Dr. Rania Al-Mashat, Minister of Planning, Economic
Development, and International Cooperation, emphasized that maintaining
macroeconomic stability requires disciplined fiscal and monetary policies. She
explained that rationalizing public spending, expanding the tax base, and
improving resource allocation efficiency will make fiscal policy
growth-oriented and strengthen partnerships with the private sector.
The minister highlighted the importance of public investment
governance to ensure capital spending is directed toward development
priorities. Dr. Al-Mashat added that this approach also creates space for
private sector investment. She noted that the government has approved General
Planning Law No. 18 of 2022 and Unified Public Finance Law No. 6 of 2022 to
strengthen strategic planning and link development policies to the budget in a
more integrated and transparent manner.
The government is working to align the sustainable
development plan with the medium-term budget framework through FY 2028/2029.
Dr. Al-Mashat said this ensures efficient resource allocation. Integrated
coordination between the Ministries of Planning and Finance is ongoing to
implement this alignment.
The ministry plans to implement more than 100 structural
reform measures. These include restructuring economic authorities, preparing a
consolidated final government account, applying participatory budgeting in
three governorates, issuing a medium-term fiscal strategy, releasing a
procedural guide for program and performance budgeting, updating the debt
management strategy, expanding statistical reports on public debt, simplifying
the tax system for small and medium-sized enterprises, and rolling out an
electronic tax platform. Periodic reports will monitor public investments,
national employment strategies, and the integration of the informal sector.
The National Economic Development Narrative was launched on
September 7 under the patronage of Prime Minister Dr. Moustafa Madbouly. The
framework integrates the government’s work program with Egypt Vision 2030. It
focuses on consolidating macroeconomic stability, enhancing private sector
participation, leveraging advanced infrastructure, and directing efforts toward
the most productive and export-oriented sectors.
The ministry also initiated community dialogue sessions and
the “Share Your Opinion on the Narrative” campaign. Specialists, development
partners, and the private sector were invited to provide feedback on the
narrative’s chapters. This process enhances transparency and ensures that
policies align with national development priorities.