Egypt’s parliament has summoned the finance minister over the proposed development programme submitted by the cabinet in March.

The development plan has not been released to the public as it awaits approval from parliament.

It is understood that parliament is unlikely to reject the programme, but sources close to the programme have told MEED parliament requires details regarding the funding of the two-year development plan.

The government also submitted the draft state budget for the fiscal year 2016/17 to parliament in late March, as the constitution stipulates it has to be delivered 90 days before the end of the current financial year.

Cairo targets a budget deficit of 9.9 per cent by the end of the new financial year, reaching about $36bn.