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بوابة الفجر
Mostafa Bakry Urges Self-Control Amid Crisis
Political analyst Mustafa Bakkary stated that Egypt's overall economic situation is not alarming. However, he pointed out that citizens are lacking a sense of improvement in their daily lives due to the heavy burden of living costs, especially the rising electricity bills, which can reach 2,500 Egyptian pounds for pensioners with a pension of 4,000 pounds. He explained that Egypt has succeeded in implementing national projects and rebuilding state institutions, but the coming phase requires a new social contract focused on reducing poverty rates, improving employment opportunities, and boosting economic growth. He also called for a halt to price hikes and the launch of initiatives to support families, emphasizing the need to secure foreign currency for the petroleum, electricity, and pharmaceutical sectors. Additionally, he stressed the importance of supporting families through direct assistance rather than cash payments, mentioning an initial pilot in a small governorate to measure satisfaction before expanding the approach.
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