In an interview with Al-Arabiya, Egyptian Finance Minister Mohamed Muayt said the economic losses reached 370 billion pounds due to Corona.


More than 100 billion pounds were spent to support the sectors affected by Corona.


The Minister of Finance explained that the current fiscal deficit within 500 billion pounds, while debt is 88%, from GDP.


LL from July to March of the current fiscal year 2020/2021, 132.5 billion pounds were converted from the State Treasury to the Box and Pensions.


Egypt spent 388.5 billion pounds on social protection programs, from July to March, an annual growth rate of 17.1%, as well as 45.7 billion pounds to support ridoms, at an annual growth rate of 23.8%, about 12.9 billion pounds for social security, Takaful and dignity program at a growth rate Annual 7.3%, explaining that total financial allocations for funding for government investment increased by 45% to 163.7 billion pounds, with investments financed from the State Treasury for 115 billion pounds, an increase of 29% of the investigator during the same period last year.


The Ministry of Finance provided an additional 31 billion pounds for investment plans for a number of government agencies for the current fiscal year 2020/2021; Including the implementation of targeted national projects, thus, government investments carried out, which carried out its burdens of about 194.7 billion pounds at an annual growth rate of 72.3%.


Total health expenditure in the past nine months amounted to 68.3 billion pounds at an annual growth rate of 15.5%, including: 34.1 billion pounds for wages and compensation for 18.6% annual growth rate, as well as 13.4 billion pounds for investments, at an annual growth rate of 53.2%, explaining that total Expenditure on the education sector was 113.2 billion pounds at an annual growth rate of 10.1%, of which 83 billion pounds and compensation of workers at an annual growth rate of 10.3% and 20.3 billion pounds for investments at an annual growth rate of 16.5%. An annual growth of 19%; As they contribute to the provision of financial liquidity for exporting companies; Including increased productivity, strengthening our competitiveness in global markets.


The Ministry of Finance continued to prolong Omar al-Din, with 3.2 years in June 2020, instead of 1.3 years in June 2013 and about 1.8 years in June 2014, and is targeted to up to 3.8 to 3.6 years by June 2021.