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Social Insurance Authority reports fiscal pension costs and revenues

Social Insurance Authority reports fiscal pension costs and revenues

A report on the performance of the Social Insurance Authority in Egypt indicates that Major General Jamal Awwad pointed out that the authority's work goes beyond just disbursing pensions; it also manages data for 9.5 million retirees and 13.8 million insured individuals, totaling 25 million families. The authority's expenditures in the last fiscal year amounted to 550 billion Egyptian pounds, while its revenues reached 689.8 billion pounds. All expenditures are reviewed by regulatory bodies, including the Central Auditing Organization and the Ministry of Finance. The authority employs 18,500 staff members and operates through 591 offices across the country to serve beneficiaries.

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