Tax revenue has been reduced from 24% to 8.6%, Finance Minister Ali Sabri told parliament.
He said making a statement in Parliament regarding the economic situation in the country that he did not think the current crisis would be resolved in two years, and It is up to the politicians to decide whether it will take 5 or 10 years or the crisis would be resolved in two years.
He also points out that although it is imperative to find investors at the moment, investors do not come due to the status quo.
“I personally believe I’m doing the job of a Night Watchman. In test ricket, when a wicket falls down at the evening session, someone from the back line comes to protect the front and tries to save the wicket. I am currently doing that. I am not an economist. I do what I can with all the energy and power I have. If there are economists, come forward and accept this, we will give the position. “
“China said they did not want us to go to the IMF. But I talked to them for an hour and a half recently. They then assured us of their full support in our discussion at the IMF. That is a great victory for us, ”he said.
“What has happened so far is that a budget written by a secretary to the treasury is being read in the parliament. Parliament should be given more financial power. Whoever the finance minister is, a separate unit should be set up to advise the minister on the economy,” he said.
