Sunday 18/May/2025 – 08:30 am
The Senate will resume today, Sunday, the report of the Financial and Economic Affairs Committee on a draft law to adopt the social and economic development plan for the fiscal year 2026/2025.
Details of the social and economic development plan
The report of the committee to be discussed today reveals that the 2026/2025 plan came under exceptional circumstances and unprecedented challenges at the global and local levels, which necessitated the government’s adoption of proactive policies and measures to deal with successive crises, with a focus on advancing comprehensive growth and sustainable development.
The plan was based on several major pillars, including the constitutional entitlements related to spending on health, education and scientific research, the application of the state’s general planning law, the commitment to the goals of the national human rights strategy, and the consensus with the targets of the sustainable development strategy within the framework of Egypt Vision 2030.
The plan aims to achieve sustainable development in its three economic, social and environmental dimensions, with a focus on improving the quality of citizens ’life, providing social welfare requirements for the less fortunate groups, reducing the gap between provinces and regions, and facing climate challenges.
The report included a detailed presentation of global challenges and its repercussions on the economy, the pillars of the plan and its targets, the overall image of the plan indicators, the sectoral image and spatial development, in addition to the results, recommendations and proposals.
According to the report, the plan aims in the field of economic development, to achieve a high rate of growth for the real gross domestic product to record 4.5% in the year 25/26, and to continue its gradual escalation to reach 6% at the end of the medium -term plan in 28/29, increasing the per capita per capita from the real GDP at a rate of approximately 3% in the year 25/26, and to reach about 4.5% in 28/29.
The plan also aims to increase the absorptive capacity of the labor market to allow the provision of about 900 thousand new job opportunities – as an annual average – during the plan years, with the decrease in the unemployment rate to record about 6.2%by the end of the medium -term plan.
In addition to increasing the savings rate from about 8.1% in 25/26, to reach 15.5% at the end of the plan in 28/29, in addition to raising the investment rate from about 15% of GDP in 24/25, to 17.1% in the first year of the plan (25/26), then to reach 19.3% in the last year of the plan in 28/29.
The plan also aims to increase the contribution of the private sector to economic activity, bringing the percentage of private sector investments to about 63% of the fixed total investments targeted in 25/26, and gradually escalating to record about 68% of the total in the last year of the medium -term plan.
