We focused on social protection programs which target the segments eligible for subsidy

Minister of Finance, Ahmed Kouchouk, affirmed that during the last fiscal year, an amount of EGP 642 billion was spent on subsidies, grants, and social benefits for the unprivileged citizens, with an annual growth rate of 12%. In addition, the Ministry focused on the social protection programs which target those eligible for support.

 

In a press conference, Kouchouk stated that EGP 165.4 billion was spent on supply commodities during the last fiscal year, with an annual growth rate of 24%. EGP 43.2 billion was spent on social security programs and initiatives, Takaful and Karama, with a growth rate of 22.8%, contributing to alleviating the burden on the unprivileged citizens as much as possible.

 

Kouchouk pointed out that EGP 142.7 billion has been allocated to pension funds, with an annual growth rate of 5.8%. He also noted that EGP 2.5 billion has been allocated to support passenger transport, with a growth rate of 10.4%, in addition to EGP 1.3 billion allocated to vehicle replacement and supporting the green transformation.