Dr. Ghada said Wali, Minister of Social Solidarity, said that the size of the pension and insurance funds allocations rose this year to up to 110 Billion pounds, compared to 43 Billion pounds in 2010, pointing out that the public treasury bear them in accordance with law 55 Billion pounds, and holds the rest of the money management funds.
She stressed Wali, during the first meeting of the work of second and final day of the Conference News economic today, that the government can not continue to carry this amount, and to go down this road without radical reform and a real system of pensions in Egypt, stressing that the ministry is currently working to collect all the legislations and laws relating to insurance and pension system for the preparation of a new unified law to regulate the process to cope with the changes and new challenges in the labor market.
She explained to and that, despite the budget deficit, the state confirmed its commitment to protect and ensure the pension funds, stressing the need to take action to combat the evasion of insurance and the shift to the formal sector to ensure the protection of its employees, and the extension of the umbrella protection and social security to them.
She noted the Minister of Solidarity, that whenever the government lowered the router to support energy, increased ability to pump more investments in priority areas such as education and health sectors, pointing out that the energy subsidy rate was up to 6% Of GDP, equivalent to more than what is spent on education and health together.
And he said to me, that the achievement of social justice, linked to the achievement of real growth rates and the economy powers equivalent to high population growth, and that the government should not lose sight of the numbers of the poor and the feeling of poverty, stressing that the equitable distribution of the results of growth and scaled the great disparity between incomes, is the inherent right of every citizen and not a grant from the government.
She added to and, it has been the implementation of the conditional cash support program in 19 Village of the poorest villages, where more than record 210 A family of 802 A citizen in my program Takaful and dignity, has also been provided a third program under the name «opportunity», a program to provide opportunities for training and operating out of the cycle of poverty, in addition to the food, which support work by the Ministry of Supply program, and also health insurance for the poor in 4 Governorates in Upper Egypt Development Programme 250 village.
the source: AlMasry Alyoum