Cairo: Prime Minister Mostafa Madbouly stated that the June 30 Revolution was a pivotal event that safeguarded Egypt from an uncertain future, while congratulating President Abdel Fattah El-Sisi and the Egyptian people on its anniversary. He emphasized the revolution's significance in demonstrating the people's resolve to protect their nation and sustain its stability.

According to State Information Service Egypt, in his comments at the weekly press conference following the cabinet meeting, Madbouly noted that the International Monetary Fund (IMF) had concluded the seventh review of Egypt's economic reform program at the staff level. The IMF lauded the government's proactive measures in response to regional conflicts, which helped mitigate the adverse effects of regional instability and global economic challenges on Egypt.

Madbouly highlighted that the IMF acknowledged Egypt's achievements in meeting fiscal targets, such as attaining the primary surplus goal and reducing the budget deficit. The report also commended the government's efforts to manage spending during the crisis, ensure energy security, and implement the social protection package initiated by President Sisi. This evaluation was portrayed as an affirmation that Egypt's economic reform program continues to progress effectively.

The Prime Minister announced that the recently approved state budget includes favorable measures for public sector employees and pensioners. President Sisi ratified a 15% pension increase in line with the law and the new budget, while the government sanctioned salary hikes of 12% for employees under the Civil Service Law and 15% for those outside its framework. Additional initiatives were introduced for health and education sector workers to enhance living standards.

Madbouly also revealed that the government approved legislative amendments, including revisions to the Income Tax Law and the Universal Health Insurance Law. He reaffirmed the government's commitment to bolstering the private sector and boosting its role in economic growth. Officials continue to engage with ministers of petroleum, electricity, and finance, along with the central bank governor, to ensure the country's fuel supply during the summer, when energy demand typically rises by 15% to 20%.

The Prime Minister noted that the fuel pricing committee will resume its quarterly meetings at the start of the new fiscal year under the automatic pricing mechanism. Price decisions will be guided by average market conditions over time to minimize additional burdens on citizens.