The government intends to stimulate the economy by injecting investments of 933 billion pounds during the 21/2022

The government intends to pump huge investments in the year 21/2022 to move the economy at an accelerated pace, by advancing investment, production and employment in all economic sectors, especially those concerned with developing infrastructure and advancing the human and social development sectors.

 

The volume of public investments in the plan for the year 21/2022 amounted to about 933 billion pounds, an increase of 46%.

 

Chief among them is the commitment to implement presidential mandates, in line with the objectives of "Egypt Vision 2030", and to fulfill the constitutional entitlements of public spending allocations on human development axes, while continuing efforts to contain the Corona virus pandemic, and address its economic and social repercussions. All this within a general framework of completing the implementation of the national economic and social reform program, and supporting low-income social groups, especially those most affected by the repercussions of the Corona pandemic.

 

The 2021/2022 plan is characterized by great interest in the environment and sustainable development sector by addressing the issue of the transition to a green economy by focusing on environmental improvement initiatives, which is one of the development issues that were not previously raised on a large scale and with the desired effectiveness.

 

The Ministry of Planning confirmed in a report that the plan aims to achieve a high GDP growth rate of 5.4%, increase the real GDP per capita by 3.4%, and double the savings rate to about 11.2%, with an increase in the investment rate to 17.6%, and increasing tourism revenues to $6 billion. The plan also aims to reduce the population growth rate to about 2%, reduce the unemployment rate to about 7.3%, reduce the poverty rate to 28.5%, reduce the illiteracy rate to about 17.5%, and increase female participation. And the youth in the labor force to narrow the gender and age gap in unemployment rates. The sectoral distribution of the estimated production for the year of the plan shows that the fast-growing sectors include restaurants, hotels, communications, construction, petroleum, the Suez Canal, and health and educational services.