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News of the local affairs centered on the concerns of Cairo newspapers issued on Monday, foremost among which was directing President Abdel Fattah Al-Sisi to honor the children and families of martyrs and the injured on the occasion of Eid Al-Fitr, and the release of the Ministry of Interior on more than 5 thousand prison inmates, in addition to the new economic measures next July in the draft budget New finance.
The newspapers “Al-Akhbar”, “Al-Ahram” and “Al-Gomhoria” highlighted the directive of President Abdel Fattah Al-Sisi, President of the Republic, Supreme Commander of the Armed Forces, on the occasion of Eid Al-Fitr and in the context of the emotional participation of the sons and families of martyrs and those injured to celebrate this blessed occasion, by providing in-kind and material gifts to the children and families of the martyrs The injured are afflicted with their homes in a number of governorates of the Republic, and this comes within the framework of preventive and preventive measures taken by the Egyptian state to preserve the safety of citizens and counter the spread of the Corona virus.
The newspapers stated that the children and families of the martyrs and the injured expressed their pride and appreciation to President Abdel Fattah Al-Sisi, for his constant concern to care for the children and families of the martyrs and the injured and provide them with full support at all times, stressing that the Egyptian state will never forget its children from the martyrs and the wounded who gave their blood and souls in exchange for this dear homeland And in defense of its stability and territorial integrity.
She pointed out that this comes out of President Sisi’s eagerness to continuously communicate and the participation of the children and families of the martyrs and the injured in their joys in various celebrations and occasions, in recognition of the Egyptian state for their national role in defending the capabilities of the country and preserving its sanctities.
In the context of the celebrations of Eid Al-Fitr, newspapers highlighted the announcement by the Ministry of Interior of the release of 5,532 prison inmates on the occasion of the celebration of Eid al-Fitr for the year 2020, in implementation of Presidential Decrees No. 231-232 of 2020 regarding the release of amnesty, for some of the convicts who fulfilled the conditions Pardons.
She pointed out that this comes as a continuation of the application of punitive policy frameworks in its modern concept, providing various aspects of care to prison inmates, and activating the executive role of the methods of releasing the convicts who have been qualified to engage in society.
Newspapers shed light on the impact of the new Corona virus on the manifestations of celebration of Eid al-Fitr in Egypt and the world, noting that millions of Muslims in Egypt and the world celebrated yesterday Eid al-Fitr in homes in light of the restrictions of closures and bans to limit the spread of the Corona virus, as the streets of many Arab cities were deserted The manifestations of the celebration due to the precautionary measures taken by the governments to prevent the spread of the Corona virus, especially the curfew during the holidays, pointing to the Egyptians’ commitment to celebrate with their families at home and the absence of parks and beaches from the pioneers.
On the economic issue, the newspapers quoted the Minister of Finance, Dr. Mohamed Moait, as saying that the budget expected to be approved for the next fiscal year will include the largest package of measures expected in the history of Egyptian budgets to support the industrial sector and productive projects, in addition to a new tax structure biased for low and medium income earners to achieve social justice .
He pointed out that the new tax structure comes within a package of measures to reform the wage structure, as it aims to improve the financial conditions of state employees and increase net income for workers by increasing the family tax exemption limit from 8 thousand pounds to 15 thousand pounds annually, and the creation of a low tax bracket of 2. 5% for income earners of less than 30 thousand pounds annually, in addition to 9 thousand pounds a personal exemption annually for workers with third-party “employees”, which means that the net annual income up to 24 thousand pounds is exempt from taxes until 2000 pounds per month, with all the following slides reduced For low and middle income groups, and to create a new segment for those whose annual net income exceeds 400,000 pounds.
The newspapers highlighted the Minister of Finance’s assertion of reducing the public debt to 83% of GDP, while maintaining an initial surplus of about 2%, expecting the budget deficit to rise to 7.8% compared to 6.% in the basic scenario of the 2021/2020 budget targets, in case continued repercussions Corona virus emerging until the end of the year 2020.
And on the extent of the impact of the crisis of the “new corona virus” and its economic repercussions on the targets of the new budget, Moait confirmed that the draft budget 2020/2020 was prepared during the period from the end of November 2019 to the end of February 2020, through intensive work sessions and meetings held by the ministry with representatives of all sides The state’s budget, taking into account commitment to constitutional entitlements, and global economic performance estimates issued by the relevant international institutions in January, pointing out that updating these assumptions is currently taking place in light of the repercussions of the Corona virus crisis, global oil price collapses and their effects on economic activity locally And globally.
The newspapers pointed to the Minister of Finance’s assertion that the constitutional eligibility rates in the health sector, whose allocations amounted to 254.5 billion pounds, have increased, an unprecedented increase of 78.9 billion pounds, equivalent to 45% over the current fiscal year, and the completion of the implementation of the comprehensive health insurance and health insurance support program Comprehensive for those who are unable to hold a social security pension at about 865 million pounds, and allocating about 3 billion and 328 million pounds to the Public Authority for Health Care.
Maait said that the constitutional entitlement rates for university and pre-university education and scientific research have been met, with education allocations amounting to 363.6 billion pounds, an increase of 46.9 billion pounds, or 14.8% over the current fiscal year, while allocations of scientific research amounted to 60.4 billion pounds. An increase of 7.5 billion pounds, or 14.1%.
He added that the state will start from the first of next July to increase the support related to the social aspect, and monetary support “social security pension and takaful and dignity” by 2.7% from the current fiscal year budget to reach 19 billion pounds, with the allocation of 7 billion pounds to finance the initiative “a decent life” »To the most needy villages, in addition to launching a new initiative to support consumption that contributes to lowering the prices of a wide range of goods to citizens.
The minister explained that the new budget allocated 5.7 billion pounds for the social housing program, and 3.5 billion pounds for the natural gas delivery program for homes, where we aim to deliver gas to about 1.2 million housing units, which is the largest number of housing units targeted by the program throughout its history.
The newspapers also highlighted the statements of Dr. Nevin Jameh, Minister of Trade and Industry, CEO of the Small, Medium and Micro Enterprises Development Agency, that the agency implements an ambitious strategy to support the Egyptian industry sector with a new generation of businessmen as it provides many facilities and advantages to finance industrial projects.
The minister pointed out that the device is financing industrial projects now with reduced interest rates of 5%, and the maximum value of funding available for new industrial projects has recently been raised through direct lending to the device to become 10 million pounds instead of 5 million previously.
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