According to the annual financial indicators report for public sector companies, excluding banks and insurance firms, published by the Central Agency for Public Mobilization and Statistics (CAPMAS), the value of fixed assets surged to EGP 1.06 trillion in FY 2023/2024, marking a 22.8% increase from EGP 871.3 billion in FY 2022/2023.
Wages for public sector employees in Egypt increased by 11.6% in FY2023/2024, reaching approximately EGP 43.3 billion, compared to EGP 38.8 billion in FY 2022/2023.
According to the annual financial indicators report for public sector companies, excluding banks and insurance firms, published by the Central Agency for Public Mobilization and Statistics (CAPMAS), the value of fixed assets surged to EGP 1.06 trillion in FY 2023/2024, marking a 22.8% increase from EGP 871.3 billion in FY 2022/2023.
The total value of projects under construction in the public business sector reached EGP 142.4 billion in FY 2023/2024, up 43.5% from EGP 99.3 billion in the previous fiscal year.
Additionally, net invested capital amounted to EGP 1.09 trillion in FY 2023/2024, reflecting a 27.4% increase from EGP 860.8 billion in FY 2022/2023.
In the public sector, the value of ongoing projects stood at EGP 65.3 billion in FY 2023/2024, up by 32.7% from EGP 49.2 billion in FY 2022/2023.
Meanwhile, net invested capital reached EGP 282.3 billion in FY 2023/2024, marking a 43.8% increase from EGP 196.4 billion in FY 2022/2023.
