Sisi ratifies Egypt’s sustainable development plan for 20/21 – Egypttoday

Sisi ratifies Egypt’s sustainable development plan for 20/21 – Egypttoday

President Abdel Fatah al-Sisi- KHALED DESOUKI/AFP/Getty Images





CAIRO - 8 July 2020: President Abdel Fatah al-Sisi ratified Law No. 84 of 2020 for the current fiscal year, which marks the third year of the medium-term sustainable development plan (2018/2019 to 2021/2022).

The law stipulated the approval of the general objectives of the framework of the economic and social development plan for the year 2020/2021 by increasing the total resources valued at current market prices to LE 8036.7 billion, and increasing the gross domestic product divided by the current market prices to reach LE 6831.7 billion, at a real growth rate (denoted by constant prices) of 3.5 percent.

The law was published in the Official Gazette.

In June, the Egyptian parliament approved the general report of the plan and budget committee on the draft of the third year plan (2020/2021) of the medium-term sustainable development plan (2018-2019-2021-2022), the state's general budget project, budgets of the public economic bodies, and the budget of the National Military Production Authority for the fiscal year 2020/2021.

Minister of Planning and Economic Development, Hala Al-Saeed, said earlier that there is general agreement that the 2020/2021 plan is an exceptional plan that differs from others in its directions, goals and priorities, in light of the conditions of exposure