وزارة التعليم المصرية الأكثر حظاً في الانفاق ضمن موازنة العام المالي 2024-2025

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Transcript

00:00Despite the improvement in the general financial situation in Egypt, the state's treasury will not receive dollars

00:07due to the Raes al-Hikmah project and many other sources.

00:12However, the financial situation in Egypt is still very careful about how to spend.

00:17We have a high level of spending according to the requirements of the International Monetary Fund,

00:22especially on very important sectors and sectors.

00:25The coming financial year has many promises of increased spending.

00:30Therefore, the state needs to raise the level and ceiling of the required funding for spending,

00:40which of course helps Egypt to increase.

00:43We are talking, first of all, about the budget, which will start after 68 days.

00:50Whether it is from the Minister of Finance of Egypt or from experts, it may have positive intentions.

00:55I am talking about the budget and spending.

00:58We are talking about a budget that may rise from approximately 2.8 trillion and 49 billion pounds to 33%

01:10The aim is to increase the support of oil resources, which is required by the Monetary Fund in the reform program.

01:17We are talking about an increase of approximately 154.5 billion pounds,

01:22and also expectations of an increase in the support of financial goods by approximately 5%,

01:26which affects approximately 131.1 billion pounds.

01:31All of this comes in line with the so-called support of the society,

01:37which is harmed by the increase in inflation and the decline in the cost of spending per pound.

01:42We are talking about the numbers of the budget, and therefore we are either talking about a deficit or a surplus.

01:49But this is more determined by the expected price of the oil barrel.

01:53If we look at Brent, it is around 82 dollars per barrel,

02:00but the current budget is 85 dollars,

02:04and therefore there are expectations of a kind of different calculations between the deficit and the surplus.

02:12Our expectations change.

02:15Sometimes a deficit reaches 7.1%, which rises to 7.7%,

02:20but if Egypt gets its expected revenues early from the foreign currency,

02:25perhaps this deficit will be limited to a reduction or even a surplus, if Egypt is not able to do that.

02:35And this is largely reflected in the overall local revenue.

02:39Let's look at where the Egyptian government spends, and why it needs more funding.

02:45It is expected that by the end of June, the next economic year,

02:49it will rise by 4.2% compared to 2.9%.

02:54Education spending is rising.

02:57We are talking about 590 billion pounds at the moment,

03:05but we are talking about 858 billion expected to be raised,

03:10which is the highest education budget in the history of Egypt.

03:13We are talking about a very large number to support the education sector in Egypt.

03:18We also have health sector specializations with a 25% increase.

03:24The current financial year was 397 billion pounds, and is expected to rise to 496 billion pounds.

03:30What did Mohamed Ma'id, the Egyptian finance minister, say?

03:34He said that the new budget project is more perceptive,

03:37and responds to the successive shocks that the Egyptian people have witnessed,

03:44and needs social support to be able to comply with the sustainable economic reform program

03:56without harming the poor class in Egypt.