The Egyptian House of Representatives’ Planning and Budget Committee on Wednesday approved a draft law aimed at raising funds to face the economic repercussions of pandemics or natural disasters.
The law — which comes within the framework of Egypt’s Takaful and Karama (Solidarity and Dignity) program — will allow the government to deduct one percent from governmental employees’ salaries greater than LE2000, and 0.5 percent from pensioners’ salaries greater than LE2000 for a one-year period, allocating the deductions to the founding of a fund to deal with the impacts of pandemics and disasters.
The government also approved a draft law obliging owners of cars containing electronic or entertainment devices to pay LE100 in annual fees.
Egypt launched the Social Safety Nets (SSN) project in 2015, aiming to improve life for poor families in Egypt as part of the Takaful and Karama program.
The Takaful and Karama program aims to support and expand economic empowerment and provide vocational training for poor families.
The project covers about two million families, including nine million citizens across 27 governorates. The number of female beneficiaries has reached 88 percent
Edited translation from Al-Masry Al-Youm