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President Abdel-Fattah al-Sisi has portrayed himself as a figure who could bring not only political but also economic stability. His government periodically outlines broad economic plans, most recently the 2016-17 budget put forth by Prime Minister Sherif Ismail in March, which set three priorities of closing down the fiscal deficit, increasing investments, and engaging in more efficient welfare spending. However, while these priorities constitute a part of an economic plan, they do not form a vision for the economy, particularly given that the 2011 revolution was based largely on the deteriorating state of its middle and lower economic classes. Grand projects and investment conferences would in theory lure funding to jumpstart the economy and solve the government's insolvency. For a country with a high import bill (Egypt is the world's largest wheat importer) this contributes to Egypt's highest levels of inflation in the past seven years, from 8.2 percent in May 2014 to 10.9 percent in April 2016 .
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