Page 12 - EGYPT - En Vol.4 HD

E gypt
Snapshot of E gypt 10
The National Structural Reform Program aims to improve
macroeconomic indicators by FY2023/2024, as follows: Economic Growth Rate:

Increasing the annual economic growth rate of FY2019/20
from 3.6% to a rate ranging from 6% to 7% by FY2023/24; Throughout the years of its first
phase, yields of the Economic
Increasing contribution of the manufacturing sector in Reform Program have helped
GDP to be 15%;
withstand the negative
Increasing contribution of the agricultural sector in GDP to repercussions of COVID-19 crisis, as
be 12%;
Egypt achieved positive economic

growth.
Increasing contribution of the ICT sector in GDP to be 5%;

By comparing Egypt’s economic
Increasing contribution of high technological components growth rates to those of regional
in total industrial exports to be 7%; and emerging countries in 2021
and 2022, it is obvious that Egypt
achieved high positive growth
Lowering the budget deficit to 5% of GDP; rates during FY2022/2023 and
FY2021/2022 amounting to 4.2%,
and 6.6%, respectively, compared
to regional and emerging countries
that recorded either negative or
lower rates.