Egypt allocates LE 1 bln to subsidize food commodities, bread for 71 million citizens – Egypt Today

Egypt allocates LE 1 bln to subsidize food commodities, bread for 71 million citizens – Egypt Today

CAIRO - 10 August 2022: The Egyptian government allocated L.E. 1 billion to subsidize food commodities and bread to ensure their availability for about 71 million citizens, according to the financial statement of the new budget for the year 2022/2023 submitted to the House of Representatives.

The statement further stated allocating: 22 billion pounds were allocated by the government to increase beneficiaries of "solidarity, dignity and social security" for four million families; L.E. 3.5 billion to connect natural gas to about 1.2 million housing units; L.E. 7.8 billion pounds to finance social housing initiatives; L.E. 10.9 billion for health insurance and treatment at the state’s expense, with the gradual expansion of the comprehensive health insurance system in the governorates, and L.E. 18.5 billion for medicines and medical supplies.

The statement pointed to the continued support for the “100 million health" initiatives to eliminate the Hepatitis C and waiting lists, raising the efficiency of hospitals, and launching the presidential initiative to increase intensive care beds and nurseries.

According to the financial statement of the new budget for the year 2022/2023 submitted by the government to the House of Representatives, L.E. 191 billion pounds have been allocated to pension funds.

The financial statement indicated that the