Madbouly’s economy

I don’t believe the sincerity of the statements issued by Prime Minister Mostafa Madbouly, especially when he says he feels for the poor and that the state is bearing the burden of price increases.

For example, has he decided on salary increases every three months at the same rate as the increase in energy and fuel prices?

And he has said, for instance, that the state has built many more energy projects than before, so that they are now more than sufficient.

So, have the Egyptians benefited from this increase in energy and electricity production, to the point that citizens can feel the increase in production and prices reductions such as in Jordan, Israel, and other neighboring countries?

Using Israel as an example, they are reducing the price of gasoline starting Tuesday, October 22: note that this is a country at war. This is the war economy that Madbouly talked about – we are not at war and will not be at war, but we are impacted by countries that are.

Spare the people from quarterly price increases.

The financial burdens still weigh heavily on the citizens, even though the government announced that it won’t increase fuel prices in the upcoming six months.

President Abdel Fattah al-Sisi did well by asking the government to reconsider the International Monetary Fund’s program with Egypt, in light of ongoing regional and global developments, as the state does not want to further pressure the people.

I don’t know where Madbouly got the idea of a war economy when we are not at war, applying these increases to everything. The strange thing is that in the years of war, we did not raise prices and did not apply a war economy.

The leadership maintained social peace and fought the price mafia to provide goods at cheap prices for citizens.

What has Madbouly done to go down in history as a prime minister who was able to protect the country and maintain social peace and the home front?

I think that he needs to make a great effort for economic reform that Egyptians can attest to.

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