Egypt's President Abdel-Fattah El-Sisi approved on Monday Law 27/2020 to add EGP 10 billion to the state budget for the current fiscal year 2019-2020 to ease the repercussions of the coronavirus on the country and stimulate the economy, Al-Ahram Arabic news website reported. The new allocation, which parliament approved last month, is part of an emergency plan estimated at EGP 100 billion the president agreed to on 14 March to mitigate the economic impact of the coronavirus in Egypt, Mohamed Maait, minister of finance, told parliament earlier. The law is meant to help day and seasonal labourers negatively affected by the precautionary measures taken to contain the coronavirus, and to support productive sectors, Maait added. The law was published in the official gazette.
