31.3% of Egypt’s 2022 budget goes to economic development: Finance Minister

31.3% of Egypt’s 2022 budget goes to economic development: Finance Minister

Egypt's Minister of Finance Mohamed Maait has confirmed that31.3% of the country's programme and performance budget allocations for fiscal year (FY) 2021/22 have been allocated to achieving economic development. This will also go towards raising the efficiency of government performance. Meanwhile, 30.6% of the next budget allocations were allocated to projects improving citizen living standards, and 27.3% for building Egypt's human capital. Maait said that that there are efforts in place to link ministry and agency programmes with government goals. This is one of the economic reform tools that is being implemented as part of Egypt's Vision 2030, along with the efforts to achieve sustainable development in its various economic, social, and environmental dimensions. The minister's remarks came as the first volume of the budget for programmes and performance for FY 2021/22 was issued. He noted that 82% of budget authorities and 69% of economic authorities have committed to presenting their budgets for the next fiscal year, in accordance with programmes and performance. Maait explained that 1,800 representatives of budgetary authorities have been raised, as part of the National Programme for Building Staff Capabilities and Qualifications, to use the standard form for preparing programme and performance budgets. This includes preparing