Government Aims to Increase Investments to EGP 1.65 Trillion in 2023/24 Development Plan

The state's economic and social development plan for the fiscal year 2023/2024 aims to increase total investments to reach EGP 1.65 trillion.

The volume of targeted investments came within the framework of the state's endeavor to engage the private sector in accelerating economic growth and revitalizing markets.

Next year's plan adopts ambitious targets for private investments to reach about EGP 600 billion in 2024. / 2023, at a rate of about 36% of the total targeted investments, compared to an expected rate in 2022/2023 within the range of 31%, and an actual rate of 29% in 2021/2022.

Public investments are estimated at 1050 billion pounds, or 64% of the total investments, and about 587 billion pounds, or 56%, pertains to the government apparatus, 384 billion pounds, or 37%, to economic agencies, and public companies 79 billion pounds, or 7%. The committee studied in detail what was included in the plan.

Economic and social development plan for the year 2023/2024, and its investment directions, which include maximizing the effectiveness of investments in achieving the desired goals with high efficiency.