Egyptian Prime Minister Dr. Mostafa Madbouly confirmed that there are directives from President Abdel Fattah El-Sisi for Egyptians to feel the efforts to reduce prices, explaining that the decrease in prices will reach 30% during the coming period.
He added, during a press conference at the Council of Ministers headquarters in the New Administrative Capital, on Thursday, that there is a complete inventory of prices and their decrease in each governorate, but the general trend indicates a 27% decrease in public goods, stressing that violations and transgressions in the prices of goods will be dealt with within the framework of the law in full. Resolve.
The Egyptian Prime Minister directed the concerned authorities to continue monitoring prices, explaining that goods worth $8 billion had been released from the ports.
In a related context, Dr. Mostafa Madbouly, Egyptian Prime Minister, chaired the weekly government meeting, Thursday, at its headquarters in the New Administrative Capital, to discuss a number of important files.
Madbouly thanked the regulatory authorities that made a great effort during the past period to monitor the markets, adding: “If there is any departure from what was agreed upon, it will be met with all decisiveness and firmness.”
He pointed out at the beginning of the meeting that the meeting aims to review and follow up on the contributions the Egyptian state bears in exchange for caring for its guests of various nationalities and foreign expatriates residing in Egypt, whose numbers, according to some international estimates, reach more than 9 million guests and refugees living in Egypt from about 133 countries. 50.4% male and 49.6% female, with an average age of 35 years, representing 8.7% of the population of Egypt.
The Egyptian Prime Minister was tasked with auditing these numbers, and at the same time counting and compiling what the state bears in exchange for the services provided in various sectors to Egypt’s guests, stressing the necessity of documenting the state’s various efforts to care for these millions.