Egypt Increases Social Protection Budget by 49% to EGP 529.7 Billion ...Egypt

Egyptian Minister of Finance Mohamed MaaitPhoto credit: Amwal Al Ghad Egyptian President Abdel Fattah Al-Sisi announced a 48.8 percent increase to Egypt’s social protection budget, from EGP 358.4 billion (USD 11.6 billion) to EGP 529.7 billion (USD 17 billion). The announcement, made on Sunday 23 April, aims to ease the burden on citizens caused by global inflation and expand the social protection network for vulnerable groups and struggling families in Egypt. According to the Egyptian Ministry of Finance, EGP 127.7 billion (USD 4 billion) will be allocated to subsidize food commodities, marking a 41.9 percent increase. Meanwhile, EGP 119.4 billion (USD 3.8 billion) will be allocated to subs

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