The Minister of Social Solidarity, Maya Morsi, announced that the social protection budget for FY2024/2025 has reached EGP 635 billion, aimed at providing housing, subsidized goods, healthcare services, and both in-kind and cash support.
Speaking during the first session of the inaugural International Conference on Management and Innovation in Social Security, the minister emphasized that the conference seeks to enhance institutional awareness about the importance of building more sustainable and efficient social security systems through leadership and institutional innovation.
She highlighted the crucial role of human capital in achieving these objectives.
She also revealed that just a few weeks ago, the Egyptian Parliament approved the full provisions of the new Social Security Law, which ensures fairness and carries a clear social philosophy.
The law guarantees that any individual not covered by a social insurance system has the right to social security, ensuring them a dignified life.
This aligns with the Egyptian Constitution, which mandates social justice through financial support that secures a decent standard of living for individuals and families unable to generate sufficient income.
The new law aims to enhance the social safety net and expand social security coverage, introducing greater flexibility in linking social interventions to economic variables such as wealth distribution, poverty rates, and inflation levels.
The goal is to provide the best possible protection for low-income and impoverished families while safeguarding the rights of vulnerable groups, including persons with disabilities, the elderly, and orphans.
Additionally, the law adopts a conditional support approach, investing in human development and improving key development indicators. It contributes to equal opportunities in local communities and promotes social justice by establishing targeting mechanisms that assess family poverty levels using an eligibility formula.
Furthermore, the law encourages a shift from reliance on financial aid to economic empowerment, supporting families receiving financial assistance in launching income-generating projects.
It also focuses on women’s empowerment, enhancing their economic decision-making, promoting financial inclusion, improving healthcare services, eradicating illiteracy, and enabling greater participation in the labor market—whether through self-employment or working for others.
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