The Egyptian parliament’s education and scientific research committee asked the government on Tuesday to increase the EGP 130 billion allocated to the Ministry of Education in the 2017/2018 budget to EGP 180 billion, Ahram Arabic website reported.
The meeting was attended by Minister of Education Tarek Shawky and the undersecretary of the education committee MP Abdel-Rahman El-Borai.
The government had allocated the EGP 130 billion in the 2017/2018 budget in accordance with the constitutional requirement that 3 percent of Egypt’s GDP be allocated to education.
However, El-Borai says that “the EGP 130 billion was allocated before the floating of the Egyptian pound. Now the education budget should increase to EGP 180 billion.”
In November, Egypt’s Central Bank floated the Egyptian pound, slashing its value by more than half against foreign currencies.
The education committee demanded that MPs reject the general budget if the government refuses to increase the education budget.