Egypt’s newly-appointed Prime Minister Mostafa Madbouly will present the government’s programme, during a plenary session of parliament next Saturday, local media reported.
The new government’s programme will focus on three main axes, which will include supporting and advancing health and education services, covering largest number of citizens in social protection projects, in the coming period.
The programme will be implemented according to the directions of President Abdel Fattah Al-Sisi. The whole programme is set for the upcoming two years, which marks the remaining period for the current parliament.
Member of political bureau of Egypt Support Coalition in the parliament, Hisham Amara, said that parliamentarians will request Madbouly to control the markets, tighten control to prevent the greed of traders, and unjustified rise in prices.
Throughout the past two years, the Egyptian government has undertaken a number of economic measures, as part of state’s economic reform programme, that included flotation of the pound, cutting subsides, and implementation of value added taxes, in which all resulted in major price hikes in the country.
On Saturday, the state hiked fuel prices for the third time since the flotation of the Egyptian pound in November 2016. One week before this, prices of electricity increased by 26%.
In an interview with Al-Ahram state-run newspaper, newly-appointed Finance Minister Mohamed Moeit, said that more than 85% of Egypt’s ongoing economic reform programme has been put into effect thus far.
On 14 June, Egypt’s new cabinet sworn before President Al-Sisi after days from appointing Madbouly, as the new prime minister, succeeding Sherif Ismail who has resigned early this month. The new cabinet has the highest rate of women ministers ever by eight ministers.