Government Investments
Maait said in a statement Thursday that the total government investments that were implemented during the last fiscal year amounted to LE 289 billion, in a way that helps speed up the implementation of the goals of Egypt's Vision 2030.
This came during a meeting of the Egyptian Cabinet headed by Mostafa Madbouly, in which the Minister of Planning reviewed the performance indicators of the Egyptian economy during the second quarter and first half of the current fiscal year 2020-2021.
The total investments of budget agencies hiked to LE 102 billion during the period from July to the end of last December, compared to LE 64 billion in the same period of previous fiscal year.
The growth rate in Egypt is the highest in most emerging countries, which reflects the success of the Egyptian government in dealing with the repercussions of the coronavirus pandemic in a balanced and sound manner.
Saeed clarified that this amount is 20 percent higher than the allocations of last fiscal year.
