Egypt allocates LE 76B to protect lower-income citizens

CAIRO – 9 July 2017: Egypt’s government has allocated LE 76 billion ($4.2 billion) as social protection package to lessen the intensity of the economic reforms’ impact on lower-income citizens, said Minister of Social Solidarity Ghada Wali Saturday.

The government allocations come within the new budget 2017/2018, which began on July 1, 2017. The allocation of these funds aims to reduce the inflationary effects of the economic reform program on the Egyptians.

Wali added in an interview with Al-Nahar TV that the current economic situation requires hard work and confidence in the state institutions.

"We should trust in the capabilities of this nation, and respect the law and the Constitution."

She stressed that all the countries that have experienced similar economic, political and social conditions have relied on hard work, confidence in state authorities, justice and law enforcement.