{"id":2540,"date":"2011-01-19T11:12:31","date_gmt":"2011-01-19T11:12:31","guid":{"rendered":"https:\/\/wordpress-1226656-4371204.cloudwaysapps.com\/?p=2540"},"modified":"2011-01-19T11:12:31","modified_gmt":"2011-01-19T11:12:31","slug":"seeking-a-new-economic-development-pattern-public-debt-exceeds-safe-limit-denying-the-reality-of-the-economic-and-social-status-is-useless","status":"publish","type":"post","link":"https:\/\/ecesr.org\/en\/seeking-a-new-economic-development-pattern-public-debt-exceeds-safe-limit-denying-the-reality-of-the-economic-and-social-status-is-useless\/","title":{"rendered":"Seeking A New  Economic Development pattern Public Debt Exceeds Safe Limit  Denying The Reality of the Economic and Social Status Is Useless"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"https:\/\/ecesr.org\/contents\/uploads\/2011\/01\/2057611.gif\"><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium wp-image-2541  aligncenter\" title=\"poor\" src=\"https:\/\/ecesr.org\/contents\/uploads\/2011\/01\/2057611-300x294.gif\" alt=\"\" width=\"300\" height=\"294\" \/><\/a><\/p>\n<p style=\"text-align: left;\">On 18\/1\/2011, the pound dropped to its lowest value \u00a0in 6 years w.r.t. to US dollar \u00a0, \u00a05.8211 . The \u00a0government borrowed 124. 1 billion pounds as of 2009\/2010, with an increase of 34. 2 billions as of 2008\/2009.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">The public debt increased significantly at the end of June 2010 to reach<\/p>\n<p style=\"text-align: left;\">810. 5 billion pounds, with an increase of \u00a0105 billion in the same period of the previous year, while the domestic debt is \u00a0773. LE 8 billion, and the total external debt is 143. 1 billion pounds.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">The value of total debt is 79% of the national gross production. As well, \u00a0it is worth noting that these debts do not include the debts of economic bodies as we are unable to estimate due to governmental non-disclosure.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">The Egyptian Center for Economic and Social Rights considers these figures as indicators to the inability of the NDP governments to set real solutions to the\u00a0 economical crises as a result of faulty policies . These\u00a0 policies are tailored for the interests of the rich only . The poor barely gets traces and crumbs.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">They turned the \u00a0Egyptian economy to a loser follower \u00a0of the global economy that bears all \u00a0risks \u00a0without enjoying the benefits. Egypt was affected by the global economic and financial crisis \u00a0yet only the \u00a0poor paid the price.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">We suffer not only the lack of equitable distribution of development returns, not only the monopoly resulting from the alliance of \u00a0authority and money , but we are facing an economic pattern that maximizes the opportunities for corruption. We are facing n inhumane economic pattern that widens and deepens poverty and considers \u00a0the basic rights and needs of citizens as commodities for those who can afford to pay amidst \u00a0low wages, limited employment opportunities ,deterioration of living standards and shallow\u00a0 education that would not help the citizens out from the circles of poverty.<\/p>\n<p style=\"text-align: left;\">This is a rather alarmingly and steady retreat of the economic and social rights for the majority of citizens. As well as the aspirations of the Arab region especially after revolution in Tunisia, and the escalation of public protests to the extent of people burning themselves in an expression of oppression and poverty. Egypt has witnessed \u00a0attempts of three citizens \u00a0to burn themselves before the parliament house leaving one victim.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">Khalid Ali , ECESR manager said ,&#8221;The present moment can not tolerate any\u00a0 partial or temporary solutions to circumvent the basic needs of citizens . As well denial is useless , we need radical changes and adopting of new policies to restore economic and social rights and make social justice, democracy and the eradication of corruption, the main pillars of society&#8221;.<\/p>\n<p style=\"text-align: left;\">In this context, ECESR urges decision makers to open community dialogue with genuine participation of all social and political forces in order to recover from this dangerous and frustrating situation. ECESR requests a response to the\u00a0 demands\u00a0 announced on January 15<sup>th<\/sup> : \u0627\u0644\u0627\u0633\u062a\u0642\u0631\u0627\u0621\u0629 \u0635\u0648\u062a\u064a\u0629 \u0644\u0644\u0643\u0644\u0645\u0627\u062a\u0627\u0644\u0642\u0627\u0645\u0648\u0633 &#8211; <a 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\u0627\u0644\u0642\u0627\u0645\u0648\u0633 \u0627\u0644\u0645\u0641\u0635\u0644<\/a><\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">1 \u2013 Set \u00a0a minimum wage in the community\u00a0 proportional to prices to ensure a decent life for citizens. As a start , EGP 6000 is suggested as a minimum basic wage to be increased according to inflation rates.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">2 &#8211; set a maximum limit of wages a per Article 23 of the Constitution.<br \/>\n3 &#8211; Control prices of essential goods and services.<br \/>\n4 &#8211; stop any increases in \u00a0water, electricity, gas rates and medicines prices, etc. ..<br \/>\n5 &#8211; Overturn the decisions of the Minister of Health and local development on new regulations for educational and public hospitals.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">6 &#8211; Any amendments in the laws of the civil service, health insurance and labor unions should only be effected after community discussion\u00a0 and taking into account the social dimension of the relations of work and the right to health.<br \/>\n7 &#8211; Review of policies and tax laws so as to achieve tax justice.<br \/>\n8 &#8211; Declaration of a clear government plan to reduce unemployment .<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">9 \u2013 Set a monthly unemployment benefit for unemployed equal to the minimum wage.<br \/>\n10 &#8211; Contracting of temporary workers that \u00a0in state administrative sector amounting \u00a0to 450,000 workers and giving them complete rights.<br \/>\n11 &#8211; stop forced displacement of the poor under the pretext of the development of slums.<\/p>\n<p style=\"text-align: left;\">\n12 &#8211; set a maximum limit of land \u00a0seized by companies and businessmen<br \/>\n13 &#8211; stop the emergency state \u00a0and release all detainees.<\/p>\n<p style=\"text-align: left;\">\n<p style=\"text-align: left;\">14 &#8211; Formation of a Constituent Assembly which represents all political and social forces and civil society organizations to develop a new constitution that guarantees freedoms and the establishment of \u00a0\u00a0true democracy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 18\/1\/2011, the pound dropped to its lowest value \u00a0in 6 years w.r.t. to US dollar \u00a0, \u00a05.8211 . The \u00a0government borrowed 124. 1 billion pounds as of 2009\/2010, with an increase of 34. 2 billions as of 2008\/2009. The public debt increased significantly at the end of June 2010 to reach 810. 5 billion &hellip;<\/p>\n","protected":false},"author":11,"featured_media":2541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[845],"tags":[],"coauthors":[],"class_list":["post-2540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Seeking A New Economic Development pattern Public Debt Exceeds Safe Limit Denying The Reality of the Economic and Social Status Is Useless | \u0627\u0644\u0645\u0631\u0643\u0632 \u0627\u0644\u0645\u0635\u0631\u0649 \u0644\u0644\u062d\u0642\u0648\u0642 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0648\u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639\u064a\u0629<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ecesr.org\/en\/seeking-a-new-economic-development-pattern-public-debt-exceeds-safe-limit-denying-the-reality-of-the-economic-and-social-status-is-useless\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seeking A New Economic Development pattern Public Debt Exceeds Safe Limit Denying The Reality of the Economic and Social Status Is Useless | \u0627\u0644\u0645\u0631\u0643\u0632 \u0627\u0644\u0645\u0635\u0631\u0649 \u0644\u0644\u062d\u0642\u0648\u0642 \u0627\u0644\u0627\u0642\u062a\u0635\u0627\u062f\u064a\u0629 \u0648\u0627\u0644\u0627\u062c\u062a\u0645\u0627\u0639\u064a\u0629\" \/>\n<meta property=\"og:description\" content=\"On 18\/1\/2011, the pound dropped to its lowest value \u00a0in 6 years w.r.t. to US dollar \u00a0, \u00a05.8211 . 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