Egypt allocates over US$12 billion to support citizens in new budget
The Egyptian government has allocated LE596 billion (US$12.66 billion) to the support system, as part of the upcoming draft budget (2024/2025) in order to reduce the burdens on middle and low-income people impacted by rising inflation rates and the erosion of the pound. Egyptian Finance Minister Mohamed Maait said in an interview with local media …
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Egypt Independent
March 20, 2024
