Minister of Planning: The continued recovery of local product growth reflects the positive impact of the corrective policies of the government

& nbsp; Dr. Rania Al -Mashat, Minister of Planning, Economic Development and International Cooperation, affirmed that the continued recovery of GDP growth in the second quarter of the current fiscal year, reflects the positive impact of the corrective policies implemented by the government at the financial and critical level, in addition to the steps to reduce public investments, to consolidate the stability of the macroeconomic and enhance the business environment, driven by structural reforms Which aims to diversify the sources of growth and increase the competitiveness of the Egyptian economy.

& nbsp; Growth & nbsp is 4.3% compared to a rate of 2.3% in the perpetrator of the previous fiscal year, and this growth is due to the Egyptian government adopting clear policies in order to consolidate the stability of the macroeconomic economy along with the governance of investment spending. Tourism, and communications, adding that the government is moving forward towards the transformation of commercial exchange sectors such as manufacturing industries, for a more diverse and sustainable economy, in order to enhance Egypt’s ability to face global economic challenges. The successive, which confirms the effectiveness of policies aimed at empowering the private sector and enhancing its participation in advancing economic growth, and the governance of public investments to make way for local and foreign investments. Petroleum achieved a rate of growth for the third quarter in a row of 17.74% compared to the same period of the previous financial year, in which the activity recorded a decrease rate of 11.56%. The index of the manufacturing industry (without crude oil and petroleum products), as it reached 17.7%during the second quarter of the financial year 2024/2025. & nbsp;

and added that the main sectors stimulating this growth included the auto industry (73.4%), ready -made clothes (61.4%), drinks (58.9%), and textiles (35.3%). Information, growth, reached 10.4%, driven by the expansion of digital infrastructure, and increasing the demand for Internet services. 4.6%, 3.9%, respectively, which reflects the diversity of sources of the growth of the Egyptian economy, which is compatible with the state’s vision of structural diversification of the economy and the advancement rates of development in all sectors. Through the Suez Canal, confirming the decline in the loads and numbers of ships passing through the channel. Next. 0.11 Celsius points, affected by economic policy trends towards the governance and rationalization of public investments, in exchange for increasing private investments, with the aim of enhancing the efficiency of investment spending and stimulating the role of the private sector in advancing economic growth. In order to acquire a percentage exceeding 50% of the total investments, explaining that public investments have achieved a shrinking rate of 25.7%, representing less than 40% of the total investments, as this transformation reflects the prominent changes in the investment structure in Egypt. href =" The Ministry of Planning, Economic Development and International Cooperation, last December, launched the private investment index for the first time since 2020, after reviewing private investment data according to an updated methodology. Within the framework of the state’s commitment to developing the national account system and improving the accuracy of economic indicators. Private investments are expected to play a major role in maintaining this momentum, and creating a favorable environment for long -term growth.

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and