Egypt budgets $2.1 BN to finance agriculture
Written by MaryGift Sunday on June 23, 2020
The Egyptian government said it plans to invest 34 billion Egyptian pounds ( about $2.1 billion) to finance agriculture in the 2020 / 21 financial year.
Planning minister, Hala El Saeed, said more attention will be given to water and irrigation.
The government is targeting increased productivity in agriculture by 14.5% in the next fiscal year.
The Egyptian agriculture sector’s contribution to GDP is expected to expand by more than 15%.
In the same way, agriculture exports are projected to rise by 10%…bringing in $2.7 billion yo the government.
Egypt practices labour intensive agriculture which provides jobs for many rural dwellers while feeding industries with raw materials.