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Egypt protects health and education from FY2026/2027 austerity measures
via Egypt Today3 min read
Egypt's Minister of Planning and Economic Development, Ahmed Rostom, announced that the health and education sectors are exempt from the government's austerity measures for the fiscal year 2026/2027. This decision aims to ensure the continuous provision of essential services. Rostom, speaking during a Senate plenary session, clarified that the austerity plan does not suspend investment allocations but rather postpones certain energy-intensive projects to secure energy supplies amidst global pressures. He emphasized the government's commitment to transparency and cooperation with the Senate to improve the public investment plan and direct resources towards development priorities. The minister also highlighted the plan's focus on attracting private sector investment, describing it as a key development partner, and noted increased investment allocations for projects in free zones and investment zones to support economic growth and job creation.
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This summary was AI-generated from a story originally published by Egypt Today.
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