Medbouli: Health up 30%, Education 20%

The new budget in Egypt has focused on boosting spending on essential services, with allocations to the health sector increasing by 30% and the education sector by 20%. The budget also includes social protection allocations amounting to 837 billion Egyptian pounds to support vulnerable groups and expand social support programs. Prime Minister Mostafa Madbouly announced that the government aims to reduce public debt to 78% of GDP and to cut the debt servicing bill to 35% of expenditures during the upcoming fiscal year, in an effort to ensure fiscal sustainability and achieve economic reform.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article