The implications of political decisions on the economic situation in Egypt

Abstract

During the ten years before the revolution of January 2011, Egypt experienced political and economic conditions. During the period of its rule, the political system tried to issue political decisions that served the system of government and its control without making decisions in favor of the citizen. The economic situation became intolerable. The volume of spending on health and education has declined, unemployment has increased, and politically there has been a falsification of voter turnout and abuse of power by the security forces,

In the Brotherhood, the situation was worse than that of President Hosni Mubarak. Egypt's credit rating fell to low. The decrease in the credit rating means that Egypt's ability to pay its external and internal obligations has decreased. Unemployment indicators rose to 13.5% and poverty rates in Egypt rose to 25.5% in 2013 after official indicators showed that the poverty rate in Egypt was 23.5% During 2012. The volume of inflation rose to more than 17.5%, and the value of the local currency (Egyptian pound) declined and lost more than 18%.

As for the economic situation under the current regime, there has been a quantum leap in the volume of national projects, which has influenced a series of positive political decisions. These include the establishment of the new Suez Canal, low-income housing projects and electricity sector restructuring projects, which gave a huge economic boost that led to the appreciation of the Egyptian pound against other foreign currencies