Egypt's parliament approves economic and social development plan for 2025/26 financial year with target growth rate of 4.5%
Private sector investment is expected to grow to 1.94 trillion Egyptian pounds
The Egyptian parliament has given the green light to the government's economic and social development plan for the 2025/26 financial year, which aims to achieve economic growth of 4.5 per cent. The plan was presented by House of Representatives by Planning Minister Rania Al-Mashat, as reported by Daily News Egypt, a partner of TV BRICS.
Under the new plan, public investment will amount to 1.16 trillion Egyptian pounds (US$22,9 billion), which is more than the expected trillion in the current fiscal year. The government emphasises that this reflects its strategy of rationalising public spending and expanding private sector participation in development.
Private sector investment is projected to grow to 1.94 trillion Egyptian pounds (US$38,44 billion), accounting for 63 per cent of total investment.
Al-Mashat noted that the plan was developed under difficult conditions, exacerbated by regional instability, which requires a flexible approach to planning and constant monitoring of targets.
Photo: iStock-
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