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Dr. al-Sayyid al-Safi, a visiting professor at Harvard University, said that the top graduates in the French department had refused appointments as teaching assistants because of low salaries. The offer eventually went to the fourteenth student in a cohort of 30, while the fifth-ranked student in the Arabic department accepted. He attributed the low pay to the university being classified as a service institution rather than a productive one. He said the budget deficit was caused by debt service, which amounts to 5.2 trillion Egyptian pounds: 2.4 trillion in interest and 2.8 trillion in loan repayments. He added that debt service is eight times the combined spending on education and health, and that raising interest rates by one percentage point costs the budget 85 billion pounds. He called for interest rates to be lowered rather than raised.
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