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المصري اليوم
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Economists: Hosting foreigners costs billions yearly
Economics experts have confirmed that Egypt's hosting of more than 10.5 million foreigners, migrants, and refugees imposes a financial burden estimated between $5 billion and $15 billion annually on the budget, due to costs related to basic services, infrastructure, security, healthcare, and education. The European Union grant of 600 million euros allocated to support Egypt in the migration file has been estimated to be insufficient to cover the total expenses borne by the country, which include all services provided to residents on Egyptian territory. The experts pointed out that the presence of millions of newcomers puts pressure on the housing market, goods, and services, but also contributes to attracting investments and stimulating sectors such as trade and services.
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