Latest in Tag: public investments Highlight
Latest in Tag: public investments
Total public investments in FY 2021/22 amount to about EGP 358.1bn, says Finance Minister
Strict commitment to implementing mandates, initiatives of political leadership, says Hala El-Said
Egypt’s inflation decreased to lowest level in 14 years of 5.7% in FY 2019/20, whilst poverty rate down for first time since 1999, says Hala El-Said
Latest data on Egypt’s income, spending affirms success of country’s poverty reduction policies, says Hala El-Said
Public funds of EGP 1.5bn allocated to housing projects in New Valley governorate in 2020/21 plan: Minister of Planning Hala El-Said
In a Saturday press statement, Minister of Planning and Economic Development Hala El-Said revealed that these funds will be directed into 222 projects in north-eastern Ismailia, representing 2.8% of Egypt’s total public investments.
In a ministerial statement on Thursday, she pointed out that the government allocated EGP 47bn in public investments to Upper Egypt in FY 2020/21, which constitutes 25% of the total government investments, with 50% increase over the 2019/20 plan.
El-Said’s remarks came during a speech she delivered, on PM Mostafa Madbouly’s behalf, at the opening of the second Egypt Economic Summit.
EGP 580.5m worth of funding directed to Decent Life Initiative in governorate
This comes within the “Citizen Investment Plan” released by the ministry for Sohag governorate. El-Said said that the plan aims to provide detailed information on investments directed by the state to each governorate.
Housing and development of informal settlements account for EGP 1.1bn, or 38.5%, of Luxor’s total investments in 2020/21, says Planning Minister
Sustainable development plans for FY21 are affected by Covid-19, says Planning Minister