Egypt can add EGP 200 billion to the outcome of the fiscal year, if it officially let employees work on Saturday, said Dr Salah Gouda, an Economist, and Economic Advisor at the European Commission.
Gouda told “Amwal Al Ghad” that the government’s policies are random, as it only seeks collecting money through imposing taxes and bearing the citizens tax burdens that are not compatible with their incomes.
The Economist has underscored the necessity of raising the wages rates before imposing any new taxes; slamming the government’s policies and taking decisions without consulting economic experts. He confirmed that Egypt can achieve growth rates, increase the State’s General Budget, and decrease the expenses without getting loans.
Gouda has criticized the purposes by which the Egyptian government and the businessmen are seeking to get the loan of the International Monetary Fund (IMF); spelling out that Egypt can do without these loans, and it can resort to restructuring the State’s resources and utilizing the neglected wealth, besides rationing the consumption and eliminating corruption.
Egypt accurately agrees on the conditions of the IMF, which has called for devaluing the pound, decreasing the expenses and subsidy on energy, Gouda said.
