{"id":585042,"date":"2023-04-10T00:00:00","date_gmt":"2023-04-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/senate-receives-fy-2023-24-development-plan-discusses-recycling\/"},"modified":"2023-04-10T00:00:00","modified_gmt":"2023-04-10T00:00:00","slug":"senate-receives-fy-2023-24-development-plan-discusses-recycling","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/senate-receives-fy-2023-24-development-plan-discusses-recycling\/","title":{"rendered":"Senate receives FY 2023-24 development plan, discusses recycling"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"><\/span><span style=\"font-weight:700\">Yesterday at the Senate: <\/span><span style=\"\">The Senate\u2019s <\/span><span style=\"\">Economic and Financial Affairs Committee was <\/span><span>sent <\/span><span>the draft socioeconomic development plan <\/span><span>for the upcomin<\/span><span style=\"font-weight:400;\">g fiscal year 2023-2024. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Development priorities next fiscal year: <\/span><span style=\"\">Finishing development projects that are already at least 70% complete; health and education projects in rural areas under the Decent Life initiative; and existing private-sector funded development projects, Planning Minister Hala El Said told cabinet last week. Some EGP 587 bn of public money will be invested in development projects in FY 2023-2024, <\/span><span style=\"\">up more than half on last year\u2019s figure,<\/span><span style=\"font-weight:400;\"> Finance Minister Mohamed Maait said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Socioeconomic development plan? <\/span><span style=\"font-weight:400;\">The plan is drawn up by the Planning Ministry in tandem with the Finance Ministry\u2019s annual budget. It needs approval from both the Senate and the House of Representatives, while the budget only needs approval from the House. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What\u2019s next: <\/span><span style=\"font-weight:400;\">The committee will discuss and prepare a report on the development plan. El Said will deliver her statement on the plan to the Senate when it reconvenes after Eid al-Fitr, and it will then go up for a final vote. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ALSO- Environment Minister Yasmine Fouad was in the Senate yesterday<\/span><span style=\"font-weight:400;\"> to talk about incentives the ministry is providing to the private sector to boost waste recycling and encourage a more circular economy. Some 216 waste recycling projects worth EGP 8.5 bn are now in operation in the country, Deputy Local Development Minister Mahmoud Qassem told senators. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gov\u2019t to increase development spending by more than half<\/p>\n","protected":false},"author":1,"featured_media":585043,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7344],"tags":[279,72,453,187,678,451,392],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-585042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-watch","tag-budget-watch","tag-enterpriseam","tag-environment-ministry","tag-legislation-watch","tag-planning-ministry","tag-recycling","tag-senate","wpautop","entry"],"acf":{"mongo_id":"3592c0bc-4910-4bbc-931b-447d278a6f50","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/4\/393.jpg","photo_position":"below","homepage_title":"Senate receives FY 2023-24 development plan","full_issue_title":"Egypt\u2019s Senate receives FY 2023-24 development plan, discusses recycling","related_issue":[585035],"teaser":"Gov\u2019t to increase development spending by more than half","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/4\/.7bc3e523-2d32-41ed-b557-b5602e0eb429.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Senate receives FY 2023-24 development plan, discusses recycling - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/04\/10\/senate-receives-fy-2023-24-development-plan-discusses-recycling\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" 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