{"id":563486,"date":"2021-07-05T03:57:03","date_gmt":"2021-07-05T03:57:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/el-sisi-ratifies-fy2021-2022-state-budget\/"},"modified":"2021-07-05T03:57:03","modified_gmt":"2021-07-05T03:57:03","slug":"el-sisi-ratifies-fy2021-2022-state-budget","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/el-sisi-ratifies-fy2021-2022-state-budget\/","title":{"rendered":"El Sisi ratifies FY2021-2022 state budget"},"content":{"rendered":"

The FY2021-2022 state budget is now official:<\/strong> President Abdel Fattah El Sisi has ratified yesterday the FY2021-2022 state budget<\/a>, which will see government spending rise 14%, according to a decision published in the Official Gazette (pdf)<\/a>. The budget will see health spending rise by 16% and education by 10% as the government\u2019s tax reforms lead to a projected 22% increase in revenues. The House approved the budget<\/a> in mid-June, three months after it received cabinet sign-off<\/a>.<\/p>\n

IN OTHER LEGISLATION NEWS-<\/strong><\/p>\n

The Senate has given preliminary approval to <\/strong>the Unified Budget Act<\/a><\/strong>, which brings together several pieces of legislation governing the annual state budget and government accounting into a single bill, reports Ahram Gate<\/a>. The proposed bill \u2014 approved by the cabinet back in October<\/a> \u2014 would, if passed in a final vote by the House of Representatives, also impose new requirements for the government to ensure fiscal discipline. These include spending limits for each ministry, as well as new mechanisms to monitor budgeting performance. It remains unclear when the bill will be up for a final vote at the House.<\/p>\n","protected":false},"excerpt":{"rendered":"

The FY2021-2022 state budget is now official: President Abdel Fattah El Sisi has ratified yesterday the FY2021-2022 state budget, which will see government spending rise 14%, according to a decision published in the Official Gazette (pdf). The budget will see health spending rise by 16% and education by 10% as the government\u2019s tax reforms lead […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7344],"tags":[96,72,187,8866,278],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-563486","post","type-post","status-publish","format-standard","hentry","category-legislation-watch","tag-abdel-fattah-el-sisi","tag-enterpriseam","tag-legislation-watch","tag-sisi","tag-state-budget","wpautop","entry"],"acf":{"mongo_id":"2428f2bb-95c4-4431-afec-4b7bb3b10cbb","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[563471],"teaser":"","voice_url":""},"yoast_head":"\nEl Sisi ratifies FY2021-2022 state budget - 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\/07\/05\/el-sisi-ratifies-fy2021-2022-state-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"El Sisi ratifies FY2021-2022 state budget\" \/>\n<meta property=\"og:description\" content=\"The FY2021-2022 state budget is now official: President Abdel Fattah El Sisi has ratified yesterday the FY2021-2022 state budget, which will see government spending rise 14%, according to a decision published in the Official Gazette (pdf). The budget will see health spending rise by 16% and education by 10% as the government\u2019s tax reforms lead […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/el-sisi-ratifies-fy2021-2022-state-budget\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-05T03:57:03+00:00\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/el-sisi-ratifies-fy2021-2022-state-budget\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/el-sisi-ratifies-fy2021-2022-state-budget\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"El Sisi ratifies FY2021-2022 state budget\",\"datePublished\":\"2021-07-05T03:57:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/el-sisi-ratifies-fy2021-2022-state-budget\/\"},\"wordCount\":184,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Abdel Fattah El Sisi\",\"EnterpriseAM\",\"Legislation Watch\",\"Sisi\",\"state budget\"],\"articleSection\":[\"LEGISLATION WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/el-sisi-ratifies-fy2021-2022-state-budget\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/el-sisi-ratifies-fy2021-2022-state-budget\/\",\"name\":\"El Sisi ratifies FY2021-2022 state budget - 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MPs signed off on EGP 4.56 bn of additional spending,\u2026","rel":"","context":"In "BUDGET WATCH"","block_context":{"text":"BUDGET WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/budget-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/200.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560864,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/16\/minimum-wage-pension-hikes-what-to-expect-from-next-years-state-budget\/","url_meta":{"origin":563486,"position":1},"title":"Minimum wage, pension hikes + what to expect from next year\u2019s state budget","author":"enterpriseam admin","date":"16 March 2021","format":false,"excerpt":"The minimum wage for civil servants will be raised to EGP 2.4k from EGP 2k as of the next fiscal year on the instructions of President Abdel Fattah El Sisi following a review of the draft budget yesterday, according to an Ittihadiya statement. 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