Kouchouk noted that EGP 832.3 billion has been allocated to subsidies and social protection, reflecting an annual growth rate of 12%.

 

Speaking at a press conference, Kouchouk stated that EGP 175.3 billion has been earmarked for food subsidy programs, with a 10% annual increase, benefiting more than 60 million citizens.

 

In addition, EGP 55.3 billion has been allocated to social programs including “Takaful and Karama,” social security, child allowance, and rural women support initiatives, serving over 4.7 million families.

 

The minister further highlighted that EGP 104.2 billion has been allocated to support the electricity sector, marking a 39% annual increase.

 

This funding aims to sustain this vital sector, address financial imbalances, and ensure reliable and consistent service delivery, alongside additional allocations to upgrade electricity transmission and distribution infrastructure.

 

Kouchouk also noted that EGP 13 billion has been allocated to provide adequate housing for low- and middle-income groups through utility support, subsidized interest rates, and direct cash assistance. Additionally, EGP 4.6 billion has been directed to the Urban Development Fund to upgrade informal areas and provide decent housing for citizens.

 

On food security, the minister stated that EGP 69.1 billion has been allocated to finance the procurement of locally produced wheat from farmers, following an increase in the procurement price per ardeb to EGP 2,500 during the current season. He added that the government aims to increase local wheat supply volumes to reduce reliance on imports starting next year.