PM: Egypt priorities social protection amid global crisis
Prime Minister Mostafa Madbouly announced that securing new financial resources for social protection programs remains the Egyptian government’s top priority over the next three years, despite unprecedented global economic challenges. Speaking at the “Egypt 2026 Forum” during a session on market regulation and effective social safety nets, Madbouly explained that structural economic reforms…
Egypt's Prime Minister Mostafa Madbouly declared that safeguarding social protection programs will be the country's top priority for the next three years, despite facing significant global economic challenges. During the "Egypt 2026 Forum," Madbouly emphasized that structural economic reforms will address long-standing issues while protecting vulnerable social groups from financial hardship.
He highlighted the "Takaful and Karama" program, which has benefited 8.2 million families since its launch, currently supporting 4.7 million families with a plan to adapt to economic changes. Madbouly assured that the government would not reduce funding or beneficiaries, currently comprising nearly 60 percent of Egyptian households, instead offering flexible cash allocations for essential goods that account for inflation.
The budget for food and bread subsidies has risen from LE32.8 billion in 2013-2014 to LE178 billion this year. Healthcare and education budgets have also seen a 30 percent and 20 percent increase year-over-year, respectively, as the government seeks to expand fiscal space for a nationwide rollout of comprehensive health insurance.
Written by urgent.news from Egypt Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
