El-Said an increase in the per capita share of public investments by an increase of 44% in 2021/2022

During its discussion of the main features of the 2022/21 plan of the medium-term sustainable development plan (2019/18 - 2022/21) in the Senate:
Dr. Hala El-Said, Minister of Planning and Economic Development, discussed today the main features of the 2022/21 plan of the medium-term sustainable development plan (2019/18 - 2022/21) at the Senate Financial, Economic and Investment Affairs Committee.Dr. Hala El-Said, Minister of Planning and Economic Development, pointed out the positive contribution from all sources of economic growth, in addition to the pioneering role of investment in pushing the wheel of growth in the year of the plan.El-Said explained that the expectations revolve around that 77: 78% of the growth will come from investment and about 17% from consumption and consumer spending, and about the domestic product at current prices and constant prices, El-Said clarified that it is expected to achieve 7.1 trillion pounds in a gross domestic product at current prices in the year of the plan (2021/2022), a growth rate of 12%, and 4.3 trillion in constant prices, a growth rate of 5.4%.Regarding the most prominent sectors that achieve growth, El-Said pointed to the tourism sector, explaining that it is expected to achieve 23.6% growth in the tourism and hotels sector and that the telecommunications sector is expected to continue to grow, as it is intended to maintain growth at 16% and increase its percentage of output, which represents 2.8% and is targeted in the medium-term plan over the coming years, to reach 5%, and the target for construction and building is 8.1%.El-Said explained that seven sectors contribute about 67% of the targeted economic growth in 2022/21, which are the sectors of communications, agriculture, real estate activities, wholesale and retail trade, manufacturing, construction, construction, and petroleum refining.On the investments of the 2021/2022 plan, El-Said stressed that there is a boom in investments, as, for the first time, investments exceeded one trillion pounds to reach 1,250 trillion pounds, an increase of 51%, explaining that the rate of investment will reach the point of 17.6%.El-Said explained that the total investments include public investments at a rate of 75%, with total investments worth EGP 933 billion, a growth rate of 46%, and private investments by 25%, a value of EGP 317 billion, a growth rate of 67%, pointing to an increase in government sector investments by 21% and an 83% increase. In investments by economic bodies and public companies, and a 50% increase in central investments.
El-Said pointed to an increase in the per capita share of public investments by an increase of 44% in 2021/2022, following up on the sectoral distributions, as she explained that the commodity sectors receive EGP 468 billion, or 37.5% of the total investments, and the productive services sectors have a value of EGP 444 billion. By 35.5%, the investments of the social and human services sectors amounted to EGP 338 billion or 27%.