Hommam Al Nassim 
Egypt’s government plans to borrow a huge amount in the new fiscal year 2024-2025, amounting to about two trillion, 849 billion and 200 million pounds ($59.11 billion).
This borrowing represents an increase of 33.1% compared to the previous year, and covers financing needs to cover the general budget deficit and repay local and foreign loans according to the specified dates, according to the analytical statement of the draft new state budget.
It is estimated that the expected uses of this borrowing include expenses, acquisition of financial assets and loan repayment of approximately 5 trillion, 541 billion and 400 million pounds (approximately $ 114.96 billion).
This huge increase in borrowing reflects the significant financial challenges facing the Egyptian government, as Egypt’s external debt has risen significantly in recent years, increasing from $45.2 billion in 2014 to $168.04 billion by the end of last year, representing an increase of 271%.
The allocations for the health sector amounted to EGP 200 billion and 146 million, instead of EGP 147 billion and 864 million, while the allocations for the education sector amounted to about EGP 294 billion and 643 million, instead of EGP 229 billion and 891 million.
Thus, the government has violated the provisions of Articles 18, 19, 21, and 23 of the Egyptian Constitution, regarding the state’s obligation to allocate a percentage of government expenditure of at least 3% of the gross national product to the health sector, 4% to education, 2% to higher education, and 1% to scientific research.
Conclusion of the International Libya Conference on Industry and Technology in Tripoli