Sisi ratifies law linking state’s general budget for fiscal year 2021/22

Sisi ratifies law linking state’s general budget for fiscal year 2021/22

CAIRO – 4 July 2021: President Abdel Fattah El-Sisi ratified Law No. 74 of 2021 linking the state's general budget for the fiscal year 2021-2022. The first article of the law stipulates that the uses of the state's general budget for the fiscal year 2021-2022 are estimated at LE 2.461 trillion. The law was published in the Official Gazette in its Sunday issue. The total resources of the state's general budget amount to LE 2.461 trillion, divided into LE 2 trillion for the state's administrative apparatus, and LE 185.953 billion for the local administration, according to earlier statement of Finance Minister Mohamed Maait. He pointed out that the expected state budget expenditures amounted to LE 1.837 trillion. Spending on Health will hike 16 percent to LE 108.8 billion while spending on education will increase 10 percent to LE 172.6 billion, marking the largest spending increases. On the other hand, spending on social protection programs will reach LE 283 billion, down from LE 286 billion in 2020/2021. According to the announced data, the size of the wages and compensation section for state workers reached LE 362 billion, including LE 171.213 billion for the state's administrative apparatus and LE 142.320 billion