We aim for the highest primary surplus of 2.5% of GDP to deal strongly and quickly with global challenges. He also pointed out that allocations for support and social protection have been increased to ease the burdens on citizens. EGP 127.7bn have been allocated to support food commodities, EGP 14.1bn for health insurance, medicines and treatment for individuals who are financially unable to pay for medical services, EGP 10.2bn to support social housing, EGP 28bn to support development, and EGP 202bn public treasury contributions to pension funds at an annual growth rate of 6%. Maait said that the public treasury bears EGP 127bn interest rate difference for the initiative to provide financing to support agricultural, industrial, and tourist activities. He also explained that EGP 470bn were allocated for wages to improve the conditions of state employees.

Source: Daily News Egypt May 10, 2023 09:26 UTC