf states on extending assistance to Egypt, citing the previous 12-billion-dollar aid extended over the past period.