{"id":626516,"date":"2018-07-04T04:18:32","date_gmt":"2018-07-04T04:18:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/04\/madbouly-emphasizes-continuity-as-he-unveils-four-year-agenda-at-the-house-of-representatives\/"},"modified":"2018-07-04T04:18:32","modified_gmt":"2018-07-04T04:18:32","slug":"madbouly-emphasizes-continuity-as-he-unveils-four-year-agenda-at-the-house-of-representatives","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/04\/madbouly-emphasizes-continuity-as-he-unveils-four-year-agenda-at-the-house-of-representatives\/","title":{"rendered":"Madbouly emphasizes continuity as he unveils four-year agenda at the House of Representatives"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Prime Minister Mostafa Madbouly presented his cabinet\u2019s new four-year policy program to the House of Representatives yesterday,<\/strong> <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/spe.aspx\">according to an official statement<\/a>. The new cabinet\u2019s agenda will focus on five main areas: Economic development, improving living standards, human development, as well as national security and foreign policy. You can <a href=\"http:\/\/gate.ahram.org.eg\/News\/1976377.aspx\">view the full program here<\/a>, courtesy of Ahram Gate, or <a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/prog.aspx\">read the cabinet\u2019s summary here<\/a>.<\/p>\n<p><strong>On the economic front,<\/strong> ministers have set targets for FY2021-2022 that include:<\/p>\n<ul>\n<li><strong>GDP growth rate of 8%<\/strong>, up from 5.4% in FY2017-18;<\/li>\n<li><strong>Overall budget deficit of 6%<\/strong> of GDP; <\/li>\n<li><strong>Primary budget surplus of 2% <\/strong>of GDP; <\/li>\n<li><strong>Sovereign debt level of around 80-85%<\/strong> of GDP;<\/li>\n<li><strong>Industrial growth rate of 10.7%, <\/strong>up from 6.3% in FY2018-19;<\/li>\n<li><strong>Unemployment rate of 8%<\/strong>, down from a current 10.6%;<\/li>\n<li><strong>Increase in overall government earnings<\/strong> to reduce reliance on local and external borrowing; <\/li>\n<li><strong>Higher tax income <\/strong>as a result of improved collection;<\/li>\n<li><strong>Securing USD 2 bn in funding from international institutions<\/strong> for infrastructure development;<\/li>\n<li><strong>Securing EGP 200 bn in funding from regional and international sovereign wealth funds<\/strong> and putting under-utilized states assets to use. <\/li>\n<\/ul>\n<p><strong>The private sector is key to hitting these targets<\/strong>, according to Madbouly, who said that private businesses in Egypt create some 900k jobs a year on average. That\u2019s why his government will be working to support the private sector \u2014 particularly youth-led and small businesses \u2014 over the coming four years with initiatives including:<\/p>\n<ul>\n<li>Establishing<strong> 13 industrial complexes<\/strong> across the country;<\/li>\n<li>Bailing out<strong> idle factories;<\/strong> <\/li>\n<li>Allocating <strong>10% of available land <\/strong>to youth and SMEs;<\/li>\n<li>Increasing the <strong>amount allocated to the central bank\u2019s SME financing initiative<\/strong>; <\/li>\n<li>Making <strong>EGP 10 bn available <\/strong>for banks to give out as loans to SMEs; <\/li>\n<li>Creating <strong>20k job opportunities<\/strong> at small and micro enterprises through a local development fund for women and youth. <\/li>\n<li><strong>Allocating EGP 250 mn to a family planning program <\/strong>that seeks to curb population growth, emphasizing that \u201ctwo is enough.\u201d<\/li>\n<\/ul>\n<p><strong>Energy policy:<\/strong> Diversification is the name of the game. Priorities here include connecting more households to the national gas grid, focusing on the diversification of energy sources (with a focus on renewables), continuing exploration activities in the Red Sea and East Mediterranean, and capitalizing on surplus production through investments in new petrochemicals and refining projects.<\/p>\n<p><strong>Improved living standards are a focal point of the new policy program<\/strong>. The government will be focusing on closing the \u201cdevelopment gap\u201d between governorates, and promises that citizens should begin to feel real lifestyle improvements in the coming months thanks to a combination of past and ongoing reforms, including:<\/p>\n<ul>\n<li>Pressing ahead with social housing and infrastructure projects, with an emphasis on roads, high-speed trains for cargo and passenger transport, as well as sanitation and water projects; <\/li>\n<li>Expanding the Takaful and Karama cash-payment welfare programs; <\/li>\n<li>Create 100k jobs for youth and women in rural areas through programs including expanded support for microfinancing;<\/li>\n<li>Moving along with projects such as the Sinai and Upper Egypt development plans;<\/li>\n<li>Expanding the social safety net and consolidating subsidy rolls to ensure that subsidies are not being misallocated; <\/li>\n<li>Establishing logistics centers nationwide to support the state\u2019s food commodity program.<\/li>\n<\/ul>\n<p><strong>Health and education are at the heart of the Madbouly Cabinet\u2019s human capital development goals. <\/strong>Priorities here include the launch of the Universal Healthcare Act in Suez Canal cities in the fall and an ambitious education reform program that will not only introduce new K-12 curricula and testing systems, but also see a more concerted effort to improve conditions for teachers. The government will also focus on improving the global ranking of Egyptian universities, largely through collaborations with other international universities, some of which (such as Liverpool University, most recently) have been looking to set up campuses in Egypt.<\/p>\n<p><strong>Egypt will adopt a GCC-style model of water security:<\/strong> The Madbouly Cabinet is planning to <a href=\"http:\/\/www.almalnews.com\/Story\/381292\/14\/%D8%A7%D9%84%D8%AD%D9%83%D9%88%D9%85%D8%A9-%D8%AA%D8%B3%D8%AA%D9%87%D8%AF%D9%81-%D8%A7%D9%84%D8%AA%D9%88%D8%B3%D8%B9-%D9%81%D9%89-%D8%B2%D8%B1%D8%A7%D8%B9%D8%A9--1-1-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D9%81%D8%AF%D8%A7%D9%86-%D8%A8%D8%A5%D9%81%D8%B1%D9%8A%D9%82%D9%8A%D8%A7-%D9%84%D8%AA%D8%AD%D9%82%D9%8A%D9%82-%D8%A7%D9%84%D8%A3%D9%85%D9%86-%D8%A7%D9%84%D9%85%D8%A7%D8%A6%D9%8A\">plant 1.1 mn feddans somewhere in Africa<\/a> as part of the food and water security strategy under its national security agenda. Madbouly also framed the move as part of Egypt\u2019s strategy to re-engage with Nile Basin countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prime Minister Mostafa Madbouly presented his cabinet\u2019s new four-year policy program to the House of Representatives yesterday, according to an official statement. The new cabinet\u2019s agenda will focus on five main areas: Economic development, improving living standards, human development, as well as national security and foreign policy. You can view the full program here, courtesy [&hellip;]<\/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":[11943],"tags":[72,11942],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626516","post","type-post","status-publish","format-standard","hentry","category-spotlight-on-the-madbouly-cabinets-agenda","tag-enterpriseam","tag-spotlight-on-the-madbouly-cabinets-agenda","wpautop","entry"],"acf":{"mongo_id":"a67e93b8-17b8-4fcd-b28e-073ec99a1aaf","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[626507],"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>Madbouly emphasizes continuity as he unveils four-year agenda at the House of Representatives - 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\/2018\/07\/04\/madbouly-emphasizes-continuity-as-he-unveils-four-year-agenda-at-the-house-of-representatives\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madbouly emphasizes continuity as he unveils four-year agenda at the House of Representatives\" \/>\n<meta property=\"og:description\" content=\"Prime Minister Mostafa Madbouly presented his cabinet\u2019s new four-year policy program to the House of Representatives yesterday, according to an official statement. 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The agenda is focused on the five main areas of economic development,\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":626557,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/05\/on-the-horizon-2\/","url_meta":{"origin":626516,"position":1},"title":"On the horizon","author":"enterpriseam admin","date":"5 July 2018","format":false,"excerpt":"The House of Representatives is expected to present its report on the Madbouly Cabinet\u2019s policy program in 10 days\u2019 time, a number of representatives tell Al Shorouk. Discussions on the committee-level have already started, they said, adding that initial feedback seems to be positive. Prime Minister Mostafa Madbouly had unveiled\u2026","rel":"","context":"In &quot;ON THE HORIZON&quot;","block_context":{"text":"ON THE HORIZON","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-the-horizon\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":629714,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/07\/07\/more-private-sector-involvement-industrial-development-and-transparency-on-the-new-cabinets-agenda\/","url_meta":{"origin":626516,"position":2},"title":"More private sector involvement, industrial development, and transparency on the new cabinet\u2019s agenda","author":"enterpriseam admin","date":"7 July 2024","format":false,"excerpt":"The state wants to build up the Egyptian citizen by prioritizing healthcare, education, and culture","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/448.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":564069,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/05\/tourism-topped-the-madbouly-cabinets-meeting-agenda-this-week\/","url_meta":{"origin":626516,"position":3},"title":"Tourism topped the Madbouly cabinet\u2019s meeting agenda this week","author":"enterpriseam admin","date":"5 August 2021","format":false,"excerpt":"TDA under new management? The Madbouly cabinet is placing the Tourism Development Authority (TDA) under the purview of the Housing Ministry, transferring its administration from the Tourism Ministry, according to a cabinet statement today. Consequently, the TDA\u2019s board will be reshuffled, with the Housing Minister being made chairman of the\u2026","rel":"","context":"In &quot;SPEED ROUND: CABINET WATCH&quot;","block_context":{"text":"SPEED ROUND: CABINET WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-cabinet-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":609649,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/08\/privatization-green-hydrogen-labor-law-feature-prominently-as-madbouly-government-talks-up-its-legislative-agenda\/","url_meta":{"origin":626516,"position":4},"title":"Privatization, green hydrogen, labor law feature prominently as Madbouly government talks up its legislative agenda","author":"enterpriseam admin","date":"8 November 2023","format":false,"excerpt":"The government have 58 draft laws on its priority list","rel":"","context":"In &quot;LEGISLATION WATCH&quot;","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/376.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627185,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/25\/what-were-tracking-on-24-july-2018\/","url_meta":{"origin":626516,"position":5},"title":"What we\u2019re tracking on 24 July 2018","author":"enterpriseam admin","date":"25 July 2018","format":false,"excerpt":"The House of Representatives will continue discussing the Madbouly Cabinet\u2019s policy program today, Al Ahram reports. The House had begun deliberations on the program yesterday, with the majority of representatives signaling their approval of the new cabinet\u2019s agenda.The Usual Suspects: Members of the 25-30 Coalition, however, said they would refrain\u2026","rel":"","context":"In &quot;What We're Tracking Today&quot;","block_context":{"text":"What We're Tracking Today","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-today\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626516","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=626516"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/626516\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/626507"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=626516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=626516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=626516"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=626516"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=626516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}