Egypt’s Prime Minister Moustafa Madbouli, and Minister of Planning, Economic Development, and International Co-operation, Rania al-Mashat, reviewed on monday the governance efforts of public investments for the 2024–2025 fiscal year.
The meeting was attended by Counselor Mohamed al-Faisal, Head of the Central Auditing Organisation (CAO), along with several officials.
As the meeting started, Premier Madbouli stressed the importance of government entities adhering to the financial ceiling for total public investments, in line with Cabinet Decisions No. 739 of 2024 and No. 2047 of 2025, which established a committee to govern public investments and set financial limits.
For her part, Minister al-Mashat affirmed that public investment governance has become a key tool to address economic challenges, including reducing inflation and lowering debt levels, while also opening the way for private investment.
She presented a report summarising public investment governance efforts for FY 2024–2025.
The government identified the companies covered by Cabinet Decision No. 739 of 2024 by collecting data on targeted investment allocations for the 2024–2025 budgets of all state-owned enterprises, ministries, agencies, institutions, or companies in which the state holds more than 50 per cent of capital, she noted.
The Ministry of Planning, Economic Development, and International Co-operation designed a “Public enterprises monitoring component” within the integrated planning and follow-up system, enabling representatives of public companies to access investment data screens for both targeted and implemented investments.
She also highlighted that the ministry organised a training programme for relevant stakeholders on how to input public enterprise investment data into the system, with clear and precise definitions of executed public investments.
The ministry continues to regularly audit data with the concerned bodies and update the corporate structure, she further said.
Al-Mashat affirmed that the public investment governance decision enabled the ministry to play an active role in consolidating investment figures across all state-owned companies and institutions.
This improved the accuracy of public investment data and positively impacted the management of expenditure in the GDP, which reflects both public and private investments as well as government spending, she explained.
