Poverty rises in Egypt

[newcastle]

These figures from CAPMAS make grim reading. The reality may be even worse.

So much for Egypt’s burgeoning economy.

Extracts from the Report :

About 32.5% of the Egyptians are living below the poverty line in 2017/18, compared to 27.8% in 2015, according to the expenditure and income research prepared by the Central Agency for Public Mobilization and Statistics (CAPMAS), Khairat Barakat, chairperson of CAPMAS, announced on Monday.

CAPMAS expenditure and income research showed that the poverty has increased in all regions of Egypt, except in rural areas in Upper Egypt, revealing also that the extreme poverty has also returned back recording 6.2% among the Egyptians.

“Seven out of 10 poorest governorates in Egypt, are located in Upper Egypt, topped by Assiut recording the highest poverty rates of 66.7% among its population,” according to Barakat.

“Sohag ranked second by 59.6%, followed by Luxor by 55.3%, Minya by 54%, New Valley by 52.6%, and Matrouh by 50.1%,” according to CAPMAS.

CAPMAS noted that the lowest average family income reached EGP 30,400 in 2017/18, up from EGP 22,500 in 2015, while the highest average family income was EGP 100,300, up from EGP 81,000 in 2015.

In that regard, Barakat stated that each family that consists of two adults needs EGP 1,667 per month to secure its basic needs, while the family that includes two adults and two children needs EGP 2,691 per month, while the family that consists of two adults and three children needs EGP 3.225 per month.

https://dailynewsegypt.com/2019/07/29/3 ... n-poverty/