The general plan 20/21/2022 aims to make a major boom in total investments: Planning Minister

Dr. Hala El-Said, Minister of Planning and Economic Development, delivered today before the House of Representatives a statement of the draft sustainable development plan for the fiscal year 2021/2022, and the main features of the plan’s document in its fourth and last year of the medium-term plan for sustainable development 9/20/1822.
El-Said asserted that the year 21/2022 plan designed to bring about a boom in total investments compared to previous years, as it is the first time exceed investments estimated one trillion pounds, to reach about 1.25 trillion pounds with the government's intention to pump huge investment package incentive to move The economy at an accelerating pace and pushing the wheel of production and employment in all sectors.







El-Said highlighted that the estimated investments of this year exceed the last one by about 51%, a rate of unprecedented increase, which made the investment spending the main source of growth in the year of the plan, with a contribution of 78% in the targeted growth, and surpassing the growth by (17%).
On the sectorial distribution of investment level, El-Said referred to take into account the plan to achieve a balanced structure through addressing 38% of the total investment to the commodity sectors of agriculture, industry, energy, construction, and building, and 35% to the productive sectors of services, storage, trade wholesale, and retail transfer, and 27% to the sectors of social services, education and health services.El-Said added that public investments represented the largest part of it (75%), amounting to about EGP 933 billion, adding that it is targeted to allocate about EGP 358 billion as investments for the government apparatus, EGP 269 billion for the economic bodies.
El-Said added that the methodology for preparing the plan was based for the first time on a set of guidelines, including the “Environmental Sustainability” guide and the “Gender Responsive Planning” guide, to lead all parties towards implementing green projects and another one that takes into account the rights of women, children and people with special needs
El-Said added that the plan asserts the necessity of rationalizing the aspects of investment spending through the application of the system of programs and performance, in a way that allows the identification of the actual achievements by comparison.




She explained that the plan highlighted the general trends of investments that are needed to maximize the return on economic and social ones to include strict adherence to the implementation of the mandates and initiatives of political leadership in all areas of development, and compatibility with the targets of the national agenda for achieving sustainable development in the framework of Egypt's Vision 2030.


El-Said added that the trends also included giving priority to the settlement of projects and directing the financial allocations to the governorates most in need within the framework of the programs and initiatives that are presented, such as the initiative to protect life as a result of the future.