{"id":563014,"date":"2021-06-15T03:56:43","date_gmt":"2021-06-15T03:56:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/house-greenlights-fy2021-2022-budget-ups-health-education-spending\/"},"modified":"2021-06-15T03:56:43","modified_gmt":"2021-06-15T03:56:43","slug":"house-greenlights-fy2021-2022-budget-ups-health-education-spending","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/house-greenlights-fy2021-2022-budget-ups-health-education-spending\/","title":{"rendered":"House greenlights FY2021-2022 budget, ups health + education spending"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>House passes FY2021-2022 budget, ups health + education spending:<\/strong> The House of Representatives has voted to increase spending on health and education in the coming fiscal year as it passed the <a href=\"https:\/\/ent.news\/2021\/6\/2021-2022.pdf\">FY2021-2022 state budget (pdf)<\/a> in a plenary session yesterday. MPs signed off on <a href=\"https:\/\/gate.ahram.org.eg\/News\/2807220.aspx\">EGP 4.56 bn of additional spending<\/a>, including another EGP 2 bn to purchase medicine, EGP 1 bn to fund medical treatment, and EGP 500 mn to fund wage hikes for kindergarten and primary school teachers. This brings total spending on education to EGP 388.1 bn and total health spend to EGP 275.6 bn,<\/p>\n<p><strong>What we already knew going in:<\/strong><\/p>\n<ul>\n<li><strong>The budget deficit should narrow:<\/strong> The government expects the budget deficit to narrow to 6.7% of GDP, from an expected 7.7% in the current fiscal year. It will then fall again to 6.2% in FY2022-2023.<\/li>\n<li><strong>Government spending will grow by 14%: <\/strong>The ministry expects the government to spend a total of EGP 1.84 tn in FY2021-2022, up 14% from its EGP 1.61 tn projected spend this year.<\/li>\n<li><strong>Revenues to grow more:<\/strong> Revenues are forecast to rise 22% to reach EGP 1.36 tn during the year. This will be driven by an 18% rise in tax collection, which will bring in EGP 983 bn compared to an expected EGP 830 bn in the current fiscal year.<\/li>\n<li><strong>Debt will remain the biggest cost:<\/strong> Almost a third of the government\u2019s total expenditure will go towards servicing debt, rising more than 2% to EGP 579 bn.<\/li>\n<\/ul>\n<p><strong>Next up:<\/strong> The budget goes to President Abdel Fattah El Sisi for review; he is expected to sign it into law before the start of the state\u2019s new fiscal year on 1 July.<\/p>\n<p><strong>You can find all you need to know about other key figures in our previous coverage:<\/strong> <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6f10ef3d-eec0-4f11-a112-c1dee1ee9780\">here<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d15c184c-b6a0-4eda-afd1-3d0695707906\">here<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a6b6f594-177a-428b-861a-f13060029d6e\">here<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7216ea40-25ec-4e8f-9081-9246e0d1e378\">here<\/a>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/107de5fd-3c3c-48cf-809d-30bae0dfa53b\">here<\/a> and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0b16fee0-db4c-49a2-8cf0-8477e1233c9b\">here<\/a>.<\/p>\n<p><strong>ALSO FROM THE HOUSE\u2013<\/strong> <strong>The House gave its final approval yesterday to the state\u2019s FY2021-2022 social and economic development plan<\/strong>, <a href=\"https:\/\/bit.ly\/3cZdzwb\">Youm7<\/a> reports. The plan will see EGP 1.25 tn invested into economic and development projects, with EGP 933 bn allocated to public investments and EGP 317 bn provided to private and cooperative sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>House passes FY2021-2022 budget, ups health + education spending: The House of Representatives has voted to increase spending on health and education in the coming fiscal year as it passed the FY2021-2022 state budget (pdf) in a plenary session yesterday. MPs signed off on EGP 4.56 bn of additional spending, including another EGP 2 bn [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":563015,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7413],"tags":[279,73,72,7115,274,277,278],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budget-watch","tag-budget-watch","tag-education","tag-enterpriseam","tag-healthcare","tag-house-of-representatives","tag-mohamed-maait","tag-state-budget","wpautop","entry"],"acf":{"mongo_id":"ac20ef00-8aed-4e5b-9885-0e407c2ee8ee","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/6\/200.jpg","photo_position":"above","related_issue":[563008],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>House greenlights FY2021-2022 budget, ups health + education spending - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/house-greenlights-fy2021-2022-budget-ups-health-education-spending\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House greenlights FY2021-2022 budget, ups health + education spending\" \/>\n<meta property=\"og:description\" content=\"House passes FY2021-2022 budget, ups health + education spending: The House of Representatives has voted to increase spending on health and education in the coming fiscal year as it passed the FY2021-2022 state budget (pdf) in a plenary session yesterday. MPs signed off on EGP 4.56 bn of additional spending, including another EGP 2 bn [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/house-greenlights-fy2021-2022-budget-ups-health-education-spending\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-15T03:56:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/200.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/house-greenlights-fy2021-2022-budget-ups-health-education-spending\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/house-greenlights-fy2021-2022-budget-ups-health-education-spending\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"House greenlights FY2021-2022 budget, ups health + education spending\",\"datePublished\":\"2021-06-15T03:56:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/house-greenlights-fy2021-2022-budget-ups-health-education-spending\/\"},\"wordCount\":346,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/house-greenlights-fy2021-2022-budget-ups-health-education-spending\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/6\/200.jpg?fit=%2C&ssl=1\",\"keywords\":[\"budget watch\",\"Education\",\"EnterpriseAM\",\"healthcare\",\"House of Representatives\",\"Mohamed Maait\",\"state budget\"],\"articleSection\":[\"BUDGET WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/house-greenlights-fy2021-2022-budget-ups-health-education-spending\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/06\/15\/house-greenlights-fy2021-2022-budget-ups-health-education-spending\/\",\"name\":\"House greenlights FY2021-2022 budget, ups health + education spending - 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MPs need to approve the draft before the start of the fiscal year on\u2026","rel":"","context":"In &quot;BUDGET WATCH&quot;","block_context":{"text":"BUDGET WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/budget-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/262.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561111,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/25\/cabinet-signs-off-on-the-draft-fy2021-2022-budget\/","url_meta":{"origin":563014,"position":1},"title":"Cabinet signs off on the draft FY2021-2022 budget","author":"enterpriseam admin","date":"25 March 2021","format":false,"excerpt":"Well, we have a draft FY2021-2022 budget, after the Madbouly cabinet signed off on it yesterday. Finance Minister Mohamed Maait had said earlier this month that spending under the budget will rise 9% y-o-y to EGP 1.76 tn. Government expenditure on investment will account for 27.6% of total expenditures, with\u2026","rel":"","context":"In &quot;BUDGET WATCH&quot;","block_context":{"text":"BUDGET WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/budget-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":546259,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/10\/state-presents-revised-crisis-budget-to-the-house-with-more-spending-on-food-energy-health-and-education\/","url_meta":{"origin":563014,"position":2},"title":"State presents revised crisis budget to the House with more spending on food, energy, health and education","author":"enterpriseam admin","date":"10 May 2022","format":false,"excerpt":"Draft FY 2022-2023 budget presented to the House: The budget deficit is set to widen in the coming fiscal year as increasing social spending and rising borrowing costs cause spending to outpace revenue growth, according to projections in the draft FY 2022-2023 budget released yesterday by the Finance Ministry. Finance\u2026","rel":"","context":"In &quot;BUDGET WATCH&quot;","block_context":{"text":"BUDGET WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/budget-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/112.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":599181,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/house-committee-approves-fy2019-2020-draft-budget\/","url_meta":{"origin":563014,"position":3},"title":"House committee approves FY2019-2020 draft budget","author":"enterpriseam admin","date":"20 June 2019","format":false,"excerpt":"LEGISLATION WATCH- House Budget committee approves FY2019-2020 draft budget: The House of Representatives Planning and Budget Committee has approved the draft budget for the FY2019-2020 fiscal year and referred it to the general assembly to set a date for a vote, MP Yasser Omar told the local press. The House\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572301,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/21\/egypts-budget-passes-house-health-and-education-spending-slightly-changed\/","url_meta":{"origin":563014,"position":4},"title":"Egypt\u2019s budget passes House, health and education spending slightly changed","author":"enterpriseam admin","date":"21 June 2020","format":false,"excerpt":"BUDGET WATCH- FY2020-2021 budget passes House with bigger earmarks for health and education spending: The House of Representatives approved in a plenary session on Wednesday the state\u2019s budget for FY2020-2021 after leaving it largely unchanged from a draft released by the Finance Ministry in April, the ministry said in a\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":542862,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/20\/primary-surplus-falls-y-o-y-in-1h2021-2022\/","url_meta":{"origin":563014,"position":5},"title":"Primary surplus falls y-o-y in 1H2021-2022","author":"enterpriseam admin","date":"20 January 2022","format":false,"excerpt":"Egypt generated a EGP 3.2 bn primary surplus in 1H2021-2022, Finance Minister Mohamed Maait said during the weekly cabinet meeting yesterday. The surplus came on the back of an increase in tax revenues, which rose 16% y-o-y, the minister said.The surplus is down on an annual basis, but it\u2019s still\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/248.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=563014"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/563014\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/563008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/563015"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=563014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=563014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=563014"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=563014"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=563014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}