02/02/2008
Al-Alam Alyom Newspaper 2008/FEBRUARY /02
Egypt’s internal debt has gone well beyond safe limits from 2006 to 2007. Some ascribe this to public overspending, others to extra-labor in the public sector. Some people warn against cutting public subsidies and salaries to face this debt, and instead call for pushing ahead with development to create more job opportunities. ( Available in Arabic – German in PDF )
Egypt’s internal public debt has gone beyond LE 600 billion in 2007, more than LE 40 billion higher than in 2006. Some say the cause is subsidies. Yet, others warn against cutting them and salaries, as prices are climbing and the poor would suffer the most. Others accuse the government of overspending on external experts, extra labor in the public sector and ministers’ needs. Yet, some people play down these accusations or even reject them. While some people think the debt shows that there is active investment movement in the country, others call for pushing ahead with development to create more job opportunities.