Egypt to slow down some state projects for two months amid Iran war, prime minister says

March 28 (Reuters) - Egyptian Prime Minister Mostafa Madbouly said on Saturday the government would slow down large state projects involving high fuel and diesel consumption for two months to rationalizes consumption.

The move is part of broader measures to cope with the economic fallout from the Iran war, which has driven up energy costs and strained public finances.

Egypt’s debt servicing costs are set to rise by 5% in the next fiscal year, finance minister Ahmed Kouchouk said.