PM speech on market regulation and social protection
Prime Minister Mustafa Madbouly confirmed that the Egyptian government continues implementing social protection programs, such as "Takaful and Karama," which have benefited approximately 8.2 million households, and currently target 4.7 million households. He also pointed out that the subsidized food support system currently covers about 60% of families, with assessments of their needs to ensure that support reaches eligible recipients. The value of support has increased from 32.8 billion Egyptian pounds in 2013-2014 to around 178 billion pounds in 2023. The government aims to increase funding and improve the quality of basic services like health and education. It is also working on developing housing programs by offering units through both rental and ownership schemes, with the goal of reducing informal settlements and meeting the needs of different segments of society. Additionally, presidential directives continue to guide the launch of various housing programs in the coming years to support social protection and expand access to adequate housing facilities.
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