President El-Sisi Envisions a Stronger Economic Future for Egypt with New Budget Plans
Today, in a move aimed at strengthening Egypt’s financial landscape, President Abdel Fattah El-Sisi convened a significant meeting with Prime Minister Dr. Mostafa Madbouly and Finance Minister Ahmed Kouchouk. This gathering focused on the financial performance indicators of the state and laid the groundwork for the upcoming fiscal budget for 2025-2026, according to a statement from Ambassador Mohamed El-Shennawy, Spokesman for the Presidency.
One of the standout features of the proposed budget is a notable increase in funding for social protection programs, namely “Takaful” and “Karama.” These initiatives serve as vital lifelines for many citizens, providing support to low-income families. Furthermore, the new budget retains sufficient resources to bolster the recently announced social protection package. This commitment not only emphasizes the nation’s dedication to uplifting its citizens but also aligns with a broader strategy to enhance human development. As outlined in the President’s vision, there will be a substantial allocation toward initiatives aimed at developing Egypt’s human capital, ensuring that all citizens can enjoy improved services and care.
In addition to enhancing social programs, the meeting also prioritized the importance of financial discipline within the government. Discussions included strategies aimed at reducing public debt and achieving an increased primary surplus rate. With the country nearing the completion of its medium-term debt reduction strategy, President El-Sisi urged all parties to continue efforts to control inflation and enhance productivity. The emphasis on these areas reflects the government’s commitment to driving sustainable economic growth, ultimately benefiting all Egyptians.
El-Sisi’s proactive approach underscores a robust vision for the future of Egypt’s economy, one characterized by resilience and inclusivity. As the presidency works toward these goals, the people of Egypt can look forward to enhanced social support and a focus on sustainable growth.
This call for unity and ambition illustrates the transformative path Egypt is charting, aiming for a kinder economy that reflects the needs of its people. As the country moves forward, there is a palpable sense of hope and anticipation regarding future developments.
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