Corona's crisis has resulted in a decrease in the value of Egyptian GDP by about 130 billion pounds, as the target growth rate during the current fiscal year declined from 6% to 4%, and revenues decreased.
Tax and non-tax revenues amounted to 124 billion pounds.
According to Arabiya Net, Egyptian Minister of Finance, Dr. Mohamed Ma’it said in a statement, that the total additional amounts allocated by the government to support the health sector and support the sectors and groups most affected since the beginning The pandemic has so far amounted to about 63 billion pounds out of the 100 billion pounds that were allocated to finance the state's plan to address the repercussions of Corona, in addition to the commitment of the Ministry of Finance to continue the monthly allocations aimed at providing the necessary liquidity to the commodity and service bodies; In such a way that it can fulfill its obligations in a way that helps to provide for the needs of citizens and maintain their standard of living.
The minister said that additional financial allocations of about 11 billion pounds were available to support the health sector in the state with its various institutions at the republic level, and to meet the urgent and imperative needs of medicines and medical supplies, including This vital sector enables the taking of precautionary and preventive measures for the emerging corona virus, and the disbursement of pure incentive rewards (the public treasury bears taxes and insurance due in full) to medical staff, quarantine outlets, isolation hospitals, central factories and their branches in the governorates, central work teams, their assistants, epidemiological surveillance teams and the ambulance staff. < / p>
He added that an amount of 400 million pounds has been arranged annually to finance the appointment of 7 thousand teaching assistants and assistant teachers at medical colleges in universities, and assigning them to work in university hospitals and full cooperation with hospitals of the Ministry of Health, in addition To appoint 1,200 fellow physicians and co-workers at the educational hospitals of the Ministry of Health, as of the date they took up work; To support the country's health sector in the face of the emerging Corona virus; In a way that contributes to providing the necessary health care to patients, pointing out that 2.6 billion pounds has been allocated to raise the risk of infection to medical professionals by 75%, as well as raise the reward for excellence doctors at university hospitals.
He pointed out that the industrial sector was supported in the face of the consequences of the emerging Corona virus, by about 16.6 billion pounds, as the price of natural gas was reduced from 5.5 to 4.5 dollars per unit Thermal, reducing the price of electricity by 10%, and postponing the real estate tax for a period of three months, pointing out that 3 billion pounds were pumped during the period from April to June to support the Export Development Fund and provide additional liquidity to exporters, and the provision of five billion pounds in financing to support the tourism and civil aviation sectors, and increase Government investments, with an additional ten billion pounds, in a manner that contributes to preserving employment, paying the dues of contractors and suppliers and raising the level of services provided to citizens.
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