Egypt aims at reducing unemployment rate to 9.3 %

Published August 16th, 2004 - 02:00 GMT
Al Bawaba
Al Bawaba

The Egyptian government is currently giving the final touches to its program before presenting it to President Hosni Mubarak early next September.  

 

The program includes many socio-economic goals in the fiscal year 2004/2005, including raising the citizens' standard of living, providing new 650,000 job opportunities to the labour market in an attempt to reduce the unemployment rate from 9.9 to 9.3 %, cutting the rate of illiteracy from 27.8 to 23% and population rate of growth from 1.96 to 1.90%.  

 

Additionally, the program aims at increasing the GDP to about L.E. 500 billion.

© 2004 Mena Report (www.menareport.com)

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