The Financial, Economic and Investment Affairs Committee of the Egyptian Senate, chaired by Senator Ahmed Abou Hashima, approved the draft law on the Economic and Social Development Plan for fiscal year 2026/2027, as well as the medium-term plan for 2027/2028 to 2029/2030, at the conclusion of its intensive meetings to discuss the provisions of the draft law.

Today’s meeting witnessed the continuation of constructive dialogue with government representatives, who provided comprehensive responses to the questions raised by committee members regarding the key features of the plan and the priorities of investment spending.

The discussions focused on ensuring that development targets are aligned with current economic developments, in a manner that supports the national economy and advances sustainable development.

Following the completion of discussions on all technical details, Senator Ahmed Abou Hashima announced that the articles of the draft law would be put to a vote. The committee approved the draft law, paving the way for the final report to be submitted to the Senate’s plenary session.

At the conclusion of the meeting, Senator Ahmed Abou Hashima affirmed that the committee’s approval came after a thorough and extensive review to ensure that the plan translates the state’s ambitions into tangible reality. He also praised the fruitful cooperation with the government in responding to senators’ inquiries, in a manner that serves the higher interests of the nation and its citizens.