Allocations
Article 18 of the Egyptian Constitution stipulates that the state is committed to allocating a percentage of government spending for health that is not less than 3 percent of the gross domestic product (GDP), gradually increasing until it is in line with international rates.
This comes in the context of expanding the base of beneficiaries of this initiative due to the importance of the tourism sector in supporting the national economy.
The total investments of banks in securities and investments in treasury bills amounted to LE 3.549 trillion at the end of March 2022, compared to LE 3.324 trillion at the end of December 2021.
He explained that the government decided, in light of the rise in international prices, to increase the price of importing local wheat by about LE 670 per ton to ease the burden on farmers.
These allocations represent a vaccine injection into the arm of the world, and if used wisely, it will be a unique opportunity to combat this unprecedented crisis, according to a statement by the Fund.
The IDSC, in a statement Sunday, said it had contacted the Finance Ministry to verify the news.
Maait attributed the increase in subsidies allocations to the payment of all treasury obligations in favor of the Pension Fund, with a value of LE 42.5 billion during the six months, with an annual growth rate of 186 percent.
The government, since the beginning of the "pandemic", has taken immediate measures to support the medical sector.
In addition, a total of LE 3.8 billion has been allocated for establishing and developing technological and private non-profit universities, Ma'it pointed out.
The government aims at delivering natural gas to 1.2 million households, which in turn could contribute to reducing the government's subsidy for butane gas cylinders.
The report revealed that the Egyptian government directed more than LE 1.3 trillion to social protection programs in 5 years.
About 75 percent of "decent life" investments will go to Upper Egyptian governorates, with Assiut receiving the lion's share, which amounts to LE 815.27 million.
Allocations included LE 4 billion for the General Authority for Supply Commodities.
Kojak revealed three programs at the new state budget that aim to maintain social justice.
About LE 10 million were allocated for Ismailia governorate in order to contribute to the completion of the workshops project in the future city.
GSK last week quit the race to buy Pfizer’s consumer healthcare business, endangering an auction the U.S. drugmaker hoped would bring in as much as $20 billion.
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