{"id":68297,"date":"2025-05-05T18:17:02","date_gmt":"2025-05-05T15:17:02","guid":{"rendered":"https:\/\/lovin.co\/cairo\/?p=68297"},"modified":"2025-05-05T18:17:02","modified_gmt":"2025-05-05T15:17:02","slug":"122-days-off-a-2-billion-hit-new-parliamentary-proposal-highlighted-the-economic-price-of-too-many-public-holidays","status":"publish","type":"post","link":"https:\/\/lovin.co\/cairo\/en\/news\/122-days-off-a-2-billion-hit-new-parliamentary-proposal-highlighted-the-economic-price-of-too-many-public-holidays\/","title":{"rendered":"122 Days Off… A $2 Billion Hit! New Parliamentary Proposal Highlighted The Economic Price Of Too Many Public Holidays"},"content":{"rendered":"

Public holidays are a time for celebration, relaxation, and spending time with family. However, when those days off pile up, they can come at a hefty cost for a country\u2019s economy.<\/p>\n

In Egypt, a new parliamentary proposal is stirring up debate as it highlights the potential economic consequences of having too many official holidays.<\/p>\n

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A member of Egypt’s Planning and Budget Committee has recently raised a bold proposal<\/h2>\n

… it’s time to rethink the number of official holidays in Egypt. The proposal suggests scaling back on these holidays, especially in light of the staggering $2 billion annual hit to the economy that results from too much time off.<\/p>\n

Last April alone, Egypt saw an all-time high of 12 official holidays, on top of the regular weekends (Fridays and Saturdays). Some of the holidays included major celebrations like Labor Day, Sham El-Nessim, Eid El-Fitr, and Sinai Liberation Day.<\/p>\n

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When you break it down, the numbers are eye-opening<\/h2>\n

Egypt\u2019s official calendar includes 122 days off in total, accounting for nearly one-third of the entire year. This means, out of the 365 days in a year, one-third are dedicated to holidays and rest days! This extensive time off, while great for relaxation, raises a valid concern: what is the long-term impact on the economy when so much productivity is lost during these breaks?<\/p>\n

The financial implications of this much time off are hard to ignore<\/h2>\n

As the economy continues to struggle, the proposal highlights the $2 billion annual cost of public holidays. The country could be missing out on critical economic activities, productivity, and overall output by taking so many days off. It’s a difficult balancing act. While holidays are essential for mental health and national celebration, the reality is that these days off might not be sustainable in a world where economic growth is the priority.<\/p>\n

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A post shared by Lovin Cairo | \u0644\u0648\u06a4\u0646 \u0627\u0644\u0642\u0627\u0647\u0631\u0629 (@lovincairo)<\/a><\/p>\n<\/div>\n<\/blockquote>\n