Comprehensive Change Plan: Government’s Strategies for Economic Stability and Social Well-being

2024-01-12 22:00:00

12:00 AM Saturday, January 13, 2024

Books – Hassan Morsi:
Journalist Mustafa Bakri revealed the features of the comprehensive change plan, which the government is developing to reduce burdens on citizens, remove obstacles in the investment process, in addition to increasing salaries for the government and private sectors, and reducing the rise in prices in the markets.

Journalist Mustafa Bakri confirmed during his presentation of the “Facts and Secrets” program, which was broadcast on Sada El Balad channel, that the regulatory bodies are working on developing the features of a comprehensive change plan that contains a future vision, which includes all aspects of life.

Mustafa Bakri explained that the features of the comprehensive change plan begin with reviewing the mistakes of the past stage and ways to avoid them, reviewing the choices in many state institutions and government agencies, and using the reports of executive oversight and security agencies in doing so.

Mustafa Bakri indicated that the government is examining mechanisms to reduce the state of societal tension that has arisen in the wake of the recent irrational increases in prices, especially since some of them came as a surprise to many regulatory agencies, which left citizens in a state of extreme frustration.

Mustafa Bakri continued: The government is taking urgent and rapid measures to eliminate all obstacles that were the cause of obstructing investment, placing obstacles in front of investors, and incorrectly employing regulations and laws, as assignments were issued to the committee in charge of this matter to take immediate measures and submit an urgent report to the President of the Republic with the proposals. And the legislation required to quickly end this problem, in line with the economic strategy of the presidential program during the next six years.

Mustafa Bakri added that the government is working to control the prices of goods, products and services in accordance with the living conditions of Egyptians, and to give free rein to the regulatory agencies to confront this with all force and decisiveness.

Mustafa Bakri went on to say that President Sisi directed the government to increase salaries and grants to all concerned groups, including pensioners, Takaful and Karama owners, employees, and others, in order to compensate them for the high prices, and for this to be done with the utmost speed, which is what we only did last week. Then the Minister of Finance issued, the day before yesterday, A statement confirming the same information.

Mustafa Bakri continued: There is an urgent cabinet reshuffle procedure until a comprehensive change is made, according to which a number of ministers who failed in their assigned tasks in the past period will be removed, and the new ministers will be tasked with restructuring the main positions in their ministries in a way that serves the presidential program and restores balance to the path of this ministry. In this context, the oversight bodies have completed submitting their reports regarding 13-15 ministries proposed for amendment, without waiting for change, especially since the trends in public opinion monitored by the concerned agencies hope for speedy procedures and resolution within the framework of the new presidential period.

Mustafa Bakri noted that in parallel with this, a committee charged with a number of experts concerned with drawing the features and structuring of the national dialogue in its final stage, and the most important recommendations that must be completed and the framework of the dialogue will be structured on the basis of the legitimacy of existence, concluded that there are strong tendencies for the Senate and Representatives to continue to complete Their constitutional term ends in 2025, provided that the next parliamentary elections are held on the basis of the new law that will be presented to the Council of Ministers and then presented to the Senate and House of Representatives for presentation, discussion and issuance, as the strong trend begins towards a mixed law that combines the absolute list and the proportional list as one of the recommendations of the national dialogue. .

According to Mustafa Bakri, there are instructions issued to immediately complete the exits of some sovereign institutions from many projects, and to provide full opportunity for the private sector to invest and increase its share from 22% to 65% in a short period of time.

Mustafa Bakri stated that the features of the comprehensive change plan contain presidential instructions not to agree once more to any conditions for the IMF that would harm citizens and to stop the floatation policy, especially following economists warned that the float might lead to raising the value of the dollar to 52 pounds, which is unacceptable. With the government being assigned to provide a free sum of $3 billion to the Central Bank to eliminate the parallel market for the dollar so that the exchange rate declines without resorting to the floating policy once more.

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