The economic and social development plan for the fiscal year 2012/2013 has started with 16.5 percent more than that of the year 2011/2012 which was EGP 237 billion.

The present economic and social development plan is seeking to increase per capita income to EGP 19,400 said Planning and International Cooperation Minister Dr. Ashraf Al-Arabi.

He added that the present plan which was completed in the time of former Prime Minister Dr. Kamal Al-Ganzouri is meeting the needs of the society.

Almost EGP 55.6 billion would be pumped into government investments scoring 20 percent more of total investments and that EGP 16.9 billion in investments would be given to economic institutions scoring six percent of total investments.

This ends up with EGP 107 billion as government investments with increment of 39 percent.

Investments of the private sector put at EGP 169 billion with 61.2 percent more of total investments while national saving is expected to go up to EGP 267 billion against EGP 225 billion in FY 2010/2011.

The plan aims at providing 900,000 job opportunities to limit down unemployment by 9.9 percent.