[2] Saeed was criticized by the Freedom and Justice Party (FJP) of the Muslim Brotherhood, who claimed that he delayed presenting the budget to the Egyptian parliament by two months deliberately.
Egypt's economy faces a balance of payments crisis, and is also being further undermined due to high state borrowing costs.
[7] On 13 August 2012, Saeed announced that Qatar was expected to deposit $500 million in the Egyptian central bank to help alleviate Egypt's economic crisis.
[7] On 22 August 2012, it was reported that following a meeting with Managing Director Christine Lagarde of the International Monetary Fund, Saeed denied rumors pertaining to an imminent devaluation of the Egyptian pound.
[8] Saeed also added that the IMF would not interfere with the Egyptian government’s new reform policies, and that the loan is an indication that Egypt's economy is heading forward, and it should encourage foreign investment.