Country's prime minister also played down concerns again over the health of President Hosni Mubarak, without making it clear whether the 82-year-old head of state will run in a presidential election next year.
Investors have been attracted by Egypt's resilient economic expansion in the global downturn, with growth bottoming out just below 5 percent.
But they are wary ahead of the 2011 election which could bring an end to Mubarak's three decades in power and say a bloated bureaucracy and a lack of investment in transport infrastructure and skills are restraining the economy.
Addressing a business conference, Egypt's Finance Minister Youssef Boutros-Ghali said he saw the country's economy growing 6 percent in the financial year ending in June 2011.
Following the speech, he told reporters that growth "would be 6 percent or above". The economy grew by 5.2 percent in 2009-10 and 4.7 percent in 2008/09.
Boutros-Ghali also forecast a budget deficit of 7.9 percent of gross domestic product (GDP) in the fiscal year to June 2011. That compares to 8.3 percent in the previous 12 months.
Prime Minister Ahmed Nazif told Al-Mal newspaper that Egypt did not need a new economic stimulus package "as the economic indicators show that the Egyptian economy is advancing by firm steps from one quarter to another". He confirmed an earlier government forecast for 6 percent economic growth in 2010-11 and said the July-to-September quarter would show growth of up to 6 percent.
Business-friendly reforms have bolstered Egypt's economy through the global economic downturn.
But spending on its roads, rail network and ports has failed to keep pace with fast population growth, dampening its economic prospects and inflating prices of food and other basic goods.
Analysts say the government needs to move fast to close a skills gap that is hampering business in the country, while small and mid-sized companies are held back by red tape.
Boutros-Ghali said he hoped Egypt would attract $9 billion of foreign direct investment this year, above last fiscal year's $6.8 billion but below a government forecast in May of $10 billion.
"People will sit back and wait for a while on some investments," said Angus Blair, head of research at Beltone Financial. "I am seeing some signs of hesitation, and that is not very good news for economic growth."
Responding to investor concerns about the president's health, a subject of speculation since he underwent gall bladder surgery in March, Nazif said Mubarak's foreign trips and other appearances served to "silence rumors about his health."
If the president decided not to run, he said the ruling party, which dominates this Parliament and is once again expected to sweep a Parliament vote in November, would be “able to introduce a strong candidate in the upcoming elections.”
