Sat. Jul 20th, 2024

The Egyptian Minister of Finance, Mohamed Maait, announced the government’s intention to increase spending on the health sector by 25% and the education sector by 45% in the budget for the upcoming fiscal year.

Maait affirmed in a statement that the government will focus on human development over the next six years, starting from the new fiscal year 2024-2025, by enhancing spending on health and education, despite global and regional economic challenges.

Maait stated that allocations for the health sector are expected to be raised to 495.6 billion pounds, compared to 396.9 billion in the current fiscal year, at a growth rate of 24.9%, and allocations for the education sector to 858.3 billion pounds compared to 591 billion in the current fiscal year, at a growth rate of 45%.

Maait pointed out an increase in allocations for scientific research to more than 139.5 billion pounds from 99.6 billion, at a growth rate of 40.1%.

The minister concluded by saying: ‘We continue to work on allocating more resources to spending on health and education during the implementation of the upcoming budgets to develop all elements of the healthcare and educational systems.’

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