Egypt's New Finance Minister Plans Stimulus, Not Austerity

Egypt interim government will seek to avoid major austerity measures and instead work to stimulate the economy by improving security and pumping in new funds, the new finance minister, Ahmed Galal, said on Thursday.
The government, sworn in last week after the military ousted Islamist president Mohamed Morsi, inherits a budget deficit that since January has been running at around $3.2 billion a month, equivalent to almost half of all state spending.
It has been armed with $12 …

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