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The Egyptian government has approved spending-rationalization measures, including cutting electricity consumption at government offices by at least 20% and fuel use by government vehicles by at least 30%. Foreign travel will be limited to cases of utmost necessity, or paid for by the inviting entity, and will require the prime minister’s approval. The government has also decided to postpone or slow down fuel-intensive national projects for three months, ban training programs, reduce spending on advertising, parties and ceremonies, and refrain from entering into contracts for work requiring foreign currency. The measures aim to create fiscal space to address potential regional repercussions. The government stressed that funding for health, education and services provided to citizens would not be affected.
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