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Madbouly: Subsidies Target the Deserving
The Egyptian government, led by Dr. Mostafa Madbouly, has focused on efforts to strengthen regional stability through mediation between the United States and Iran, supporting development in Africa, and rejecting attacks on Gulf countries. It also continues to monitor the improvement of the national economy, with remittances from Egyptians abroad amounting to approximately $34.9 billion over nine months, and a 29% increase in tax revenues. Significant budgets have been allocated to improve the health, education, and industrial sectors, along with reform measures aimed at restructuring economic entities and exploiting state assets. The initiatives also highlighted efforts to enhance the capabilities of the Suez Canal Economic Zone and investments in sectors such as pharmaceuticals and renewable energy, with an emphasis on addressing summer challenges related to energy consumption and fuel prices.
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