Cairo - Mubasher: The Egyptian Cabinet approved the economic and social development plan for fiscal year (FY) 2026/2027, targeting total investments of EGP 3.80 trillion.
Public investments represent EGP 1.50 trillion or 41% of the total amount, while the private investments are set at EGP 2.20 trillion that accounts for 59%, according to an official statement.
The public allocations are distributed as EGP 500 billion for government entities (36%), EGP 750 billion for public economic authorities (47%), and EGP 250 billion for state-owned companies (17%).
Ahmed Rostom, Minister of Planning and Economic Development, said that, through the plan, Egypt seeks to formulate an economic program that enhances the economy’s ability to absorb crises and address challenges.
The plan targets GDP growth rate of 5.40% in FY26/27 and 6.80% by FY29/30, with five key sectors expected to contribute around 64% of the projected economic growth.
Rostom said human development investments make up about 48% of public treasury funding. This includes 1,304 education projects and 623 health projects to complete phase one of the Universal Health Insurance Authority (UHIA) and sustainably upgrade hospitals and ambulance services.
The plan also includes the implementation of 319 projects in youth and sports services and 3,447 projects across the governorates.
Moreover, this plan introduces initiatives to grow labor-intensive clusters, support startups, and attract private investment in infrastructure through public-private partnerships, fostering inclusive and sustainable growth.
