The IDSC, in a statement Sunday, said it had contacted the Finance Ministry to verify the news.
That is equivalent to LE 73.8 billion.
Maait said in a statement Thursday that state revenues grew at an annual growth rate of 12.2 percent during the last fiscal year, with an increase of LE 119 billion, and expenditures increased by 9 percent.
Maait also noted Expenditures also rose by 9 percent, in addition to achieving a primary surplus in the budget of about 93.1 billion pounds, or 1.4 percent of GDP, while reducing the total deficit from 8 percent to 7.4 percent.
Addressing the Senate, the minister added that the performance-based budget would be fully implemented within four years.
The law was published in the Official Gazette in its Sunday issue.
It is noted that roads are one of five main utilities the government is upgrading and expanding across the country.
The House of Representatives approved the 2021/2022 budget on Monday with the first chapter of wages and compensation was given an allocation of L.E. 921.9 million.
The health sector in 2021/2022 is expected to have a budget 16.27 percent higher than that of the year before, highlighting Egypt’s keenness on improving health conditions for patients and staff.
The pandemic is expected to be contained by mid-2021 as a result of discovering vaccines and making them available.
Public investments in FY2021/2022 are estimated to hit LE1.2 trillion.
The upper chamber of parliament gave its final approval on Sunday after over a 4-hour session to debate the bill in the presence of Planning and Economic Development Minister Hala el Saeed.
El-Said pointed out that the Egyptian state adopted the National Program for Economic and Social Reform, which resulted in an escalation of economic growth rates to 5.6 percent in 18/2019 and during the first half of 19/2020.
IMPROVING CITIZENS' LIFE IS THE MOST IMPORTANT GOAL OF EGYPT'S SOCIAL AND ECONOMIC PLAN: PLANNING MINISTER
The parliamentary health committee recommended supporting the Ambulance Authority with an additional L.E.220 million in the 2021/2022 budget in a Wednesday meeting.
The Ordinary General Assembly of Egypt Aluminum Company approved the draft estimated budget for the current activity for the fiscal year 2021-2022, with a net profit of LE 138.39 million.
The official elaborated that 94 percent of beneficiaries live in Upper Egypt.
Subsidized drugs include insulin among others.
Egypt’s sustainable development plan for the fiscal year 2021-2022 has allocated L.E. 200 billion for the social initiative “Haya Karima.”
This came during the Finance Minister's presentation of the financial statement on the draft state budget for the fiscal year 2021/2022, before the plenary session of the House of Representatives, on Sunday, headed by Counselor Hanafy Gabali.