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#fiscal policy

A combination of soaring commodity and energy prices coupled with an ongoing onslaught of global monetary tightening has added immense pressure on Egypt’s economy. One of the Middle East’s most indebted nations, Egypt, has sought the help of international economic institutions and regional partners to alleviate pressures and instigate rapid economic productivity. However, this ever-increasing dependency on foreign economic assistance has left the country debt-ridden, knee-deep in austerity measures with little signs of enhanced economic growth. According to Timothy Kaldas,…