Egypt’s health sector budget continues to rise: Minister of Finance – Economy – Business


Al-Ahram Pharmaceutical Conference (APHC),

Maait made her statement at the second edition of the Al-Ahram Pharmaceutical Conference (APHC), which was held on October 16 and 17.

Allocations for children’s medicines and formula increased by 43% in 2021/22 compared to the previous year and support for health insurance programs was increased by EGP 1.2 billion, a- he declared.

Maait reiterated President Abdel-Fattah Al-Sisi’s words at the 2019 UN meeting on comprehensive health care, saying that governments and development partners should strive to find quick and sufficient solutions to strengthening health services, being an essential human right to create a decent environment. life.

Comprehensive health care can only be achieved when access to medicines and technological advances in health is ensured, he added. Countries and international institutions should form alliances to make safe and effective medicines available to all people, Maait said. Ensuring better health conditions is one of the United Nations sustainable development goals and is in line with Egypt’s Vision 2030, he added.

The coronavirus pandemic has proven the need for strong and flexible health systems to cope with economic downturns, the minister said, noting that the latest international developments have shown that drug manufacturing is key to countries’ national security.

The two-day conference, with a total of nine sessions, discusses ways to locate the pharmaceutical industry in Egypt and provide practical solutions to its problems.

In accordance with article 18 of the 2014 constitution, every citizen has the right to access quality health care. The state should maintain public health services and establish a comprehensive health insurance system for all Egyptians, Maait said.

The Minister of Finance stressed that in March 2020, following the outbreak of the coronavirus crisis, EGP 100 billion – or 2% of GDP – were allocated to mitigate the repercussions of the pandemic, including 16.5 billion euros. ‘EGPs have been devoted to the health sector. .

The rest was aimed at mitigating the effects of the pandemic on the most affected sectors and the most vulnerable groups, he added.

In 2021/22, the budget stood at EGP 275.6 billion, up EGP 17.1 billion or 1.4% from the previous year. The recorded increase was greater than that stated in the constitution, Maait said. In 2020/21, the health sector budget increased by 24.3% compared to 2019/20.

Investments in the Egyptian health sector recorded EGP 26.4 billion, or 24.3% of the total spent in the sector, he added.

APHC highlights the universal health insurance system as well as the future of pharmaceutical exports and the digitization of the health sector to support Egypt as a regional hub for the pharmaceutical industry.

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