Egypt's 2023 Budget: A 25% Increase for Health Sector, Education, and Research
Egypt is set to boost funding for its health sector by 25% in the upcoming budget, allocating 495.6 billion pounds ($10.4 billion) for the sector, representing a 24.9% annual growth rate compared to the current fiscal year.
This move aligns with Egypt's goal to enhance medical services as part of its Vision 2030.
Additionally, the education sector will receive a 45% increase in funding, with 858.3 billion pounds allocated.
Egypt's scientific research funds are projected to grow by 40.1% to over 139.5 billion pounds in the upcoming budget.
The government will continue to invest in healthcare initiatives, providing funds for hospitals and increasing support for health insurance programs.
Egypt is also focusing on gradual expansion of comprehensive health insurance.
The latest social package in March included additional funding of 15 billion pounds for doctors, nurses, teachers, and university faculty members.
In the given text, it is mentioned that the Egyptian government approved a total of 13.2 billion pounds (approximately 15.5 billion US dollars) for wage increases in various sectors.
This includes 8.1 billion pounds for teachers in pre-university education, 1.6 billion pounds for faculty members and their assistants at institutes and research centers, and 4.5 billion pounds for members of the medical professions and nursing bodies.
Additionally, in 2022, Egyptian President Abdel Fattah El-Sisi discussed enhancing cooperation with the World Health Organization to improve the country's healthcare sector.