Egypt’s Gov’t reveals public investments acquire largest share thanks to national projects

CAIRO – 10 July 2022: The economic and social development plan for the new fiscal year 2022/2023, submitted by the Minister of Planning, Dr. Hala Al-Saeed, revealed that public investments acquired the largest share of 78.6 percent, distributed among the authorities, and the private sector obtained the remaining 21.4 percent of the total directed investments.

The total investments are distributed according to the concerned authorities, which are represented in the government apparatus, public economic authorities, companies affiliated with the public business sector, central investments and private sector investments.

It is indicated that government investments include (investments of the state administrative apparatus, investments of local administration, investments of public service bodies).

According to the development plan, the investments of economic bodies registered are about 410.9 billion pounds, bringing their relative importance in the total investment structure to 29.4 percent, and the government sector comes in second place with a total of targeted investments estimated at 376.4 billion pounds, with a relative importance of 26.9 percent.

The private sector allocates investments estimated at about 300 billion pounds, or 21.4 percent of the total investments of the plan, as previously mentioned, to come in third place, in addition to the central investments, which are estimated at 237 billion pounds, or 16.9 percent, while public sector investments are estimated at 75. 7 billion pounds, or 5.4 percent.