Egyptian Prime Minister Mostafa Madbouli confirmed that Egypt’s gross domestic product is doubling in an unprecedented way and the income level of an Egyptian citizen is rising, stressing that the increase in domestic product means the continuation of major national projects, including the decent life project, which provides citizens with a decent quality of life and creates employment opportunities for them. At the local level, explaining that the unemployment rate is currently less than 7.5%, explaining that national projects have created millions of jobs for young people.
He indicated that the Egyptian state will announce a new program to stimulate wheat cultivation, explaining that Egypt continues to support the fertilizer industry to support farmers. The exceptional circumstances the world is going through.
He explained that the average strategic stock of goods is up to 6 months, and the supply subsidy has increased to 90 billion pounds, explaining that a new system of ardebum price increase and additional incentive has been developed.
In televised addresses, he stressed that there are plans to raise the tax exemption limit for both the public and private sectors so that someone with a £2,000 salary will not pay taxes, and with the increase in the exemption limit, it will reach £2,500, explaining that Egypt is seeking to take additional steps for social protection in accordance with the directives of the President of the Republic, including the arrival of a number of families benefiting from the Solidarity and Karama programs provided by the Ministry of Social Welfare. Solidarity reached 4.1 million families, with a total of 17 million beneficiaries, after adding 450,000 new families, and the targeted family cash support budget has increased to over £22bn annually this year, up from £3.7bn last year. year. 2014.
