Gov't investments reach LE 140B in 2019: Madbouli

CAIRO - 8 October 2019: "The state's investment plan increased by 40 percent from 2018 to 2019, It reached LE 100 billion in 2018 and jumped to LE 140 billion in 2019; we need 10 times that number to meet the aspirations and needs of the Egyptian people," Madbouli said on Tuesday.

This came during the premiere’s speech at the plenary session of the House of Representatives chaired by Ali Abdel-Al with the presence of members of the government to discuss the problems facing the Egyptian citizen.





He stated, "The government knows very well that it needs to take huge steps to improve the system of wages and pensions," adding that the most important thing for Egypt is to maintain the same economic growth rate, create jobs, and invest in health, education and all services.

Madbouli revealed that the government covered about 38 percent of the sanitation services in Egypt's villages on June 30, 2019 and is expected to reach 42 percent by June 30, 2020. “In 2014, the volume of sanitation coverage in Egyptian villages was estimated at only 11 percent," he said.

Madbouli announced that the government started to automate the social security project and unify the social security program with the Solidarity and Dignity initiative, saying that the aim of these projects is for social security to reach eligible families.

The president has previously issued directives for enhancing social protection, which included increasing the minimum wages and pensions, Madbouli pointed out, reiterating that the state raised the amounts allocated for the Takaful and Karama project from LE17, 500 billion to LE18 billion.

The prime minister explained that certain problems have been in existence for 30-40 years, including the development of education and health sectors. The premiere asserted that he personally gathered information about hospitals in need of development in Beni Suef during his last visit to the governorate.

Furthermore, Madbouli said that up to 260,000 surgeries have been carried out to end the patient waiting lists. This is in addition to the presidential initiative “100 Million Health” and the initiative on women's health that are aimed at improving health care for Egyptians.

Prime Minister Madbouli added that up to LE 6.6 billion are allocated for improving the living conditions of around 1,000 villages within the framework of the Decent Life initiative.

“The national projects that are being implemented provided jobs for around 5 million citizens,” Madboui stated, clarifying that the administrative apparatus is overloaded with 5 million employees, while the actual needs do not exceed 40 percent of this figure.

Additionally, the premiere pointed out that work is now underway in 14 new cities, adding that these cities include industrial compounds and residential units for around 9 million citizens.

Madbouli referred to the New Administrative Capital whose land has had no value until the implementation of the capital, when its market value hit trillions of pounds.