Egypt's interim cabinet will approve a plan to stimulate the economy over the next nine months that will include support for tourism, according to reports.
The al-Ahram newspaper quoted planning minister Ashraf al-Arabi as saying the stimulus plan involves providing additional investments of at least EGP10 billion Egyptian pounds (USD$1.4 billion).
The government has said it plans to avoid raising taxes or cutting spending to reduce the country's mushrooming budget deficit, and instead will use aid pledged by Gulf Arab states to spur growth.
After Islamist President Mohamed Mursi was deposed by the army last month, Saudi Arabia, Kuwait and the United Arab Emirates promised Egypt a total of USD$12 billion in loans, grants and fuel shipments. Of that, USD$5 billion has already arrived.