Egypt’s House of Representatives has given final approval to the country’s economic and social development plan for fiscal year 2026/2027, alongside the state budget and medium-term framework through 2029/2030.
Planning and Economic Development Minister Ahmed Rostom said the plan prioritizes improving public services and aims to raise Egypt’s GDP to 24.5 trillion pounds. He stressed strict monitoring of every pound spent, with digital links to the Finance Ministry and the National Investment Bank to ensure projects enter service immediately after completion.
The plan allocates a 39.5% increase in health spending and a 25% rise in education funding, described as essential investments in human development. Local development allocations will also rise to 39 billion pounds, ensuring resources reach governorates directly.
Rostom confirmed that 425 billion pounds have already been spent on the first phase of the “Decent Life” initiative, benefiting 18% of Egypt’s population. The second phase will target 1,667 villages across 52 centers, serving 21.4 million citizens.
