{"id":572301,"date":"2020-06-21T04:51:50","date_gmt":"2020-06-21T04:51:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/21\/egypts-budget-passes-house-health-and-education-spending-slightly-changed\/"},"modified":"2020-06-21T04:51:50","modified_gmt":"2020-06-21T04:51:50","slug":"egypts-budget-passes-house-health-and-education-spending-slightly-changed","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/21\/egypts-budget-passes-house-health-and-education-spending-slightly-changed\/","title":{"rendered":"Egypt\u2019s budget passes House, health and education spending slightly changed"},"content":{"rendered":"

<\/a> BUDGET WATCH- FY2020-2021 budget passes House with bigger earmarks for health <\/strong>and education spending: <\/strong>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 statement<\/a>. Members of parliament requested at least EGP 4 bn to be added to the spending bill for education and academic research, Rep. Mervat Alexan was quoted as saying by Al Mal<\/a>. The House Education and Scientific Research Committee had recommended last week<\/a> adding EGP 22 bn to the Education Ministry\u2019s share of the budget.<\/p>\n

Health + education spending meet constitutional requirements: <\/strong>The ministry had previously allocated c. EGP 255 bn for health (now EGP 258.5 bn, according to final figures) and EGP EGP 423 bn for education, higher education, and scientific research (now EGP 424 bn). This means the total amount allocated to health and education has increased by 43% y-o-y from EGP 545 bn in FY 2019-2020. The final allocation fulfills a quota<\/a> mandated by the constitution, which requires an allocation equal to 10% of GDP for health- and education-related spending, the ministry said in its statement.<\/p>\n

The budget is due to be revised once 1Q2020-2021 wraps on 30 September<\/strong>, the ministry said. The ministry had made it clear last month<\/a> that it plans to further tweak key assumptions of the budget as it gets more clarity on the road ahead.<\/p>\n

What\u2019s next? <\/strong>President Abdel Fattah El Sisi is due to ratify the budget before the start of the fiscal year on 1 July.<\/p>\n

You can find all you need to know about key figures<\/strong> in our previous coverage here<\/a>, here<\/a>, here<\/a>, here<\/a>, and here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 statement. Members of parliament requested […]<\/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":[8572],"tags":[2653,72,180,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-572301","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-budgeting","tag-enterpriseam","tag-legislation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c32fb402-6fd8-4247-8446-2bf005b1b257","is_powered_by":true,"section_story_id":"09a2283f-8242-4243-8760-1733ae605c24","story_type":"1","photo_url":"","photo_position":"above","related_issue":[572293],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s budget passes House, health and education spending slightly changed - 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\/2020\/06\/21\/egypts-budget-passes-house-health-and-education-spending-slightly-changed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s budget passes House, health and education spending slightly changed\" \/>\n<meta property=\"og:description\" content=\"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 statement. 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The government allocated EGP 73 bn to the Health\u2026","rel":"","context":"In "Speed Round"","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":572270,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/17\/house-committee-recommends-egp-22-bn-increase-for-education-in-egypts-fy2020-2021-budget\/","url_meta":{"origin":572301,"position":1},"title":"House Committee recommends EGP 22 bn increase for education in Egypt\u2019s FY2020-2021 budget","author":"enterpriseam admin","date":"17 June 2020","format":false,"excerpt":"BUDGET WATCH- House committee recommends bumping up education funding by EGP 22 bn in FY2020-2021: The House Education and Scientific Research Committee has recommended providing an additional EGP 22 bn in funding for the Education Ministry under the state FY2020-2021 budget, a portion of which will be earmarked for e-learning\u2026","rel":"","context":"In "Speed Round"","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":570413,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/31\/government-spending-on-health-education-wages-and-welfare-is-set-to-increase-in-fy2020-2021\/","url_meta":{"origin":572301,"position":2},"title":"Government spending on health, education, wages and welfare is set to increase in FY2020-2021","author":"enterpriseam admin","date":"31 March 2020","format":false,"excerpt":"Government spending on health, education, wages and welfare is set to increase in the coming fiscal year, according to highlights of the draft 2020-2021 budget released yesterday by the Finance Ministry. 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