Despite the strain that the COVID-19 pandemic has placed on Egypt’s economy, the Cabinet appears set to keep social spending level in the budget for the new fiscal year.
The first snapshot of the state budget for the FY 2020/21, which is set to begin July 1, came on April 20, when Finance Minister Mohamed Maiet submitted several preliminary documents to Parliament. Key areas in the budget which are classified as social spending — from salaries and subsidies to healthcare and education — had taken a dip or shown weak growth. However, the picture that came with those documents remains a bit blurry, as the budget was prepared between November 2019 and February 2020, before the effects of the pandemic had become acute. And when the minister submitted the budgetary documents, he did not preclude adjustments.
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