Egyptian Prime Minister Moustafa Madbouly met on Monday with Planning, Economic Development and International Cooperation Minister Rania Al-Mashat to assess progress on tightening governance of public investments in the 2024/25 fiscal year, the Cabinet said. Madbouly stressed the need for government entities to adhere to the investment ceilings, as set by Cabinet Decrees No. 739 of 2024 and No. 2047 of 2025, which also created a committee to oversee spending and compliance. Al-Mashat said stronger governance of public investments was key to easing economic pressures, including reducing inflation and lowering debt levels, while creating more space for private sector involvement. She presented a report detailing measures taken this year, including compiling data on targeted investment allocations for state-owned companies and other public entities. The ministry also introduced a monitoring tool within the integrated planning system for recording investment targets and outcomes. Al-Mashat said a training programme was launched to improve data accuracy and standardise definitions of public investments, while auditing and company structure updates are continuing, the statement added. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
