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بوابة أخبار اليوم
Parliamentary Budget Member: Debt Interest Uses 30% of Budget
A member of the Planning and Budget Committee in the House of Representatives confirmed that the public budget for the 2026/2027 year has reached 8.1 trillion Egyptian pounds. However, over 29.6% of this amount is allocated to interest payments on debts, amounting to nearly 2.4 trillion pounds, which consumes a significant portion of the resources. He emphasized the decline in public investments and services, noting that their shares of total expenditure decreased from 9.6% in 2022 to 6.8% in 2026, amid a deterioration in healthcare services and infrastructure in villages and governorates. He considered the allocations for improvements to be very weak, especially in the health sector, where only 155 intensive care beds are planned to be established nationwide.
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