Egypt budgets $2.1 BN to finance agriculture

Written by 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.

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