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Tuesday, 18 July 2017

Gov’t to revamp planning methodology, look at three years at a time

The government is working on moving to planning for three years at a time from the current system that just focuses on one year at a time, an advisor to the planning minister told Al Borsa. Planning just one year at a time does not allow for a financial ceiling for multi-year projects and does not give governorates the option to shift funding surpluses and reuse them, he says. The advisor said the government is also working towards implementing a system of management by objectives in a number of ministries and will also use investment funds, including Tahya Misr, to reduce financing shortfalls.

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