President Sisi's new economic policies to be implemented in FY2020/2021

Egypt’s Minister of Finance Mohamed Maait has announced that the FY2020/2021 state budget includes procedures that aim to improve the financial position of employees at state bodies as part of income reforms that Egypt has adopted.

Maait's comments came in a press conference held on Sunday to expound on the economic decrees President Abdel-Fattah El-Sisi announced late on Saturday.

Maait clarified that all procedures that the president has instructed to be undertaken on Saturday will be implemented as of FY2020/2021.