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‫ﺍﻟﻌﺮﺑﻴﺔ‬ ‫ﻣﺼﺮ‬ ‫ﲨﻬﻮﺭﻳﺔ‬
‫ﺍﻟــﻤﺎﻟـــ‬ ‫ﺍﻟﺒﻴـــــﺎﻥ‬‫ﻰ‬
‫ﻋـﻦ‬
‫ﻟﻠﺪﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻣﺔ‬ ‫ﺍﳌﻮﺍﺯﻧﺔ‬ ‫ﻣﺸﺮﻭﻉ‬
‫ﺍﳌﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻨﺔ‬٢٠١٤/٢٠١٥
‫ﻳﻘﺪﻣﻪ‬
‫ﺩﻣﻴﺎﻥ‬ ‫ﻗﺪﺭﻱ‬ ‫ﻫﺎﻧﻲ‬
‫ﺍﳌﺎﻟﻴﺔ‬ ‫ﻭﺯﻳﺮ‬
‫ﺍﻟﻘﺎﻫﺮﺓ‬
‫ﻳﻮﻧﻴﻮ‬٢٠١٤
١
‫ﺃ‬
‫ﳏﺘﻮﻳﺎﺕ‬‫ﺍﻟﺒﻴﺎﻥ‬‫ﺍﳌﺎﱄ‬
‫ﳌ‬‫ﺸﺮﻭﻉ‬‫ﻟﻠﺪﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻣﺔ‬ ‫ﺍﳌﻮﺍﺯﻧﺔ‬
‫ﻟﻠﺴﻨﺔ‬‫ﺍﳌﺎﻟﻴـــﺔ‬٢٠١٤/٢٠١٥
‫ـــــــ‬
‫ﺍﻟ‬ ‫ﺭﻗﻡ‬‫ﺼﻔﺤﺔ‬
‫ﺍﻟﻤﻘﺩﻤﺔ‬
‫ﺍﻟﻔﺼ‬‫ـــ‬‫ﺍﻷﻭل‬ ‫ل‬:‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻻﻁﺎﺭ‬‫ﺍﻟﻤﺎﻟﻴـﺔ‬ ‫ﻟﻠﺴﻨﺔ‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻟﻤﺸﺭﻭﻉ‬
٢٠١٤/٢٠١٥
‫ﹰ‬‫ﻻ‬‫ﺃﻭ‬:-‫ﺍﻷﻫﺩﺍﻑ‬‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻴﺎﺴﺔ‬ ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬
‫ﺜ‬‫ﹰ‬‫ﺎ‬‫ﺎﻨﻴ‬:-‫ﻭﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﻤﺎﻟﻲ‬ ‫ﺍﻟﻤﻭﻗﻑ‬
‫ﹰ‬‫ﺎ‬‫ﺜﺎﻟﺜ‬:-‫ﺍﻟﻤـﺎﻟﻰ‬ ‫ﺍﻟﻌـﺎﻡ‬ ‫ﻤﻭﺍﺯﻨـﺔ‬ ‫ﻟﻤـﺸﺭﻭﻉ‬ ‫ﺍﻟﺭﺌﻴﺴﻴﺔ‬ ‫ﺍﻟﻤﻼﻤﺢ‬
٢٠١٤/٢٠١٥
‫ﺍﻟﻔﺼل‬‫ﺍﻟﺜﺎﻨﻰ‬:‫ﺍﻟﻌﺎﻤـﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨـﺔ‬ ‫ﻤـﺸﺭﻭﻉ‬ ‫ﻭﻤﻭﺍﺭﺩ‬ ‫ﺍﺴﺘﺨﺩﺍﻤﺎﺕ‬ ‫ﺘﻘﺩﻴﺭﺍﺕ‬ ‫ﺃﺴﺱ‬
‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻨﺔ‬ ‫ﻟﻠﺩﻭﻟﺔ‬٢٠١٤/٢٠١٥)‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻟﻠﺘﻘﺴﻴﻡ‬ ‫ﹰ‬‫ﺎ‬‫ﻁﺒﻘ‬(
‫ﺍﻻﺴﺘﺨﺩﺍﻤﺎﺕ‬)‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻹﻨﻔﺎﻕ‬(
‫ﺃ‬-‫ﺍﻟﻤﺼﺭ‬‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﻟﻠﺘﻘﺴﻴﻡ‬ ‫ﹰ‬‫ﺎ‬‫ﻭﻓﻘ‬ ‫ﻭﻓﺎﺕ‬
‫ﺏ‬-‫ﻟﻠﺘﻘﺴﻴﻡ‬ ‫ﹰ‬‫ﺎ‬‫ﻭﻓﻘ‬ ‫ﺍﻟﻤﺼﺭﻭﻓﺎﺕ‬‫ﺍﻟﻭﻅﻴﻔﻲ‬
‫ﹰ‬‫ﺎ‬‫ﺜﺎﻨﻴ‬:-‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻷﺼﻭل‬ ‫ﺤﻴﺎﺯﺓ‬
‫ﹰ‬‫ﺎ‬‫ﺜﺎﻟﺜ‬:-‫ﺴﺩﺍﺩ‬‫ﺃﻗﺴﺎﻁ‬‫ﺍﻟﻘﺭﻭﺽ‬
‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺭﺩ‬
‫ﹰ‬‫ﻻ‬‫ﺃﻭ‬:-‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻹﻴﺭﺍﺩﺍﺕ‬
‫ﹰ‬‫ﺎ‬‫ﺜﺎﻨﻴ‬:-‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻷﺼﻭل‬ ‫ﺤﻴﺎﺯﺓ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﺘﺤﺼﻼﺕ‬
‫ﹰ‬‫ﺎ‬‫ﺜﺎﻟﺜ‬:-‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻷﻭﺭﺍﻕ‬ ‫ﻭﺇﺼﺩﺍﺭ‬ ‫ﺍﻹﻗﺘﺭﺍﺽ‬
‫ﺍ‬‫ﻟﻔﺼل‬‫ﺍﻟﺜﺎﻟﺙ‬:‫ﺍﻟﻤﺎﻟﻴـﺔ‬ ‫ﺍﻟـﺴﻨﺔ‬ ‫ﻤﻭﺍﺯﻨـﺔ‬ ‫ﻟﻤـﺸﺭﻭﻉ‬ ‫ﺍﻷﺴﺎﺴﻴﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﺘﻭﺍﺯﻨﺎﺕ‬
٢٠١٤/٢٠١٥
‫ﹰ‬‫ﻻ‬‫ﺃﻭ‬:-‫ﻟﻠﻤﻭﺍﺯﻨﺔ‬ ‫ﺍﻟﻨﻘﺩﻯ‬ ‫ﺍﻟﻌﺠﺯ‬
‫ﹰ‬‫ﺎ‬‫ﺜﺎﻨﻴ‬:-‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻷﺼﻭل‬ ‫ﺤﻴﺎﺯﺓ‬ ‫ﺼﺎﻓﻰ‬
‫ﹰ‬‫ﺎ‬‫ﺜﺎﻟﺜ‬:-‫ﻟﻠﻤﻭﺍﺯﻨﺔ‬ ‫ﺍﻟﻜﻠﻰ‬ ‫ﺍﻟﻌﺠﺯ‬
‫ﹰ‬‫ﺎ‬‫ﺭﺍﺒﻌ‬:-‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﻟﻠﻤﻭﺍﺯﻨﺔ‬ ‫ﺍﻟﻜﻠﻰ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﺘﻤﻭﻴل‬ ‫ﺇﺠﺭﺍﺀﺍﺕ‬
‫ﹰ‬‫ﺎ‬‫ﺨﺎﻤﺴ‬:-‫ﻤﺭﻜﺯ‬‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﺩﻴﻥ‬‫ﻭﺍﻟﺨﺎﺭﺠﻲ‬
‫ﺍﻟﻔﺼل‬‫ﺍﻟﺭﺍﺒﻊ‬:‫ﺍﻟﻤــﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻨﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﺨــﺯﺍﻨﺔ‬ ‫ﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬
٢٠١٤/٢٠١٥
‫ﺍﻟﻔﺼل‬‫ﺍﻟﺨﺎﻤﺱ‬:‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻟﻬﻴﺌﺎﺕ‬ ‫ﻤﻊ‬ ‫ﺍﻟﻌﻼﻗﺎﺕ‬
‫ﺍﻟﺨﺎﺘﻤﺔ‬
١
١١
١٢
٢٠
٣٤
٥٩
٦٢
٦٥
١١٢
١١٥
١١٧
١١٩
١٢١
١٤٤
١٤٤
١٤٥
١٤٦
١٤٧
١٤٩
١٥١
١٥٣
١٥٧
١٦١
١٦٧
١
‫ﺍﻟﺮﺣﻴﻢ‬ ‫ﺍﻟﺮﲪﻦ‬ ‫ﺍﷲ‬ ‫ﺑﺴﻢ‬
)‫ﺗﻮﻛﻠﺖ‬ ‫ﻋﻠﻴﻪ‬ ‫ﺑﺎﷲ‬ ‫ﺇﻻ‬ ‫ﺗﻮﻓﻴﻘﻲ‬ ‫ﻭﻣﺎ‬ ‫ﺍﺳﺘﻄﻌﺖ‬ ‫ﻣﺎ‬ ‫ﺍﻹﺻﻼﺡ‬ ‫ﺇﻻ‬ ‫ﺃﺭﻳﺪ‬ ‫ﺇﻥ‬
‫ﺃﻧﻴﺐ‬ ‫ﻭﺇﻟﻴﻪ‬(
‫ﺍﻟﻌﻈﻴﻢ‬ ‫ﺍﷲ‬ ‫ﺻﺪﻕ‬
‫ﺍﻟﺴﻴﺪ‬/‫ﺍﻟﻌﺮﺑﻴﺔ‬ ‫ﻣﺼﺮ‬ ‫ﲨﻬﻮﺭﻳﺔ‬ ‫ﺭﺋﻴﺲ‬
‫ﺒﺄﻥ‬ ‫ﺃﺘﺸﺭﻑ‬‫ﺴﻴﺎﺩﺘﻜﻡ‬ ‫ﻋﻠﻰ‬ ‫ﺃﻋﺭﺽ‬‫ﻤـﺸﺭﻭﻉ‬ ‫ﻋـﻥ‬ ‫ﺍﻟﻤـﺎﻟﻲ‬ ‫ﺍﻟﺒﻴﺎﻥ‬
‫ﺍﻟ‬‫ﻤﻭﺍﺯﻨﺔ‬‫ﻟ‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬‫ﺍﻟﺠﺩﻴﺩﺓ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻠﺴﻨﺔ‬٢٠١٤/٢٠١٥‫ﻭﻴﺘﻀ‬‫ﺃﻫﻡ‬ ‫ﻤﻥ‬
‫ﻭﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﺴﻴﺎﺴﺔ‬ ‫ﻤﻼﻤﺢ‬‫ﻟﻠﺒﻼﺩ‬‫ﺨﻼل‬‫ﺍﻟ‬‫ﻅﺭﻑ‬‫ﺍﻟـ‬‫ﻟﻠﻐﺎﻴـﺔ‬ ‫ﺩﻗﻴﻕ‬
‫ﺍﻟﺫﻯ‬‫ﻤﺼﺭ‬ ‫ﺒﻪ‬ ‫ﺘﻤﺭ‬‫ﻭﺍﻻﻗﺘـﺼﺎﺩﻴﺔ‬ ‫ﺍﻟـﺴﻴﺎﺴﻴﺔ‬ ‫ﺍﻷﺼـﻌﺩﺓ‬ ‫ﻤﺨﺘﻠـﻑ‬ ‫ﻋﻠـﻰ‬
‫ﻭﺍﻷﻤﻨﻴﺔ‬ ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬.
‫ﺍﻟﺜﻼﺜـ‬ ‫ﺍﻷﻋـﻭﺍﻡ‬ ‫ﺨﻼل‬ ‫ﺒﺎﻟﻐﺔ‬ ‫ﺘﺤﺩﻴﺎﺕ‬ ‫ﺍﻟﻤﺼﺭﻱ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﻭﺍﺠﻪ‬ ‫ﻓﻘﺩ‬‫ﺔ‬
‫ﺼﺎﺤ‬ ‫ﻭﻤﺎ‬ ‫ﺍﻟﺴﻴﺎﺴﻲ‬ ‫ﺍﻟﺘﺤﻭل‬ ‫ﻤﺭﺤﻠﺔ‬ ‫ﻤﻊ‬ ‫ﹰ‬‫ﺎ‬‫ﺘﺯﺍﻤﻨ‬ ‫ﺍﻟﻤﺎﻀﻴﺔ‬‫ﺒﻬ‬‫ﺎ‬‫ﺼـﻌﻭﺒﺎﺕ‬ ‫ﻤـﻥ‬
‫ﻭﺍﻷﻤﻨﻲ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻟﺠﺎﻨﺒﻴﻥ‬ ‫ﻋﻠﻰ‬‫ﺒﻬ‬ ‫ﺘﺄﺜﺭ‬‫ﻤ‬‫ﻤﺼﺭ‬ ‫ﻓﻲ‬ ‫ﺒﻴﺕ‬ ‫ﻜل‬ ‫ﺸﻙ‬ ‫ﺩﻭﻥ‬ ‫ﺎ‬.
‫ﺃﻥ‬ ‫ﺇﻻ‬‫ﺒﺈﺘﻤﺎﻡ‬ ‫ﺒﺩﺃ‬ ‫ﻭﺍﻋﺩ‬ ‫ﻤﺴﺘﻘﺒل‬ ‫ﺃﻤﺎﻤﻬﺎ‬ ‫ﻤﺼﺭ‬‫ﺍﻟﺩﺴﺘﻭﺭﻴﺔ‬ ‫ﺍﻻﺴﺘﺤﻘﺎﻗﺎﺕ‬
‫ﺍﻟﺴﻴﺎﺴﻲ‬ ‫ﺍﻟﺼﻌﻴﺩ‬ ‫ﻋﻠﻰ‬‫ﻟﻠﺒﻼﺩ‬ ‫ﺠﺩﻴﺩ‬ ‫ﺩﺴﺘﻭﺭ‬ ‫ﺒﺼﺩﻭﺭ‬‫ﺸﻬﺭ‬ ‫ﻓﻲ‬‫ﻴﻨﺎﻴﺭ‬٢٠١٤
‫ﺍﻻﻨﺘﺨﺎﺒﺎﺕ‬ ‫ﺜﻡ‬‫ﺍﻟﺭﺌﺎﺴﻴﺔ‬‫ﺍﻟﻌﺎﻡ‬ ‫ﻨﻔﺱ‬ ‫ﻤﻥ‬ ‫ﻤﺎﻴﻭ‬ ‫ﺸﻬﺭ‬ ‫ﻓﻲ‬،‫ﻭﺇﻨﺘﻬـﺎ‬‫ﺒـﺈﺠﺭﺍﺀ‬ ‫ﺀ‬
‫ﺍﻟ‬ ‫ﺍﻻﻨﺘﺨﺎﺒﺎﺕ‬‫ﺒﺭﻟﻤﺎﻨﻴﺔ‬‫ﺍﷲ‬ ‫ﺒﺈﺫﻥ‬ ‫ﺍﻟﻘﺎﺩﻤﺔ‬ ‫ﺍﻟﻘﻠﻴﻠﺔ‬ ‫ﺍﻷﺸﻬﺭ‬ ‫ﺨﻼل‬،‫ﻋـﻥ‬ ‫ﹰ‬‫ﻼ‬‫ﻓـﻀ‬
‫ﻭ‬ ‫ﺍﻷﻤﻨﻴﺔ‬ ‫ﺍﻷﺤﻭﺍل‬ ‫ﺘﺤﺴﻥ‬‫ﺍﻹ‬‫ﺴﺘﻘﺭﺍﺭ‬‫ﻓﻰ‬ ‫ﺍﻟﻨﺴﺒﻰ‬‫ﺍﻟﺸﺎﺭﻉ‬‫ﺍﻟﻤﺼﺭﻱ‬.‫ﺃﻥ‬ ‫ﻜﻤـﺎ‬
‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﻓﻲ‬ ‫ﺍﻟﺜﻘﺔ‬ ‫ﺒﻨﺎﺀ‬‫ﺘﺤﻘﻴﻕ‬ ‫ﺫﻟﻙ‬ ‫ﻜل‬ ‫ﺒﺠﺎﻨﺏ‬ ‫ﻴﺤﺘﺎﺝ‬ ‫ﹰ‬‫ﺍ‬‫ﻤﺠﺩﺩ‬‫ﺍﺠﺘﻤﺎﻋﻲ‬ ‫ﺴﻼﻡ‬
‫ﺍﻗﺘﺼﺎﺩ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺘﺤﻘﻕ‬ ‫ﺍﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺒﺴﻴﺎﺴﺎﺕ‬ ‫ﻤﺩﻋﻭﻡ‬‫ﻱ‬‫ﻟﺘـﺸﻐﻴل‬ ‫ﺘﻜﻔـﻰ‬
‫ﻭﺘﺩﻋﻡ‬ ‫ﺍﻟﻌﻤل‬ ‫ﻟﺴﻭﻕ‬ ‫ﺍﻟﺠﺩﺩ‬ ‫ﺍﻟﺩﺍﺨﻠﻴﻥ‬‫ﻟﻠﺩﺨﻭل‬ ‫ﺃﻓﻀل‬ ‫ﺘﻭﺯﻴﻊ‬‫ﻭ‬‫ﺍﻟﻤﺘﺎﺤﺔ‬ ‫ﺍﻟﻤﻭﺍﺭﺩ‬
‫ﺍﻟﻤﺠﺘﻤﻊ‬ ‫ﻓﺌﺎﺕ‬ ‫ﻤﺨﺘﻠﻑ‬ ‫ﻋﻠﻰ‬،‫ﺒﺎﻟﺭﻋﺎﻴـﺔ‬ ‫ﺍﻷﻭﻟـﻰ‬ ‫ﻭﺍﻟﻔﺌـﺎﺕ‬ ‫ﺍﻟﻔﻘﺭﺍﺀ‬ ‫ﺨﺎﺼﺔ‬
‫ﻭﺃ‬‫ﺼﺤﺎﺏ‬‫ﺍﻟﺩ‬‫ﺨﻭل‬‫ﺍﻷﺩﻨ‬‫ﺃﺒﻨﺎﺀ‬ ‫ﻤﻥ‬ ‫ﻰ‬‫ﺍﻟﻤﺘﻭﺴﻁﺔ‬ ‫ﺍﻟﻁﺒﻘﺔ‬.
‫ﺍﻟﻤـﺼﺭﻱ‬ ‫ﻟﻠﻤـﻭﺍﻁﻥ‬ ‫ﻜﺎﻤﻠﺔ‬ ‫ﺍﻟﺼﻭﺭﺓ‬ ‫ﻨﻭﻀﺢ‬ ‫ﺃﻥ‬ ‫ﻋﻠﻴﻨﺎ‬ ‫ﻭﺍﺠﺏ‬ ‫ﺃﻨﻪ‬ ‫ﺇﻻ‬
‫ﺤﺘﻰ‬‫ﻴ‬‫ﻁﺒﻴ‬ ‫ﻌﺭﻑ‬‫ﺘﻭﺍﺠﻪ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻟﺘﺤﺩﻴﺎﺕ‬ ‫ﻭﺤﺠﻡ‬ ‫ﻌﺔ‬‫ﺒﻼﺩﻩ‬ ‫ﺍﻗﺘﺼﺎﺩ‬‫ﻫـﺫﻩ‬ ‫ﺨـﻼل‬
‫ﻭ‬ ،‫ﺍﻟﺩﻗﺔ‬ ‫ﺒﺎﻟﻐﺔ‬ ‫ﺍﻟﻤﺭﺤﻠﺔ‬‫ﺍ‬،‫ﺍﻻﻨﻁـﻼﻕ‬ ‫ﻟﻨﻘﻁﺔ‬ ‫ﹰ‬‫ﻻ‬‫ﻭﺼﻭ‬ ‫ﻤﻌﻬﺎ‬ ‫ﺍﻟﺘﻌﺎﻤل‬ ‫ﺴﺘﺭﺍﺘﻴﺠﻴﺔ‬
‫ﻭﻫﻭ‬‫ﻤﺎ‬‫ﻤﻥ‬ ‫ﻴﺘﻁﻠﺏ‬‫ﺍﻟ‬‫ﺠﻤﻴﻊ‬‫ﺍﺴﺘﺜﻨﺎﺀ‬ ‫ﺩﻭﻥ‬‫ﻗﻴﻤـﺔ‬ ‫ﺘﻘـﺩﻴﺱ‬ ‫ﺒـل‬ ‫ﺍﻟﺠﺎﺩ‬ ‫ﺍﻟﻌﻤل‬
‫ﺼﻐﺭ‬ ‫ﺃﻭ‬ ‫ﻟﻜﺒﺭ‬ ‫ﺍﻟﻨﻅﺭ‬ ‫ﺩﻭﻥ‬ ‫ﺍﻟﻌﻤل‬‫ﺍﻟﻤﻬﺎﻡ‬‫ﻋﺩﺩ‬ ‫ﻫﻨﺎﻙ‬ ‫ﺃﻥ‬ ‫ﺒﺠﺎﻨﺏ‬ ،‫ﻴﺅﺩﻴﻬﺎ‬ ‫ﺍﻟﺘﻰ‬
‫ﻤﻥ‬‫ﺍﻹ‬‫ﺼﻼﺤ‬‫ﺎﺕ‬‫ﺍﻻ‬‫ﻗﺘﺼﺎﺩﻴﺔ‬‫ﺍﻟ‬‫ﻀﺭﻭﺭﻴﺔ‬‫ﺍﻟﺘﻰ‬‫ﻭﻋﺎﺠﻠﺔ‬ ‫ﺤﺎﻟﺔ‬ ‫ﺃﺼﺒﺤﺕ‬‫ﻟ‬‫ﺘﺤﻘـﻕ‬
‫ﺍﻟﻨﻬﺎﻴﺔ‬ ‫ﻓﻲ‬‫ﹰ‬‫ﺍ‬‫ﺍﺴﺘﻘﺭﺍﺭ‬‫ﺒﺈ‬ ‫ﹰ‬‫ﺎ‬‫ﻤﺩﻋﻭﻤ‬‫ﺍﻟـﺴﻴﺎﺴﺎﺕ‬ ‫ﺴـﻼﻤﺔ‬ ‫ﻓـﻲ‬ ‫ﺍﻟﺜﻘـﺔ‬ ‫ﺴﺘﻌﺎﺩﺓ‬
‫ﺍﻟﻤﺎﻟﻲ‬ ‫ﺍﻟﻭﻀﻊ‬ ‫ﻭﺍﺴﺘﺩﺍﻤﺔ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬‫ﻟﻠﺒﻼﺩ‬‫ﻭﺍﻟﺘﺸﻐﻴل‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﻋﺠﻠﺔ‬ ‫ﻴﺩﻓﻊ‬ ‫ﻤﻤﺎ‬
‫ﻟﺸﺒﺎﺒﻨﺎ‬‫ﻭﺘﺤﺴﻴﻥ‬ ،‫ﺍﻟﻤﺼﺭﻯ‬ ‫ﻟﻠﻤﻭﺍﻁﻥ‬ ‫ﺍﻟﺤﻴﺎﺓ‬ ‫ﺠﻭﺩﺓ‬.
‫ﺇﻥ‬‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﻤﺸﻬﺩ‬‫ﻤﺅﺸ‬ ‫ﺘﻨﻌﻜﺱ‬‫ﺭﺍﺘﻪ‬‫ﺘﻀﺨﻡ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻓﻲ‬‫ﻤﺭﺘﻔﻌﺔ‬
‫ﺘﺘﺭﺍﻭﺡ‬‫ﺍﻟﻤﺘﻭﺴﻁ‬ ‫ﻓﻰ‬‫ﺒﻴﻥ‬١٠%-١١%‫ﺍﻟﻨﻤـﻭ‬ ‫ﻤﻌـﺩﻻﺕ‬ ‫ﻓﻲ‬ ‫ﻭﺘﺭﺍﺠﻊ‬ ،
‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬‫ﺤﺩﻭﺩ‬ ‫ﺇﻟﻰ‬٢%‫ﻤﺎ‬ ‫ﻭﻫﻭ‬ ،‫ﺯﻴﺎﺩﺓ‬ ‫ﺍﻟﻰ‬ ‫ﺃﺩﻯ‬‫ﻟﺘﺴﺠل‬ ‫ﺍﻟﺒﻁﺎﻟﺔ‬ ‫ﻤﻌﺩﻻﺕ‬
‫ﻤﺎ‬‫ﺒﻴﻥ‬١٣%-١٤%،‫ﻭﺘﺭﺘﻔﻊ‬‫ﻋﻥ‬ ‫ﺍﻟﻤﻌﺩﻻﺕ‬ ‫ﻫﺫﻩ‬٢٥%‫ﻓﻲ‬ ‫ﺍﻟﺸﺒﺎﺏ‬ ‫ﺒﻴﻥ‬
‫ﻤﻥ‬ ‫ﺍﻟﻌﻤﺭﻴﺔ‬ ‫ﺍﻟﻔﺌﺔ‬١٦–٢٥‫ﺴﻨﺔ‬.
‫ﻜﺫﻟﻙ‬‫ﺇ‬‫ﺭﺘﻔﻊ‬‫ﺍﻟ‬‫ﺍﻟ‬ ‫ﻌﺠﺯ‬‫ﻟﻠ‬ ‫ﻜﻠﻰ‬‫ﺇﻟﻰ‬ ‫ﻟﻴﺼل‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﻤﻭﺍﺯﻨﺔ‬١٣,٧%
‫ﺍﻟﻤﺎﻀﻲ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻓﻲ‬٢٠١٢/٢٠١٣‫ﺃﻥ‬ ‫ﺍﻟﻤﻨﺘﻅﺭ‬ ‫ﻭﻤﻥ‬ ،‫ﻴﻘﺎﺭﺏ‬١٢%‫ﺨـﻼل‬
‫ﻋﺎﻡ‬٢٠١٣/٢٠١٤‫ﺍﻷﺤﻭﺍل‬ ‫ﺃﺤﺴﻥ‬ ‫ﻓﻲ‬،‫ﺒﻔﺎﺘﻭﺭﺘﻴﻥ‬ ‫ﹰ‬‫ﻼ‬‫ﻤﺜﻘ‬‫ﻜﺒﻴﺭﺘﻴﻥ‬‫ﻟﻸﺠﻭﺭ‬
‫ﺃﺜﺭﻫﻤﺎ‬ ‫ﻴﻨﻌﻜﺱ‬ ‫ﻟﻡ‬ ‫ﺫﻟﻙ‬ ‫ﻭﻤﻊ‬ ،‫ﻭﺍﻟﺩﻋﻡ‬‫ﺍﻟﻤﺭﺠﻭﺓ‬ ‫ﺒﺎﻟﺼﻭﺭﺓ‬‫ﺍﻟﻔﻘﺭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻋﻠﻰ‬
‫ﻟﻠﻤﻭ‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬ ‫ﺍﻷﺤﻭﺍل‬ ‫ﺘﺤﺴﻥ‬ ‫ﺃﻭ‬‫ﻤ‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﺍﻁﻥ‬‫ﺭﻀﻴﺔ‬.‫ﺃﻨـﻪ‬ ‫ﺒﺎﻟﺫﻜﺭ‬ ‫ﻭﺠﺩﻴﺭ‬
‫ﺍﻟﻬﻴﻜﻠﻰ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﺤﺴﺎﺏ‬ ‫ﺤﺎﻟﺔ‬ ‫ﻓﻰ‬)‫ﻏﻴـﺭ‬ ‫ﻭﺍﻟﻨﻔﻘـﺎﺕ‬ ‫ﺍﻹﻴﺭﺍﺩﺍﺕ‬ ‫ﺒﺎﺴﺘﺒﻌﺎﺩ‬ ‫ﺃﻯ‬
‫ﺍﻟﻤﺘﻜﺭﺭﺓ‬(‫ﺨﻼل‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﻨﺴﺒﺔ‬ ‫ﻓﺈﻥ‬٢٠١٣/٢٠١٤‫ﻟﺘـﺴﺠل‬ ‫ﻜﺎﻨﺕ‬١٥٫٨%
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‫ﺇﺠـﺭﺍﺀﺍﺕ‬ ‫ﺍﺘﺨـﺎﺫ‬ ‫ﻓﻰ‬ ‫ﺒﺎﻟﻔﻌل‬ ‫ﺍﻟﺤﻜﻭﻤﺔ‬ ‫ﺒﺩﺃﺕ‬ ‫ﺃﻤﺭ‬ ‫ﻭﻫﻭ‬ ،‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﺍﻟﻨﺎﺘﺞ‬ ‫ﻤﻥ‬
‫ﺇﺠﺭﺍﺀﺍﺕ‬ ‫ﺃﻫﻤﻬﺎ‬ ‫ﻭﻤﻥ‬ ‫ﻋﻠﻴﻪ‬ ‫ﻟﻠﺴﻴﻁﺭﺓ‬ ‫ﻫﻴﻜﻠﻴﺔ‬‫ﻗﺎﻨﻭﻥ‬ ‫ﺘﻌﺩﻴﻼﺕ‬ ‫ﺘﺸﻤل‬ ‫ﻀﺭﻴﺒﻴﺔ‬
‫ﺭﻗﻡ‬ ‫ﺍﻟﻌﻘﺎﺭﻴﺔ‬ ‫ﺍﻟﻀﺭﻴﺒﺔ‬١٩٦‫ﻟﺴﻨﺔ‬٢٠٠٨‫ﺍﻟﺠﻤﻬﻭﺭﻴـﺔ‬ ‫ﺭﺌـﻴﺱ‬ ‫ﻭﻗـﺭﺍﺭ‬ ،
‫ﺭﻗﻡ‬ ‫ﺒﻘﺎﻨﻭﻥ‬٤٤‫ﻟﺴﻨﺔ‬٢٠١٤‫ﺴـﻨﻭﺍﺕ‬ ‫ﺜـﻼﺙ‬ ‫ﻟﻤﺩﺓ‬ ‫ﻤﺅﻗﺘﺔ‬ ‫ﻀﺭﻴﺒﺔ‬ ‫ﻹﻗﺭﺍﺭ‬
‫ﺒﻨﺴﺒﺔ‬٥%‫ﻤﻥ‬ ‫ﺃﻋﻠﻰ‬ ‫ﻭﺍﻷﺭﺒﺎﺡ‬ ‫ﺍﻟﺩﺨﻭل‬ ‫ﻋﻠﻰ‬١‫ﺇﻋﺩﺍﺩ‬ ‫ﻭﻜﺫﻟﻙ‬ ،‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﻭﻥ‬
‫ﺍﻟ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻀﺭﻴﺒﺔ‬ ‫ﻗﺎﻨﻭﻥ‬ ‫ﻓﻰ‬ ‫ﺃﺨﺭﻯ‬ ‫ﺘﺸﺭﻴﻌﻴﺔ‬ ‫ﺘﻌﺩﻴﻼﺕ‬ ‫ﻤﺠﻤﻭﻋﺔ‬‫ﺘﻬـﺩﻑ‬ ‫ﺩﺨل‬
‫ﺨـﻼل‬ ‫ﻤـﻥ‬ ‫ﺍﻟﺩﻭﻟـﺔ‬ ‫ﻤـﻭﺍﺭﺩ‬ ‫ﻭﺯﻴﺎﺩﺓ‬ ‫ﻭﻋﺩﺍﻟﺘﻬﺎ‬ ‫ﺍﻟﻀﺭﻴﺒﻴﺔ‬ ‫ﺍﻟﻘﺎﻋﺩﺓ‬ ‫ﻟﺘﻭﺴﻴﻊ‬
‫ﺍﻷﻭﺭﺍﻕ‬ ‫ﻋﻠـﻰ‬ ‫ﺍﻟﺘﻌﺎﻤل‬ ‫ﻨﺎﺘﺞ‬ ‫ﻋﻥ‬ ‫ﺍﻟﻤﺤﻘﻘﺔ‬ ‫ﺍﻟﺴﻨﻭﻴﺔ‬ ‫ﺍﻷﺭﺒﺎﺡ‬ ‫ﺼﺎﻓﻰ‬ ‫ﺘﺨﻀﻴﻊ‬
‫ﺫﺍﺕ‬ ‫ﻓـﻰ‬ ‫ﻭﻴﺼﺎﺤﺒﻬﺎ‬ ،‫ﺍﻷﺭﺒﺎﺡ‬ ‫ﺘﻭﺯﻴﻌﺎﺕ‬ ‫ﻭﻜﺫﻟﻙ‬ ‫ﺍﻟﻤﺼﺭﻴﺔ‬ ‫ﺒﺎﻟﺒﻭﺭﺼﺔ‬ ‫ﺍﻟﻤﻘﻴﺩﺓ‬
‫ﺍﻻﻗﺘـﺼ‬ ‫ﺍﻟﺘﻌﺎﻤﻼﺕ‬ ‫ﺒﻌﺽ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﻘﺭﺭﺓ‬ ‫ﺍﻹﻀﺎﻓﺔ‬ ‫ﻟﻀﺭﻴﺒﺔ‬ ‫ﺇﻟﻐﺎﺀ‬ ‫ﺍﻟﻭﻗﺕ‬‫ﺎﺩﻴﺔ‬
،‫ﺒﺎﻟﺒﻭﺭﺼـﺔ‬ ‫ﺍﻟﺘﻌـﺎﻤﻼﺕ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻷﻟﻑ‬ ‫ﻓﻰ‬ ‫ﻭﺍﺤﺩ‬ ‫ﺍﻟﺩﻤﻐﺔ‬ ‫ﻀﺭﻴﺒﺔ‬ ‫ﺇﻟﻐﺎﺀ‬ ‫ﻭﻜﺫﻟﻙ‬
‫ﺍﻟﺘﺨﻁـﻴﻁ‬ ‫ﺃﻨـﻭﺍﻉ‬ ‫ﺒﻌـﺽ‬ ‫ﻭﺃﺩ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻀﺭﺍﺌﺏ‬ ‫ﻤﺼﻠﺤﺔ‬ ‫ﺘﻤﻜﻥ‬ ‫ﺃﺤﻜﺎﻡ‬ ‫ﻭﺍﻀﺎﻓﺔ‬
‫ﺍﻻﺴﺘﺜﻤﺎﺭﻯ‬ ‫ﺍﻟﻘﺭﺍﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺘﺄﺜﻴﺭ‬ ‫ﺃﻯ‬ ‫ﺩﻭﻥ‬ ‫ﺍﻟﻀﺎﺭ‬ ‫ﺍﻟﻀﺭﻴﺒﻰ‬.
‫ﻋﻠﻰ‬ ‫ﻟﻠﺴﻴﻁﺭﺓ‬ ‫ﺠﺎﺩﺓ‬ ‫ﺍﺠﺭﺍﺀﺍﺕ‬ ‫ﺍﺘﺨﺎﺫ‬ ‫ﺍﻟﺤﺎﻟﻴﺔ‬ ‫ﺍﻟﻤﺭﺤﻠﺔ‬ ‫ﺘﺘﻁﻠﺏ‬ ‫ﻭﺴﻭﻑ‬
‫ﺨﻔ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﺩﻴﻥ‬‫ﺴـﻨﻭﺍﺕ‬ ‫ﺍﻟـﺜﻼﺙ‬ ‫ﻤـﺩﺍﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺽ‬
‫ﻷﺠﻬـﺯﺓ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﺩﻴﻥ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺨﻔﺽ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻭﺯﺍﺭﺓ‬ ‫ﺘﺴﺘﻬﺩﻑ‬ ‫ﺤﻴﺙ‬ ،‫ﺍﻟﻤﻘﺒﻠﺔ‬
‫ﻨﺤﻭ‬ ‫ﻤﻥ‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬٩٣,٦%‫ﻟﻌﺎﻡ‬ ‫ﻜﻤﺘﻭﻗﻊ‬ ‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﺍﻟﻨﺎﺘﺞ‬ ‫ﻤﻥ‬
٢٠١٣/٢٠١٤‫ﺒﻴﻥ‬ ‫ﻤﺎ‬ ‫ﺇﻟﻰ‬٨٠-٨٥%‫ﻋـﺎﻡ‬ ‫ﺤﻠـﻭل‬ ‫ﻤﻊ‬٢٠١٦/٢٠١٧
‫ﺍﻹﻋﺘﺒﺎﺭ‬ ‫ﻓﻰ‬ ‫ﹰ‬‫ﺍ‬‫ﺃﺨﺫ‬‫ﺘﻨﻔﻴﺫ‬‫ﺍﻟﺩﺴ‬ ‫ﺍﻹﺴﺘﺤﻘﺎﻗﺎﺕ‬‫ﻤﺨﺼـﺼﺎﺕ‬ ‫ﺯﻴـﺎﺩﺓ‬ ‫ﻓـﻰ‬ ‫ﺘﻭﺭﻴﺔ‬
‫ﺍﻟﻌﻠﻤﻰ‬ ‫ﻭﺍﻟﺒﺤﺙ‬ ‫ﻭﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﺍﻟﺼﺤﺔ‬.
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‫ﺍﻟﻭﻗﺕ‬ ‫ﻨﻔﺱ‬ ‫ﻭﻓﻲ‬‫ﻤﺩﻯ‬ ‫ﻋﻠﻰ‬ ‫ﻤﻌﻬﺎ‬ ‫ﺍﻟﺘﻌﺎﻤل‬ ‫ﺴﻴﺘﻌﻴﻥ‬ ‫ﻤﻠﻔﺎﺕ‬ ‫ﻋﺩﺓ‬ ‫ﺘﻭﺠﺩ‬
‫ﺃﻫﻤﻬﺎ‬ ‫ﻤﻘﺒﻠﺔ‬ ‫ﺴﻨﻭﺍﺕ‬ ‫ﻋﺩﺓ‬‫؛‬‫ﺇ‬‫ﺼﻼﺡ‬‫ﻤﻨﻅﻭﻤﺔ‬‫ﺍﻟﺘـﺸﺎﺒﻜﺎﺕ‬ ‫ﻭﻓﺽ‬ ،‫ﺍﻟﻤﻌﺎﺸﺎﺕ‬
‫ﺠﻬﺎﺕ‬ ‫ﻤﺨﺘﻠﻑ‬ ‫ﺒﻴﻥ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ‫ﺍﻟﺩﻭﻟﺔ‬‫ﺸﺎﻤل‬ ‫ﻫﻴﻜﻠﻲ‬ ‫ﺘﻁﻭﻴﺭ‬ ‫ﺇﺠﺭﺍﺀ‬
‫ﻟﻜﺎﻓﺔ‬‫ﺍﻷﺼﻭل‬‫ﺍﻹﻨﺘﺎﺠﻴ‬‫ﻭﺍﻟﺨﺩﻤﻴﺔ‬ ‫ﺔ‬‫ﻤﺅﺴﺴﻲ‬ ‫ﺇﻁﺎﺭ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻤﻤﻠﻭﻜﺔ‬
‫ﻤﻨـﺎﺥ‬ ‫ﻟﺘﺤـﺴﻴﻥ‬ ‫ﻭﺍﻟﻤﺅﺴـﺴﻴﺔ‬ ‫ﺍﻟﺘـﺸﺭﻴﻌﻴﺔ‬ ‫ﺍﻹﺠـﺭﺍﺀﺍﺕ‬ ‫ﻹﺘﺨﺎﺫ‬ ،‫ﻤﺘﻁﻭﺭ‬
‫ﺍﻹﺴﺘﺜﻤﺎﺭ‬.
‫ﺘﻘﺩﻡ‬ ‫ﻤﺎ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺒﻨﺎﺀ‬‫ﺍﻻﻗﺘـﺼﺎﺩﻱ‬ ‫ﺍﻻﻨﻁـﻼﻕ‬ ‫ﺘﺤﻘﻴـﻕ‬ ‫ﻓﺈﻥ‬‫ﻭﺯﻴـﺎﺩﺓ‬
‫ﻤﺨﺼﺼﺎﺕ‬‫ﺍﻹ‬‫ﻤﻥ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻟﺒﻌﺩ‬ ‫ﻋﻠﻰ‬ ‫ﻨﻔﺎﻕ‬‫ﺨﻼل‬‫ﺇﺘﻤـﺎﻡ‬‫ﺍﻻﺴـﺘﺤﻘﺎﻗﺎﺕ‬
‫ﺍﻟﺩﺴﺘﻭﺭﻴﺔ‬‫ﺒ‬‫ﻋﻠﻰ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺯﻴﺎﺩﺓ‬‫ﻤﺠﺎﻻﺕ‬‫ﺍﻟﻌﻠﻤـﻲ‬ ‫ﻭﺍﻟﺒﺤﺙ‬ ‫ﻭﺍﻟﺼﺤﺔ‬ ‫ﺍﻟﺘﻌﻠﻴﻡ‬،
‫ﺍﻟـﻀﻤﺎﻥ‬ ‫ﺸـﺒﻜﺔ‬ ‫ﻓـﻰ‬ ‫ﻭﺍﻟﺘﻭﺴـﻊ‬ ،‫ﻤـﺴﺘﺩﺍﻤﺔ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻤﺼﺎﺩﺭ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﻤﻭل‬
‫ﺒﺎﻟﺭﻋﺎﻴﺔ‬ ‫ﺍﻷﻭﻟﻰ‬ ‫ﻟﻠﻔﺌﺎﺕ‬ ‫ﺍﻟﻨﻘﺩﻱ‬ ‫ﻭﺍﻟﺩﻋﻡ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻰ‬‫ﻭﻜﺫ‬‫ﻟﻙ‬‫ﺍﻟﺤﻤﺎﻴـﺔ‬ ‫ﺘﺤﻘﻴﻕ‬
‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬‫ﺍﻟﺸﻌﺏ‬ ‫ﺃﺒﻨﺎﺀ‬ ‫ﻟﻤﺨﺘﻠﻑ‬،‫ﺍﻟﻤـﺎﻟﻲ‬ ‫ﺍﻻﺴـﺘﻘﺭﺍﺭ‬ ‫ﻭﺍﺴﺘﻌﺎﺩﺓ‬‫ﻟﻠـﺒﻼﺩ‬
‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻋﺠﺯ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺍﻟﺴﻴﻁﺭﺓ‬،‫ﻜﺎﻨﺕ‬ ‫ﻭﺇﻥ‬‫ﻅﺎﻫﺭﻫﺎ‬ ‫ﻓﻲ‬‫ﺍﻟﺴﻴﺭ‬ ‫ﺘﺘﻁﻠﺏ‬
‫ﺍﺘﺠﺎﻫﺎﺕ‬ ‫ﻓﻲ‬‫ﺍﻟﻤـﺼﺭﻱ‬ ‫ﻟﻼﻗﺘﺼﺎﺩ‬ ‫ﺍﻟﺤﺎﻟﻲ‬ ‫ﺍﻟﻤﺸﻬﺩ‬ ‫ﻭﺍﻗﻊ‬ ‫ﻤﻥ‬ ‫ﺃﻨﻬﺎ‬ ‫ﺇﻻ‬ ‫ﻤﻀﺎﺩﺓ‬
‫ﻤﻌ‬ ‫ﺍﻟﺘﻌﺎﻤل‬ ‫ﺘﺴﺘﺩﻋﻲ‬‫ﻬﺎ‬‫ﺍﻟﺘﺎﻟﻴﺔ‬ ‫ﺍﻟﻤﻨﻁﻠﻘﺎﺕ‬ ‫ﻀﻭﺀ‬ ‫ﻓﻲ‬ ‫ﺒﺎﻟﺘﻭﺍﺯﻱ‬:-
‫ﺃﻭﻻ‬
ً
:‫ﺇﺤﺩﺍﺙ‬‫ﺍﻹ‬ ‫ﺇﺩﺍﺭﺓ‬ ‫ﻤﻨﻬﺠﻴﺔ‬ ‫ﻓﻲ‬ ‫ﺠﺫﺭﻱ‬ ‫ﺘﻐﻴﻴﺭ‬‫ﺒﺤﻴﺙ‬ ‫ﺍﻟﻭﻁﻨﻲ‬ ‫ﻗﺘﺼﺎﺩ‬
‫ﻭﺍﺤﺩﺓ‬ ‫ﻜﻭﺤﺩﺓ‬ ‫ﺇﺩﺍﺭﺘﻪ‬ ‫ﺘﺘﻡ‬،‫ﻜﻠﻲ‬ ‫ﻤﻨﻅﻭﺭ‬ ‫ﻭﻤﻥ‬‫ﻭﻟﻴﺱ‬‫ﻤﻨﻁﻠﻕ‬ ‫ﻤﻥ‬
‫ﺃﻭ‬ ‫ﻤﻨﻔﺼﻠﺔ‬ ‫ﻭﻗﻀﺎﻴﺎ‬ ‫ﻗﻁﺎﻋﺎﺕ‬ ‫ﺇﺩﺍﺭﺓ‬‫ﻭﺍﻗﻊ‬ ‫ﻤﻥ‬‫ﻓﺌﻭﻴـﺔ‬ ‫ﻤـﺼﺎﻟﺢ‬
‫ﻀﻴﻘﺔ‬.
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‫ﺛﺎﻧﻴﺎ‬
ً
:‫ﺍﻟﻘﻭﺍﻋﺩ‬ ‫ﻜﺎﻓﺔ‬ ‫ﺘﻭﺴﻴﻊ‬‫ﺍﻹ‬‫ﻗﺘﺼﺎﺩﻴﺔ‬‫ﺍﻹﻨﺘﺎﺠﻴـﺔ‬ ‫ﺍﻟﻘﻭﺍﻋـﺩ‬ ‫ﻭﺃﻫﻤﻬﺎ‬
)‫ﺍﻟﻐﺫﺍﺌﻲ‬ ‫ﺍﻷﻤﻥ‬ ‫ﻤﺠﺎل‬ ‫ﻓﻲ‬ ‫ﺨﺎﺼﺔ‬(‫ﺍﻟﺩﺨﻭل‬ ‫ﻭﻗﻭﺍﻋﺩ‬ ،،‫ﻭﺍﻟﻘﻭﺍﻋﺩ‬
‫ﺍﻟﻀﺭﻴﺒﻴﺔ‬‫ﺍﻟﻔﻘـﺭﺍﺀ‬ ‫ﻻﺘﺨـﺹ‬ ‫ﺍﻟﺘﻰ‬ ‫ﻭﺍﻟﺩﺨﻭل‬ ‫ﺍﻷﻨﺸﻁﺔ‬ ‫ﻟﺘﺸﻤل‬،
‫ﺍﻟﺩﺍ‬ ‫ﺍﻷﺴﻭﺍﻕ‬ ‫ﻭﻗﻭﺍﻋﺩ‬‫ﺍﻟﺤﻤﺎﻴـﺔ‬ ‫ﻭﻗﻭﺍﻋـﺩ‬ ،‫ﻭﺍﻟﺨﺎﺭﺠﻴـﺔ‬ ‫ﺨﻠﻴﺔ‬
‫ﺍﻹ‬‫ﺠﺘﻤﺎﻋﻴﺔ‬‫ﻴﺤﻘـﻕ‬ ‫ﺒﻤـﺎ‬‫ﺘﺤـﺴﻥ‬‫ﻓـﻰ‬‫ﺍﻟﻤﻌﻴـﺸﻴﺔ‬ ‫ﺍﻷﺤـﻭﺍل‬
‫ﻟﻠﻤﻭﺍﻁﻨﻴﻥ‬‫ﻭﻏﻴﺭﻫﺎ‬ ،‫ﺍﻟﻤﺠﺎﻻﺕ‬ ‫ﻤﻥ‬‫ﺸـﺄﻨﻬﺎ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺘﻲ‬‫ﺘﺤﻘﻴـﻕ‬
‫ﻭ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬‫ﺯﻴـﺎﺩﺓ‬‫ﺍﻟﻭﻀـﻊ‬ ‫ﺍﺴـﺘﻘﺭﺍﺭ‬ ‫ﻓـﻲ‬ ‫ﺍﻟﺜﻘـﺔ‬
‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬‫ﻭ‬‫ﺩﻋﺎﺌﻡ‬ ‫ﺇﺭﺴﺎﺀ‬‫ﺍﻟﺴﻼﻡ‬‫ﺍﻹﺠﺘﻤﺎﻋﻰ‬.
‫ﺛﺎﻟﺜﺎ‬
ً
:‫ﻟﺼ‬ ‫ﺍﻟﻤﺘﺎﺤﺔ‬ ‫ﺍﻟﻤﻭﺍﺭﺩ‬ ‫ﺘﻭﺯﻴﻊ‬ ‫ﺇﻋﺎﺩﺓ‬‫ﺍﻷﻗـل‬ ‫ﻭﺍﻟﻔﺌﺎﺕ‬ ‫ﺍﻟﻔﻘﺭﺍﺀ‬ ‫ﺎﻟﺢ‬
‫ﺍﻹ‬ ‫ﺃﻭﻟﻭﻴﺎﺕ‬ ‫ﺘﺭﺘﻴﺏ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﹰ‬‫ﻼ‬‫ﺩﺨ‬‫ﻭﺍﻟﺘﺨﻠﺹ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻨﻔﺎﻕ‬
‫ﺍﻟﺘﺩﺭﻴﺠ‬‫ﻲ‬‫ﻓـﻲ‬ ‫ﺍﻟﻔﻌﺎل‬ ‫ﻏﻴﺭ‬ ‫ﺍﻟﺩﻋﻡ‬ ‫ﺒﻨﻭﺩ‬ ‫ﻤﻥ‬‫ﻤـﺴﺄﻟﺔ‬‫ﺘﺤـﺴﻴﻥ‬
‫ﺍﻷﻋﻅﻡ‬ ‫ﻟﻠﺴﻭﺍﺩ‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬ ‫ﺍﻷﺤﻭﺍل‬‫ﺸﻌﺏ‬ ‫ﻤﻥ‬‫ﻤـﺼﺭ‬،‫ﻭﻋﻠـﻰ‬
‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﺩﻋﻡ‬ ‫ﺭﺃﺴﻬﺎ‬،‫ﻟﻐﻴـﺭ‬ ‫ﺍﻟﺩﻋﻡ‬ ‫ﺘﺴﺭﺏ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﺴﻴﻁﺭﺓ‬ ‫ﻭﻜﺫﻟﻙ‬
‫ﻋﻠﻰ‬ ‫ﺍﻟﻌﻤل‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﻤﺴﺘﺤﻘﻴﻪ‬‫ﺍﻟﺘـﺩﺭﻴﺠ‬ ‫ﺍﻻﻨﺘﻘـﺎل‬‫ﻲ‬‫ﻟﻠـﺩﻋﻡ‬
‫ﺍﻟﻨﻘﺩ‬‫ﻱ‬‫ﻋﺎﺩﻟﺔ‬ ‫ﺒﺼﻭﺭﺓ‬‫ﻭﺘﺤﻔﻅ‬ ‫ﺍﻟﻤﺼﺭﻱ‬ ‫ﺍﻟﻤﻭﺍﻁﻥ‬ ‫ﻜﺭﺍﻤﺔ‬ ‫ﺘﺼﻭﻥ‬
‫ﻨﻔﺴﻪ‬ ‫ﻋﺯﺓ‬.
‫ﺭﺍﺑﻌﺎ‬
ً
:‫ﻭﺤﻤﺎﻴﺘﻬﺎ‬ ‫ﺍﻟﺘﻌﺎﻗﺩﺍﺕ‬ ‫ﻜﺎﻓﺔ‬ ‫ﻭﺍﺤﺘﺭﺍﻡ‬ ‫ﺍﻟﺤﺭ‬ ‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﺁﻟﻴﺎﺕ‬ ‫ﺘﺸﺠﻴﻊ‬
‫ﺍﻟﺩﻭﻟـﺔ‬ ‫ﻤﺅﺴﺴﺎﺕ‬ ‫ﻭﺘﻘﻭﻴﺔ‬ ‫ﺘﻁﻭﻴﺭ‬ ‫ﻤﻊ‬ ،‫ﻓﺴﺎﺩ‬ ‫ﻴﺸﻭﺒﻬﺎ‬ ‫ﻟﻡ‬ ‫ﻁﺎﻟﻤﺎ‬
،‫ﻭﺘﺤﺩﻴﺜﻬﺎ‬ ‫ﻭﺍﻹﺴﺘﺜﻤﺎﺭ‬ ‫ﺍﻷﻋﻤﺎل‬ ‫ﻟﺘﻨﻅﻴﻡ‬ ‫ﺍﻟﺤﺎﻜﻤﺔ‬ ‫ﻭﺍﻷﻁﺭ‬‫ﻭﺇﻗﺭﺍﺭ‬
‫ﺍﻟﻔﺌﺎﺕ‬ ‫ﻟﻤﺨﺘﻠﻑ‬ ‫ﻭﺍﻟﻭﺍﺠﺒﺎﺕ‬ ‫ﺍﻟﺤﻘﻭﻕ‬ ‫ﺒﻴﻥ‬ ‫ﺍﻟﺘﻭﺍﺯﻥ‬.
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‫ﺧﺎﻣﺴﺎ‬
ً
:‫ﻗـﺩﺭ‬ ‫ﻴﺤﻘﻕ‬ ‫ﺇﺠﺘﻤﺎﻋﻰ‬ ‫ﺇﺠﺭﺍﺀ‬ ‫ﻭﻴﺼﺎﺤﺒﻪ‬ ‫ﺇﻻ‬ ‫ﺇﻗﺘﺼﺎﺩﻯ‬ ‫ﺇﺠﺭﺍﺀ‬ ‫ﻻ‬
‫ﻻ‬ ‫ﺃﻨـﻪ‬ ‫ﻜﻤﺎ‬ ،‫ﺒﺎﻟﺭﻋﺎﻴﺔ‬ ‫ﺍﻷﻭﻟﻰ‬ ‫ﻟﻠﻔﺌﺎﺕ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﺤﻤﺎﻴﺔ‬ ‫ﻤﻥ‬
‫ﺃﻭ‬ ،‫ﺘﻤﻭﻴﻠـﻪ‬ ‫ﻤﺼﺩﺭ‬ ‫ﹰ‬‫ﺎ‬‫ﻤﺴﺒﻘ‬ ‫ﻤﺤﺩﺩ‬ ‫ﻜﺎﻥ‬ ‫ﺇﺫﺍ‬ ‫ﺇﻻ‬ ‫ﺇﺠﺘﻤﺎﻋﻰ‬ ‫ﺇﺠﺭﺍﺀ‬
‫ﺍﻗﺘﺼﺎﺩ‬ ‫ﺒﺈﺠﺭﺍﺀ‬ ‫ﹰ‬‫ﺎ‬‫ﻤﺩﻋﻭﻤ‬ ‫ﻴﻜﻭﻥ‬ ‫ﺃﻥ‬‫ﺇﻀﺎﻓﻰ‬ ‫ﻯ‬.
‫ﺳﺎﺩﺳﺎ‬
ً
:‫ﻤﻨﺘﺠـﺎﺕ‬ ‫ﺭﺃﺴـﻬﺎ‬ ‫ﻭﻋﻠـﻰ‬ ‫ﺍﻟﻁﺒﻴﻌﻴﺔ‬ ‫ﻟﻤﻭﺍﺭﺩﻨﺎ‬ ‫ﺍﻟﺴﻠﻴﻡ‬ ‫ﺍﻟﺘﺴﻌﻴﺭ‬
‫ﻭﺍﻟﻁﺎﻗﺔ‬ ‫ﻭﺍﻟﻤﺤﺎﺠﺭ‬ ‫ﺍﻟﻤﻨﺎﺠﻡ‬‫ﻭ‬‫ﻤﻭﺍﺭﺩﻨﺎ‬ ‫ﻤﺨﺘﻠﻑ‬‫ﺍﻟﻨﺎﻀـﺒﺔ‬‫ﺒﻤـﺎ‬
‫ﻴﺤﻘﻕ‬‫ﻭ‬ ‫ﺍﻻﺴﺘﻬﻼﻙ‬ ‫ﺘﺭﺸﻴﺩ‬‫ﺒﻴﻥ‬ ‫ﺍﻟﺜﺭﻭﺍﺕ‬ ‫ﺘﻭﺯﻴﻊ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬‫ﺃﺒﻨﺎﺀ‬
‫ﺍﻟﻭﻁﻥ‬،‫ﻤﺎ‬ ‫ﻭﻜﺫﺍ‬‫ﺍﻟﺤﺎﻟ‬ ‫ﺍﻟﺠﻴل‬ ‫ﺒﻴﻥ‬‫ﻲ‬‫ﻭﺍﻷ‬‫ﺠﻴﺎل‬‫ﺍﻟﻘﺎﺩﻤﺔ‬.
‫ﺳﺎﺑﻌﺎ‬
ً
:‫ﺘﻁﺒﻴﻕ‬‫ﺍﻷﻁﺭ‬‫ﺍﻟﺤﺩ‬‫ﻴﺤﻘﻕ‬ ‫ﺒﻤﺎ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺇﺩﺍﺭﺓ‬ ‫ﻤﺠﺎل‬ ‫ﻓﻲ‬ ‫ﻴﺜﺔ‬
‫ﺃﻋﻠﻰ‬ ‫ﻜﻔﺎﺀﺓ‬‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﺨﺯﺍﻨﺔ‬ ‫ﺇﺩﺍﺭﺓ‬ ‫ﻓﻲ‬‫ﻋﺎﺌﺩ‬ ‫ﻤﻥ‬ ‫ﻭﻴﺭﻓﻊ‬‫ﺍﻹﻨﻔﺎﻕ‬
‫ﺍﻟﺤﻜﻭﻤ‬‫ﻲ‬.
‫ﻋﻠﻰ‬ ‫ﺍﻟﻘﺎﺩﻤﺔ‬ ‫ﺍﻟﻤﺭﺤﻠﺔ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﺴﻴﺎﺴﺔ‬ ‫ﺘﺭﺘﻜﺯ‬ ‫ﻭﺴﻭﻑ‬‫ﺇﻋـﺎﺩﺓ‬
‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺃﻭﻟﻭﻴﺎﺕ‬ ‫ﺘﺭﺘﻴﺏ‬‫ﺃﺠل‬ ‫ﻤﻥ‬‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﺘﺤﻘﻴﻕ‬‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬‫ﻭﺘﺤﻘﻴـﻕ‬
‫ﺃ‬‫ﻟﻠﻔﻘ‬ ‫ﻤﻤﻜﻨﺔ‬ ‫ﺤﻤﺎﻴﺔ‬ ‫ﻜﺒﺭ‬‫ﺒﺎﻟﺭﻋﺎﻴﺔ‬ ‫ﺍﻷﻭﻟﻰ‬ ‫ﻭﺍﻟﻔﺌﺎﺕ‬ ‫ﺭﺍﺀ‬،‫ﺍﻷﺤـﻭﺍل‬ ‫ﻭﺘﺤـﺴﻴﻥ‬
‫ﺍﻻﺴﺘﺜﻤﺎﺭ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﺒﻤﻌﺩﻻﺕ‬ ‫ﺍﻟﺩﻓﻊ‬ ‫ﻭﻜﺫﺍ‬ ،‫ﺍﻟﺒﺴﻴﻁ‬ ‫ﻟﻠﻤﻭﺍﻁﻥ‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬
‫ﺍﻟﺤﻜﻭﻤﻲ‬‫ﺘﺤـﺕ‬ ‫ﻭﺍﻟﺨـﺎﺹ‬ ‫ﺍﻟﻌـﺎﻡ‬ ‫ﺍﻟﻘﻁﺎﻋﻴﻥ‬ ‫ﺒﻴﻥ‬ ‫ﺍﻟﻤﺸﺘﺭﻜﺔ‬ ‫ﻭﺍﻟﻤﺸﺭﻭﻋﺎﺕ‬
‫ﻤﻅﻠﺔ‬‫ﺸﺭﺍﻜﺔ‬)PPP(،‫ﻫﺫﻩ‬ ‫ﺃﻥ‬ ‫ﺇﻻ‬‫ﺍﻷﻤﻭﺭ‬‫ﻤﺎﻟﻴـﺔ‬ ‫ﻤـﻭﺍﺭﺩ‬ ‫ﺘﻭﻓﻴﺭ‬ ‫ﺴﺘﺘﻁﻠﺏ‬
‫ﻤﺴﺘﻤﺭﺓ‬ ‫ﻭﺘﺩﻓﻘﺎﺕ‬ ‫ﻀﺨﻤﺔ‬.‫ﻭﻤﻊ‬‫ﻓ‬ ‫ﺍﻷﺨﺫ‬‫ﻲ‬‫ﺍﻹ‬‫ﻋﻠـﻰ‬ ‫ﺍﻟـﺴﻴﻁﺭﺓ‬ ‫ﺃﻥ‬ ‫ﻋﺘﺒـﺎﺭ‬
‫ﺍﻟﻌﺎﻡ‬ ‫ﻭﺍﻟﺩﻴﻥ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺒﺎﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﻤﻌﺩﻻﺕ‬‫ﺒﺎﺘﺕ‬‫ﺃﻭﻟﻭﻴﺔ‬‫ﻗﺼﻭﻯ‬،‫ﻻ‬ ‫ﻓﺈﻨﻪ‬
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‫ﻤﺘﻌﺩﺩﺓ‬ ‫ﻭﺒﺂﻟﻴﺎﺕ‬ ‫ﻤﻨﺘﻅﻤﺔ‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﻟﻠﻁﺎﻗﺔ‬ ‫ﺍﻟﻤﻭﺠﻪ‬ ‫ﺍﻟﺩﻋﻡ‬ ‫ﺨﻔﺽ‬ ‫ﻟﺘﺠﻨﺏ‬ ‫ﻤﺠﺎل‬
‫ﻤـﺼﺎﺩﺭ‬ ‫ﺘﻨﻭﻴـﻊ‬ ‫ﺨـﻼل‬ ‫ﻤﻥ‬ ‫ﹰ‬‫ﺎ‬‫ﺃﻴﻀ‬ ‫ﻭﺇﻨﻤﺎ‬ ‫ﺍﻟﺘﺴﻌﻴﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺤﺎل‬ ‫ﺒﺄﻯ‬ ‫ﺘﻘﺘﺼﺭ‬ ‫ﻻ‬
،‫ﺇﺴﺘﺨﺩﺍﻤﻬﺎ‬ ‫ﻜﻔﺎﺀﺓ‬ ‫ﻭﺭﻓﻊ‬ ،‫ﺍﻟﻁﺎﻗﺔ‬‫ﻤﺜـل‬ ‫ﺍﻟﻬـﺎﺩﻑ‬ ‫ﻟﻠﺘﻭﺯﻴـﻊ‬ ‫ﺁﻟﻴﺎﺕ‬ ‫ﻭﺘﻁﺒﻴﻕ‬
‫ﻋﻠﻰ‬ ‫ﻭﺍﻟﻌﻤل‬ ،‫ﺍﻟﺫﻜﻴﺔ‬ ‫ﺍﻟﺒﻁﺎﻗﺎﺕ‬‫ﻭﺍﻟﺭﺴﻭﻡ‬ ‫ﺍﻟﻀﺭﺍﺌﺏ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺩﻭﻟﺔ‬ ‫ﻤﻭﺍﺭﺩ‬ ‫ﺯﻴﺎﺩﺓ‬
‫ﺍﻟﺘ‬ ‫ﺍﻟﻀﺨﻤﺔ‬ ‫ﻭﺍﻟﻤﻌﺎﻤﻼﺕ‬ ‫ﺍﻟﻜﺒﻴﺭﺓ‬ ‫ﺍﻟﺩﺨﻭل‬ ‫ﺘﻀﻤﻴﻥ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬‫ﻲ‬‫ﺘﺘﺤﻘﻕ‬ ‫ﺘﺯﺍل‬ ‫ﻻ‬
،‫ﺩﺍﺨﻠﻬﺎ‬ ‫ﺇﻟﻰ‬ ‫ﺍﻟﻀﺭﻴﺒﻴﺔ‬ ‫ﺍﻟﻤﻅﻠﺔ‬ ‫ﺨﺎﺭﺝ‬‫ﻓﺈﻨﻪ‬ ‫ﻭﻟﻠﺘﺄﻜﻴﺩ؛‬‫ﻓﻘـﻁ‬ ‫ﻴﺨـﺹ‬ ‫ﻻ‬ ‫ﺃﻤـﺭ‬
‫ﺯﻴﺎﺩﺓ‬‫ﺍﻟ‬‫ﻤﻭﺍﺭﺩ‬‫ﺍﻟﻤﻁﻠﻭﺒ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬،‫ﺍﻟﻤﺠـﺎﻻﺕ‬ ‫ﻤﺨﺘﻠـﻑ‬ ‫ﻋﻠـﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻟﻺﻨﻔﺎﻕ‬ ‫ﺔ‬
‫ﺃ‬ ‫ﺘﺘﺼل‬ ‫ﻭﻟﻜﻨﻬﺎ‬‫ﻓـﻰ‬ ‫ﺍﻟﻤـﺴﺎﻫﻤﺔ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﺒﺘﺤﻘﻴﻕ‬ ‫ﹰ‬‫ﺎ‬‫ﻴﻀ‬
‫ﻭﺍﻻﻟﺘﺯﺍﻤﺎﺕ‬ ‫ﺍﻻﺴﺘﺤﻘﺎﻗﺎﺕ‬ ‫ﺘﻭﺯﻴﻊ‬‫ﺍﻟﻤﺠﺘﻤﻊ‬ ‫ﻓﺌﺎﺕ‬ ‫ﻤﺨﺘﻠﻑ‬ ‫ﻋﻠﻰ‬.
‫ﻭﺘﻌﺘﺯﻡ‬‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻭﺯﺍﺭﺓ‬‫ﺍﻟﺩﻓﻊ‬‫ﺍﻟﺘﺸﺭﻴﻌﻴﺔ‬ ‫ﺍﻟﺘﻌﺩﻴﻼﺕ‬ ‫ﻤﻥ‬ ‫ﺒﻌﺩﺩ‬‫ﺍﻹﻀﺎﻓﻴﺔ‬
‫ﻗﺎﻨﻭﻥ‬ ‫ﻋﻠﻰ‬ ‫ﺠﻭﻫﺭﻴﺔ‬ ‫ﺘﻌﺩﻴﻼﺕ‬ ‫ﺇﺩﺨﺎل‬ ‫ﻭﻤﻨﻬﺎ‬‫ﺍﻟﻤﺯﺍﻴـﺩﺍﺕ‬ ‫ﻭﻗﺎﻨﻭﻥ‬ ،‫ﺍﻟﺠﻤﺎﺭﻙ‬
‫ﻭﺍﺴﺘﻜﻤﺎل‬ ،‫ﻭﺍﻟﻤﻨﺎﻗﺼﺎﺕ‬‫ﺘﻁﺒﻴﻕ‬‫ﺍﻟﻤـﻀﺎﻓﺔ‬ ‫ﺍﻟﻘﻴﻤـﺔ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻀﺭﻴﺒﺔ‬ ‫ﻤﻨﻅﻭﻤﺔ‬
)‫ﺠﺯﺌ‬ ‫ﺒﺸﻜل‬ ‫ﹰ‬‫ﺎ‬‫ﺤﺎﻟﻴ‬ ‫ﺍﻟﻤﻁﺒﻘﺔ‬‫ﻲ‬(‫ﺒﺠﺎﻨﺏ‬ ،‫ﺒﺩﺀ‬‫ﺘﻁﺒﻴﻕ‬‫ﺍﻟﻀﺭﻴﺒﺔ‬ ‫ﻗﺎﻨﻭﻥ‬‫ﺍﻟﻌﻘﺎﺭﻴﺔ‬
‫ﻴﺤﻘﻕ‬ ‫ﺤﻴﺙ‬‫ﺍﻟﻁﺒﻘـﺔ‬ ‫ﺃﺒﻨـﺎﺀ‬ ‫ﻤـﻥ‬ ‫ﻜﺒﻴـﺭﺓ‬ ‫ﻭﻗﻁﺎﻋﺎﺕ‬ ‫ﻟﻠﻔﻘﺭﺍﺀ‬ ‫ﻜﺎﻤﻠﺔ‬ ‫ﺤﻤﺎﻴﺔ‬
‫ﺍﻟﻤﺘﻭﺴﻁﺔ‬.‫ﺃﻁﻠﻘﺕ‬ ‫ﻭﻗﺩ‬‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻭﺯﺍﺭﺓ‬‫ﻋﺩﺓ‬‫ﺤﻠﻘﺎﺕ‬‫ﻫـﺫﻩ‬ ‫ﺤـﻭل‬ ‫ﻟﻠﻨﻘـﺎﺵ‬
‫ﻭﻜﺫﻟﻙ‬ ‫ﺍﻟﻤﻭﻀﻭﻋﺎﺕ‬‫ﺘﻡ‬‫ﻁﺭﺡ‬‫ﻤﺩﻭﻨﺔ‬)Blog(‫ﻟﻠﺘﻭﺍﺼل‬ ‫ﺍﻟﻭﺯﺍﺭﺓ‬ ‫ﻤﻭﻗﻊ‬ ‫ﻋﻠﻰ‬
‫ﺍﻟﻤﺠﺘﻤﻊ‬ ‫ﻤﻘﺘﺭﺤﺎﺕ‬ ‫ﺤﻭل‬‫ﺍ‬ ‫ﺒﺨﺼﻭﺹ‬‫ﺍﻟﻤﺎﻟ‬ ‫ﻹﺼﻼﺡ‬‫ﻲ‬‫ﻭﺍﻻﻗﺘـﺼﺎﺩ‬‫ﻭﻜـﺎﻥ‬ ،‫ﻱ‬
‫ﺒﺎﻟﻎ‬ ‫ﻨﻔﻊ‬ ‫ﺍﻟﻤﻘﺘﺭﺤﺎﺕ‬ ‫ﻫﺫﻩ‬ ‫ﻤﻥ‬ ‫ﻟﻠﻌﺩﻴﺩ‬.‫ﻋﻠﻰ‬ ‫ﺍﻟﻌﻤل‬ ‫ﺒﺩﺃ‬ ‫ﻓﻘﺩ‬ ،‫ﺁﺨﺭ‬ ‫ﺠﺎﻨﺏ‬ ‫ﻭﻋﻠﻰ‬
‫ﺍﻟﺤﻜـﻭﻤﻰ‬ ‫ﺍﻟﻤﺨﺯﻭﻥ‬ ‫ﻭﺍﺩﺍﺭﺓ‬ ‫ﺍﻟﺤﻜﻭﻤﻴﺔ‬ ‫ﺍﻟﻤﺸﺘﺭﻭﺍﺕ‬ ‫ﻤﻨﻅﻭﻤﺔ‬ ‫ﺘﻁﻭﻴﺭ‬‫ﻀـﻤﻥ‬
‫ﺍﻟﻨﻔﻘﺎﺕ‬ ‫ﺘﻭﻓﻴﺭ‬ ‫ﺍﺠﺭﺍﺀﺍﺕ‬.
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‫ﺍﻟﻤـﺎﻟ‬ ‫ﺍﻟﻌـﺎﻡ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺨﻔﺽ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻭﺯﺍﺭﺓ‬ ‫ﻭﺘﺴﺘﻬﺩﻑ‬‫ﻲ‬
‫ﺍﻟﺠﺩﻴﺩ‬٢٠١٤/٢٠١٥‫ﻨ‬ ‫ﺇﻟﻰ‬‫ﺤﻭ‬١٠%-١٠,٥%‫ﺍﻟﻤﺤﻠـﻰ‬ ‫ﺍﻟﻨـﺎﺘﺞ‬ ‫ﻤﻥ‬
‫ﺃ‬‫ﻓ‬ ‫ﹰ‬‫ﺍ‬‫ﺨﺫ‬‫ﻲ‬‫ﺍﻟﺨﺎﺭﺠﻴﺔ‬ ‫ﺍﻟﻤﻨﺢ‬ ‫ﺘﺭﺍﺠﻊ‬ ‫ﺍﻓﺘﺭﺍﺽ‬ ‫ﺍﻻﻋﺘﺒﺎﺭ‬‫ﻋ‬‫ﻤﺼﺭ‬ ‫ﻋﻠﻴﻪ‬ ‫ﺤﺼﻠﺕ‬ ‫ﻤﺎ‬
‫ﺍﺴﺘﺜﻨﺎﺀ‬‫ﹰ‬‫ﺍ‬‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺃﺜﻨﺎﺀ‬٢٠١٣/٢٠١٤،‫ﺍﻟﻤﺭﺤﻠ‬ ‫ﻭﺘﻤﻭﻴل‬‫ﺍﻷ‬ ‫ﺔ‬‫ﻤـﻥ‬ ‫ﻭﻟﻰ‬
‫ﻟﻺﻨﻔﺎﻕ‬ ‫ﺍﻟﺩﺴﺘﻭﺭﻴﺔ‬ ‫ﺍﻻﺴﺘﺤﻘﺎﻗﺎﺕ‬‫ﺒ‬ ‫ﻭﺍﻟﺘﻌﻠﻴــﻡ‬ ‫ﺍﻟﺼﺤﺔ‬ ‫ﻋﻠﻰ‬‫ﺯﻴﺎﺩﺓ‬٢٢‫ﻤﻠﻴﺎﺭ‬
‫ﻤﺒﻠﻎ‬ ‫ﻭﺘﺸﻤل‬ ‫ﺍﻟﺴﺎﺒﻕ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻋﻥ‬ ‫ﺠﻨﻴﻪ‬١١‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﺎﺭ‬‫ﺍﻟﺯﻴـﺎﺩﺓ‬ ‫ﻋﻥ‬ ‫ﺇﻀﺎﻓﻴﺔ‬
‫ﺍﻟﻘﻁﺎﻋﻴﻥ‬ ‫ﻫﺫﻴﻥ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻁﺒﻴﻌﻴﺔ‬‫ﺃﻋﺒﺎﺀ‬ ‫ﻭﺘﻤﻭﻴل‬ ،‫ﺘﻁﺒﻴـﻕ‬‫ﺍﻟﺤـﺩ‬
‫ﻟﻸﺠﻭﺭ‬ ‫ﺍﻷﺩﻨﻰ‬،‫ﻫﻴﻜﻠ‬ ‫ﺍﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺇﺠﺭﺍﺀﺍﺕ‬ ‫ﺴﻴﺘﻁﻠﺏ‬ ‫ﻤﺎ‬ ‫ﻭﻫﻭ‬‫ﻓـ‬ ‫ﻴﺔ‬‫ﻲ‬‫ﺤـﺩﻭ‬‫ﺩ‬
٩٠-١٠٠‫ﺍﻟﻤﺎﻟ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺨﻼل‬ ‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﺎﺭ‬‫ﻲ‬‫ﺍﻟﻘﺎﺩﻡ‬.
‫ﺇ‬‫ﻥ‬‫ﺒﻨﺎﺀ‬ ‫ﺇﻋﺎﺩﺓ‬‫ﻓ‬ ‫ﺍﻟﺜﻘﺔ‬‫ﻲ‬‫ﺍﻹ‬ ‫ﻜﻔﺎﺀﺓ‬‫ﺍﻟﻤﺼﺭ‬ ‫ﻗﺘﺼﺎﺩ‬‫ﻱ‬‫ﻭ‬‫ﺘـﺩﻋﻴﻡ‬‫ﺴـﻼﻤﺔ‬
‫ﻟﻪ‬ ‫ﺍﻟﺤﺎﻜﻤﺔ‬ ‫ﺍﻟﺴﻴﺎﺴﺎﺕ‬‫ﻴ‬ ‫ﻫﻴﻜﻠﻴﺔ‬ ‫ﺇﺼﻼﺤﺎﺕ‬ ‫ﺒﺤﺯﻤﺔ‬‫ﻋﻨـﺼﺭ‬ ‫ﺃﻫـﻡ‬ ‫ﻤﺜل‬‫ﻤـﻥ‬
‫ﻋﻨﺎﺼﺭ‬‫ﺍﻹ‬ ‫ﺨﺭﻭﺝ‬‫ﺍﻟﻤﻌﻴـﺸﻴﺔ‬ ‫ﺍﻷﺤـﻭﺍل‬ ‫ﻭﺘﺤﺴﻴﻥ‬ ‫ﺍﻟﺤﺎﻟﻴﺔ‬ ‫ﺃﺯﻤﺘﻪ‬ ‫ﻤﻥ‬ ‫ﻗﺘﺼﺎﺩ‬
‫ﻤ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻨﺘﻴﺠﺔ‬ ‫ﻟﻠﻤﻭﺍﻁﻨﻴﻥ‬‫ﺘـﺴﻤﺢ‬ ‫ﻤﺎﻟﻴـﺔ‬ ‫ﻤـﻭﺍﺭﺩ‬ ‫ﻭﻭﺠﻭﺩ‬ ‫ﺍﻟﺘﺸﻐﻴل‬ ‫ﻌﺩﻻﺕ‬
‫ﺃﻓﻀل‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﻭﺍﻟﻤﺭﺍﻓﻕ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻋﻠﻰ‬ ‫ﺒﺎﻹﻨﻔﺎﻕ‬.‫ﻭﺒﺎﻟﺘـﺎﻟ‬‫ﻲ‬‫ﻀـﺒﻁ‬ ‫ﻓـﺈﻥ‬
‫ﺍﻹ‬ ‫ﻤﺅﺸﺭﺍﺕ‬‫ﻭﺍﻟﻤﻴﺯﺍﻥ‬ ‫ﻭﺍﻟﺘﻀﺨﻡ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻋﺠﺯ‬ ‫ﻭﺃﻫﻤﻬﺎ‬ ‫ﺍﻟﻜﻠﻰ‬ ‫ﻗﺘﺼﺎﺩ‬
‫ﺍﻟﺠﺎﺭ‬‫ﻱ‬‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﺩﻓﻭﻋﺎﺕ‬ ‫ﺒﻤﻴﺯﺍﻥ‬‫ﺇ‬‫ﻭﺠﺎﺩﺓ‬ ‫ﻫﻴﻜﻠﻴﺔ‬ ‫ﺠﺭﺍﺀﺍﺕ‬‫ﻟﻡ‬‫ﹰ‬‫ﺎ‬‫ﺘﺭﻓـ‬ ‫ﺘﻌﺩ‬
‫ﺃ‬‫ﹰ‬‫ﺍ‬‫ﺍﺨﺘﻴﺎﺭ‬ ‫ﻭ‬‫؛‬‫ﻤﻥ‬ ‫ﺍﻷﻫﻡ‬ ‫ﺃﻥ‬ ‫ﺇﻻ‬‫ﺍﻹ‬ ‫ﺇﺩﺍﺭﺓ‬ ‫ﻤﻨﻬﺠﻴـﺔ‬ ‫ﺘﻐﻴﻴﺭ‬ ‫ﻫﻭ‬ ‫ﻜﻠﻪ‬ ‫ﺫﻟﻙ‬‫ﻗﺘـﺼﺎﺩ‬
‫ﺍﻟﻘﻭﻤ‬‫ﻲ‬‫ﻤﺭﺍﻓﻕ‬ ‫ﻭﻤﺨﺘﻠﻑ‬‫ﻜﻔﺎ‬ ‫ﻭﺭﻓﻊ‬ ‫ﺍﻟﺩﻭﻟﺔ‬‫ﺀ‬‫ﺘﻬﺎ‬.
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‫ﺍﻟﻔﺼﻞ‬‫ﺍﻷﻭﻝ‬
‫ــــ‬
‫ﳌﺸﺮﻭﻉ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻹﻃﺎﺭ‬
‫ﻟﻠﺪﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻣﺔ‬ ‫ﺍﳌﻮﺍﺯﻧﺔ‬
‫ﺍﳌﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻨﺔ‬٢٠١٤/٢٠١٥
‫ـــــ‬
‫ﺍﻟﺴﻴﺪ‬/‫ﺍﻟﻌﺮﺑﻴﺔ‬ ‫ﻣﺼﺮ‬ ‫ﲨﻬﻮﺭﻳﺔ‬ ‫ﺭﺋﻴﺲ‬
‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﻟﻠﻌﺎﻡ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﺇﻋﺩﺍﺩ‬ ‫ﻴﺄﺘﻰ‬٢٠١٤/٢٠١٥‫ﻜﺨﻁﻭﺓ‬
‫ﻭﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻷﻫﺩﺍﻑ‬ ‫ﻤﻥ‬ ‫ﻋﺩﺩ‬ ‫ﺘﺤﻘﻴﻕ‬ ‫ﻨﺤﻭ‬‫ﺨﻼل‬ ‫ﻤﻥ‬‫ﺘﻭﻓﻴﺭ‬
‫ﻤﺴﺘﻭﻯ‬ ‫ﺘﺤﺴﻴﻥ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻤﻭﺍﻁﻨﻴﻥ‬ ‫ﺘﻁﻠﻌﺎﺕ‬ ‫ﻟﺘﻠﺒﻴﺔ‬ ‫ﺍﻟﻤﻁﻠﻭﺒﺔ‬ ‫ﺍﻹﻋﺘﻤﺎﺩﺍﺕ‬
‫ﺍﻟﻌﺩﺍ‬ ‫ﻭﺘﺩﻋﻴﻡ‬ ،‫ﺍﻟﻔﻘﺭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻭﺨﻔﺽ‬ ،‫ﺍﻟﻤﻌﻴﺸﺔ‬‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﻟﺔ‬
‫ﻭﻀﻊ‬‫ﺃ‬‫ﺍﻹﺴﺘﻘﺭﺍﺭ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ،‫ﺍﻟﺸﺎﻤل‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﻟﻠﻨﻤﻭ‬ ‫ﺴﻠﻴﻤﺔ‬ ‫ﺴﺱ‬
‫ﺃﻋﺒﺎﺀ‬ ‫ﻭﺘﺨﻔﻴﻑ‬ ،‫ﺍﻟﻤﺘﻭﺴﻁ‬ ‫ﺍﻟﻤﺩﻯ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻭﺍﻹﺴﺘﺩﺍﻤﺔ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬
‫ﺍﻟﻘﺎﺩﻤﺔ‬ ‫ﺍﻷﺠﻴﺎل‬ ‫ﻋﻥ‬ ‫ﻭﺨﺩﻤﺘﻬﺎ‬ ‫ﺍﻟﺩﻴﻭﻥ‬.
‫ﻟﻠﺴﻴﺎﺴﺔ‬ ‫ﻭﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻷﻫﺩﺍﻑ‬ ‫ﺍﻟﺠﺯﺀ‬ ‫ﻫﺫﺍ‬ ‫ﻭﻴﻌﺭﺽ‬
‫ﺍﻟﺤ‬ ‫ﻭﺍﻟﻤﺒﺎﺩﻯﺀ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﻹﻋﺩﺍﺩ‬ ‫ﺎﻜﻤﺔ‬
٢٠١٤/٢٠١٥‫ﺘﻡ‬ ‫ﺍﻟﺫﻯ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻹﻁﺎﺭ‬ ‫ﻴﻌﺭﺽ‬ ‫ﻜﻤﺎ‬ ،‫ﻤﻥ‬‫ﺇﻋﺩﺍﺩ‬ ‫ﺨﻼﻟﻪ‬
‫ﺍﻟﺘﺤﺩﻴﺎﺕ‬ ‫ﻭﺃﻫﻡ‬ ،‫ﺍﻟﻌﺎﻟﻤﻰ‬ ‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﺃﺩﺍﺀ‬ ‫ﺘﻁﻭﺭﺍﺕ‬ ‫ﻭﻴﺸﻤل‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬
‫ﺍﻟﺭﺍﻫﻥ‬ ‫ﺍﻟﻭﻗﺕ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻤﺼﺭﻯ‬ ‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﺘﻭﺍﺠﻪ‬ ‫ﺍﻟﺘﻰ‬.‫ﺍﻟﻤﻼﻤﺢ‬ ‫ﻴﻌﺭﺽ‬ ‫ﺜﻡ‬
‫ﻟﻤﺸﺭ‬ ‫ﺍﻹﺠﻤﺎﻟﻴﺔ‬ ‫ﻟﻠﺘﻘﺩﻴﺭﺍﺕ‬ ‫ﺍﻟﺭﺌﻴﺴﻴﺔ‬‫ﻋﻠﻰ‬ ‫ﺒﺎﻟﺘﺭﻜﻴﺯ‬ ،‫ﺍﻟﻤﻌﺭﻭﺽ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻭﻉ‬
‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﻟﺘﺩﻋﻴﻡ‬ ‫ﺇﻨﻔﺎﻕ‬ ‫ﻤﻥ‬ ‫ﺘﻀﻤﻨﻪ‬ ‫ﻤﺎ‬.‫ﺍﻟﺠﺯﺀ‬ ‫ﻫﺫﺍ‬ ‫ﻴﻌﺭﺽ‬ ‫ﻜﻤﺎ‬
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‫ﺨﻁﻭﺓ‬ ‫ﺘﻌﺩ‬ ‫ﻭﺍﻟﺘﻲ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﻴﺸﻤﻠﻬﺎ‬ ‫ﺍﻟﺘﻰ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻹﺼﻼﺤﺎﺕ‬ ‫ﺃﻫﻡ‬
‫ﻤﺎﻟﻴﺔ‬ ‫ﻤﻭﺍﺭﺩ‬ ‫ﻭﺘﻭﻓﻴﺭ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺃﻭﻟﻭﻴﺎﺕ‬ ‫ﺘﺭﺘﻴﺏ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﻨﺤﻭ‬ ‫ﺭﺌﻴﺴﻴﺔ‬
‫ﺇﻟ‬ ‫ﺘﻨﻔﻴﺫ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺩﻭﻟﺔ‬ ‫ﺘﻤﻜﻥ‬ ‫ﻤﻨﺘﻅﻤﺔ‬‫ﻭﺘﻀﻤﻥ‬ ،‫ﺍﻟﺘﻨﻤﻭﻯ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﻓﻰ‬ ‫ﺘﺯﺍﻤﺎﺘﻬﺎ‬
‫ﺘﺤﻘ‬‫ﻴ‬‫ﺍﻟﻤﺘﻭﺴﻁ‬ ‫ﺍﻟﻤﺩﻯ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻹﺴﺘﻘﺭﺍﺭ‬ ‫ﻕ‬.
‫ﺃﻭﻻ‬
ً
:‫ﺍﳌﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻴﺎﺳﺔ‬ ‫ﻭﺍﻹﺟﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻳﺔ‬ ‫ﺍﻷﻫﺪﺍﻑ‬
‫ﺃﺴﺎﺴﻬﺎ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻡ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻴﺎﺴﺔ‬ ‫ﺍﻟﺭﺌﻴﺴﻴﺔ‬ ‫ﺍﻷﻫﺩﺍﻑ‬ ‫ﺘﺘﻤﺜل‬
‫ﺍﻟﻤﺎﻟﻲ‬ ‫ﻟﻠﻌﺎﻡ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﺇﻋﺩﺍﺩ‬٢٠١٤/٢٠١٥‫ﺍﻟﺘﺎﻟﻲ‬ ‫ﻓﻲ‬:
١-‫ﻤﻌﺩﻻﺕ‬ ‫ﺯﻴﺎﺩﺓ‬‫ﺍﻟﺘﺸﻐﻴل‬:
‫ﻭﺘﺤـﺴﻴﻥ‬ ‫ﺍﻟﻔﻘﺭ‬ ‫ﻤﺤﺎﺭﺒﺔ‬ ‫ﻓﻲ‬ ‫ﻭﺍﻷﻫﻡ‬ ‫ﺍﻟﺤﺼﻴﻥ‬ ‫ﺍﻟﺩﻓﺎﻉ‬ ‫ﺨﻁ‬ ‫ﻫﻭ‬ ‫ﺍﻟﺘﺸﻐﻴل‬
‫ﺍﻟﻤﺤﻠـﻲ‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭ‬ ‫ﺘﺩﻓﻘﺎﺕ‬ ‫ﻋﻭﺩﺓ‬ ‫ﻴﺘﻁﻠﺏ‬ ‫ﻤﺎ‬ ‫ﻭﻫﻭ‬ ،‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬ ‫ﺍﻷﺤﻭﺍل‬
‫ﻤﺴﺘﻘﺭﺓ‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﻭﺍﻷﺠﻨﺒﻲ‬.‫ﺒﻌﺠﻠـﺔ‬ ‫ﻟﻠﺩﻓﻊ‬ ‫ﺭﺌﻴﺴﻴﺔ‬ ‫ﻋﻨﺎﺼﺭ‬ ‫ﻋﺩﺓ‬ ‫ﻭﻫﻨﺎﻙ‬
‫ﺤﻘﻴﻘﻴﺔ‬ ‫ﻋﻤل‬ ‫ﻓﺭﺹ‬ ‫ﻟﺘﻭﻟﻴﺩ‬ ‫ﺍﻟﻤﻁﻠﻭﺒﺔ‬ ‫ﺍﻟﻤﻌﺩﻻﺕ‬ ‫ﺇﻟﻰ‬ ‫ﻭﺍﻟﺘﺸﻐﻴل‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭ‬
‫ﻭﻓﻭﺍﺌﺽ‬‫ﺍﻟﺒﻨـﻭﺩ‬ ‫ﻓـﻲ‬ ‫ﺘﺘﻠﺨﺹ‬ ‫ﹰ‬‫ﺎ‬‫ﺫﺍﺘﻴ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﻨﺸﺎﻁ‬ ‫ﻴﻨﺘﺠﻬﺎ‬ ‫ﻤﺎﻟﻴﺔ‬
‫ﺍﻟﺘﺎﻟﻴﺔ‬:
‫ﺃ‬-‫ﺍﻟﻜﻠﻴـﺔ‬ ‫ﺍﻟﻤﺅﺸـﺭﺍﺕ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻻﺴﺘﻘﺭﺍﺭ‬ ‫ﺘﺤﻘﻴﻕ‬
‫ﺍﻟﺠﺎﺭﻱ‬ ‫ﻭﺍﻟﻤﻴﺯﺍﻥ‬ ،‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺒﺎﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺨﻔﺽ‬ ‫ﻭﺃﻫﻤﻬﺎ‬
‫ﺍﻟﺘﻤﻭﻴـل‬ ‫ﻭﺘﻜﻠﻔﺔ‬ ،‫ﺍﻟﺘﻀﺨﻡ‬ ‫ﻭﻤﻌﺩﻻﺕ‬ ‫ﺍﻟﻤﺩﻓﻭﻋﺎﺕ‬ ‫ﺒﻤﻴﺯﺍﻥ‬)‫ﻭﺍﻟﺘـﻲ‬
‫ﺍﻟﻤ‬ ‫ﺤﺠﻡ‬ ‫ﹰ‬‫ﺎ‬‫ﺃﻴﻀ‬ ‫ﻁﻴﺎﺘﻬﺎ‬ ‫ﻓﻲ‬ ‫ﺘﻌﻜﺱ‬‫ﺍﻟﻤـﺼﺭﻱ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﻓﻲ‬ ‫ﺨﺎﻁﺭ‬(،
‫ﻭﺍﻻﺴﺘﺜﻤﺎﺭ‬ ‫ﺍﻻﺩﺨﺎﺭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻴﺤﻘﻕ‬ ‫ﻤﻤﺎ‬.‫ﻴﺘﻡ‬ ‫ﺃﻥ‬ ‫ﻴﺠﺏ‬ ‫ﻭﻜﺫﻟﻙ‬
‫ﻤـﻊ‬ ‫ﻫﻴﻜﻠﻴﺔ‬ ‫ﺍﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺇﺠﺭﺍﺀﺍﺕ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﺍﻹﺴﺘﻘﺭﺍﺭ‬ ‫ﻫﺫﺍ‬ ‫ﺘﺤﻘﻴﻕ‬
‫ﺍﻟـﺴﻴﺎﺴﺔ‬ ‫ﻻﺴـﺘﻘﺭﺍﺭ‬ ‫ﺍﻟﺩﺍﻋﻤـﺔ‬ ‫ﺍﻟﻤﺅﺴـﺴﻴﺔ‬ ‫ﺍﻻﻋﺘﺒﺎﺭﺍﺕ‬ ‫ﻤﺭﺍﻋﺎﺓ‬
‫ﺘﻭﻗﻌﻬﺎ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺍﻟﻘﺩﺭﺓ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬.
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‫ﺏ‬-‫ﻤﻭ‬ ‫ﺒﻴﺌﺔ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ‫ﺍﻷﻋﻤﺎل‬ ‫ﻤﻨﺎﺥ‬ ‫ﺘﺤﺴﻴﻥ‬‫ﻭﻴﺸﻤل‬ ‫ﻟﻼﺴﺘﺜﻤﺎﺭ‬ ‫ﺍﺘﻴﺔ‬
‫ﻭﻋـﺩﻡ‬ ‫ﺘﻨﻘﻴﺘﻬـﺎ‬ ‫ﻤﻥ‬ ‫ﻭﺍﻟﺘﺄﻜﺩ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻟﺘﺸﺭﻴﻌﺎﺕ‬ ‫ﻤﺭﺍﺠﻌﺔ‬ ‫ﺫﻟﻙ‬
‫ﺍﻟﺴﺎﺒﻕ‬ ‫ﻓﻰ‬ ‫ﺘﻤﺕ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻟﻌﻘﻭﺩ‬ ‫ﻭﺤﻤﺎﻴﺔ‬ ،‫ﻁﻴﺎﺘﻬﺎ‬ ‫ﻓﻲ‬ ‫ﺘﻀﺎﺭﺏ‬ ‫ﻭﺠﻭﺩ‬
‫ﻫﺎﻤـﺔ‬ ‫ﺒﺭﺴـﺎﻟﺔ‬ ‫ﻴﺒﻌﺙ‬ ‫ﻤﺎ‬ ‫ﻭﻫﻭ‬ ،‫ﻓﺴﺎﺩ‬ ‫ﺸﺎﺌﺒﺔ‬ ‫ﻴﺸﺒﻬﺎ‬ ‫ﻟﻡ‬ ‫ﺃﻨﻪ‬ ‫ﻁﺎﻟﻤﺎ‬
‫ﺍﻹﺠـﺭﺍﺀﺍﺕ‬ ‫ﻜﺎﻓﺔ‬ ‫ﻭﺍﺘﺨﺎﺫ‬ ،‫ﺘﻌﺎﻗﺩﺍﺘﻬﺎ‬ ‫ﺍﺤﺘﺭﺍﻡ‬ ‫ﻓﻲ‬ ‫ﻤﺼﺭ‬ ‫ﺠﺩﻴﺔ‬ ‫ﻨﺤﻭ‬
‫ﻟﺴﺭﻋﺔ‬ ‫ﺍﻟﺩﺍﻋﻤﺔ‬‫ﺼـﺤﻴﺔ‬ ‫ﺒﻴﺌـﺔ‬ ‫ﻓﻲ‬ ‫ﻭﺍﻟﻌﻤل‬ ‫ﺍﻟﺘﺭﺍﺨﻴﺹ‬ ‫ﺍﺴﺘﺼﺩﺍﺭ‬
‫ﺍﻟﺘﻨﺒﺅ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺍﻟﻘﺩﺭﺓ‬ ‫ﺍﻟﻌﺎﺩﻟﺔ‬ ‫ﻭﺍﻟﻤﻨﺎﻓﺴﺔ‬ ‫ﺒﺎﻟﻴﺴﺭ‬ ‫ﺘﺘﺴﻡ‬ ‫ﻟﻸﻋﻤﺎل‬.
‫ﺝ‬-‫ﻓـﻰ‬ ‫ﺒﻤﺎ‬ ‫ﺍﻷﻨﺸﻁﺔ‬ ‫ﻟﻤﺨﺘﻠﻑ‬ ‫ﺍﻟﻤﻁﻠﻭﺒﺔ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﺘﻭﻓﻴﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﺘﺄﻜﻴﺩ‬
‫ﺍﻟﺠﺩﻴـﺩﺓ‬ ‫ﺍﻟﻁﺎﻗـﺔ‬ ‫ﻨﺤـﻭ‬ ‫ﺒﻘﻭﺓ‬ ‫ﻭﺍﻹﺘﺠﺎﻩ‬ ‫ﻤﺼﺎﺩﺭﻫﺎ‬ ‫ﺘﻨﻭﻉ‬ ‫ﻤﻥ‬ ‫ﺫﻟﻙ‬
‫ﻭﺍﻟﻤﺘﺠﺩﺩﺓ‬.
‫ﺩ‬-‫ﻭﺃﺼﺤﺎﺏ‬ ‫ﺍﻟﻌﻤﺎل‬ ‫ﺤﻘﻭﻕ‬ ‫ﺒﻴﻥ‬ ‫ﺍﻟﺘﻭﺍﺯﻥ‬ ‫ﺘﺤﻘﻴﻕ‬‫ﻜـل‬ ‫ﻭﻭﺍﺠﺒﺎﺕ‬ ‫ﺍﻟﻌﻤل‬
‫ﻭﻴـﺩﻋﻡ‬ ،‫ﺍﻟﻤـﺼﺭﻱ‬ ‫ﻟﻠﺸﻌﺏ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﺼﺎﻟﺢ‬ ‫ﻴﺤﻘﻕ‬ ‫ﺒﻤﺎ‬ ‫ﺍﻟﻁﺭﻓﻴﻥ‬ ‫ﻤﻥ‬
‫ﺒﺎﻟﻨـﺴﺒﺔ‬ ‫ﺍﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﺍﻟﻤﻌﺩﻻﺕ‬ ‫ﻟﺘﻭﺍﻜﺏ‬ ‫ﺍﻟﻤﺼﺭﻯ‬ ‫ﺍﻟﻌﺎﻤل‬ ‫ﺇﻨﺘﺎﺠﻴﺔ‬ ‫ﺭﻓﻊ‬
‫ﻭﺍﻟﺘﺄﻫﻴل‬ ‫ﺒﺎﻟﺘﺩﺭﻴﺏ‬ ‫ﺍﻹﻫﺘﻤﺎﻡ‬ ‫ﻭﻤﻊ‬ ،‫ﻟﻸﺠﺭ‬.
‫ﻩ‬-‫ﻟﻼﺴﺘﺜﻤﺎﺭ‬ ‫ﺍﻷﻤﻭﺍل‬ ‫ﺭﺅﻭﺱ‬ ‫ﻟﺘﻭﺠﻴﻪ‬ ‫ﺍﻟﺩﺍﻋﻤﺔ‬ ‫ﺍﻟﺴﻴﺎﺴﺎﺕ‬ ‫ﻜﺎﻓﺔ‬ ‫ﺇﻟﻐﺎﺀ‬
‫ﻟﻠ‬ ‫ﺍﻻﺴﺘﺨﺩﺍﻡ‬ ‫ﻜﺜﻴﻔﺔ‬ ‫ﺼﻨﺎﻋﺎﺕ‬ ‫ﻓﻲ‬‫ﻜﺜﻴﻔـﺔ‬ ‫ﻏﻴﺭ‬ ‫ﺒﻁﺒﻴﻌﺘﻬﺎ‬ ‫ﻭﻫﻲ‬ ‫ﻁﺎﻗﺔ‬
‫ﺍﺴﺘﺜﻤﺎﺭﺍﺘﻬﺎ‬ ‫ﺤﺠﻡ‬ ‫ﺇﻟﻰ‬ ‫ﻜﻨﺴﺒﺔ‬ ‫ﺍﻟﻌﻤﺎﻟﺔ‬ ‫ﻹﺴﺘﺨﺩﺍﻡ‬.
‫ﻭ‬-،‫ﺍﻟﻤـﺼﺩﺭﺓ‬ ‫ﺍﻟﻤﻨﺘﺠـﺎﺕ‬ ‫ﻭﻨﻭﻋﻴﺔ‬ ‫ﺍﻟﺘﺼﺩﻴﺭ‬ ‫ﺃﺴﻭﺍﻕ‬ ‫ﻨﻁﺎﻕ‬ ‫ﺘﻭﺴﻴﻊ‬
‫ﺒﻘﻴﻤـﺔ‬ ‫ﺘﺘﻤﻴـﺯ‬ ‫ﻻ‬ ‫ﻤﻨﺘﺠـﺎﺕ‬ ‫ﻟﺘﺼﺩﻴﺭ‬ ‫ﺩﺍﻋﻤﺔ‬ ‫ﺴﻴﺎﺴﺎﺕ‬ ‫ﺃﻱ‬ ‫ﻭﺇﻟﻐﺎﺀ‬
‫ﺍﻟﺘﺸﻐﻴل‬ ‫ﻓﻰ‬ ‫ﺒﻭﻓﺭﺓ‬ ‫ﺃﻭ‬ ،‫ﻋﺎﻟﻴﻪ‬ ‫ﻤﻀﺎﻓﺔ‬.
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‫ﺯ‬-‫ﻁﺎﻗﺎﺘﻬـﺎ‬ ‫ﻭﺘﻭﺴﻌﺔ‬ ‫ﺍﻟﺘﺤﺘﻴﺔ‬ ‫ﻟﻠﺒﻨﻴﺔ‬ ‫ﺍﻟﻤﺴﺘﻤﺭ‬ ‫ﺍﻟﺘﻁﻭﻴﺭ‬‫ﺍﻻﺴـﺘﻴﻌﺎﺒﻴﺔ‬
‫ﺍﻟﺭﻗﻌـﺔ‬ ‫ﻭﺘﻭﺴـﻌﺔ‬ ‫ﻭﺍﻟﺼﻨﺎﻋﺔ‬ ‫ﻭﺍﻟﻁﺎﻗﺔ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻤﺠﺎﻻﺕ‬ ‫ﻓﻲ‬ ‫ﺨﺎﺼﺔ‬
‫ﺁﻟﻴـﺔ‬ ‫ﺇﺴـﺘﺨﺩﺍﻡ‬ ‫ﻓـﻰ‬ ‫ﺍﻟﺘﻭﺴﻊ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﻭﻏﻴﺭﻫﺎ‬ ‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬
‫ﺘﻨﻔﻴـﺫ‬ ‫ﻤـﻥ‬ ‫ﻟﻺﺴـﺭﺍﻉ‬ ‫ﻭﺍﻟﺨﺎﺹ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﻘﻁﺎﻋﻴﻥ‬ ‫ﺒﻴﻥ‬ ‫ﺍﻟﻤﺸﺎﺭﻜﺔ‬
‫ﻜﻔﺎﺀﺘﻬﺎ‬ ‫ﻭﺭﻓﻊ‬ ‫ﺍﻷﺴﺎﺴﻴﺔ‬ ‫ﺍﻟﺒﻨﻴﺔ‬ ‫ﻓﻰ‬ ‫ﺠﺩﻴﺩﺓ‬ ‫ﻤﺸﺭﻭﻋﺎﺕ‬.
‫ﺡ‬-‫ﻤﺴﺘﻤﺭ‬ ‫ﺒﺸﻜل‬ ‫ﻟﻠﺘﻤﻭﻴل‬ ‫ﺠﺩﻴﺩﺓ‬ ‫ﺁﻟﻴﺎﺕ‬ ‫ﺍﺴﺘﺤﺩﺍﺙ‬‫ﺍﺤﺘﻴﺎﺠـﺎﺕ‬ ‫ﺘﻭﺍﻜﺏ‬
‫ﺍﻟﻼﺯﻤﺔ‬ ‫ﺒﺎﻟﻤﺭﻭﻨﺔ‬ ‫ﻭﺘﺘﺴﻡ‬ ‫ﺍﻟﻤﺨﺘﻠﻔﺔ‬ ‫ﺍﻟﺴﻭﻕ‬.
‫ﻁ‬-‫ﺘﻨـﺼﺏ‬ ‫ﻭﺍﻟﺘـﻰ‬ ‫ﺇﻗﺭﺍﺭﻫﺎ‬ ‫ﺍﻟﺴﺎﺒﻕ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﺘﻨﺸﻴﻁ‬ ‫ﺤﺯﻡ‬ ‫ﺘﻌﺯﻴﺯ‬
‫ﻤﻭﺠﻬـﺔ‬ ‫ﺒﺤـﺯﻡ‬ ‫ﺍﻷﻭل‬ ‫ﺍﻟﻤﻘﺎﻡ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﺭﻓﻊ‬ ‫ﻋﻠﻰ‬
‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﻨﺸﺎﻁ‬ ‫ﻋﺠﻠﺔ‬ ‫ﺩﻓﻊ‬ ‫ﻓﻲ‬ ‫ﺍﻟﺭﺍﺌﺩﺓ‬ ‫ﻟﻠﻘﻁﺎﻋﺎﺕ‬)‫ﺍﻻﺘﺼﺎﻻﺕ‬–
‫ﺍﻟﺘﺤﻭﻴﻠﻴﺔ‬ ‫ﺍﻟﺼﻨﺎﻋﺎﺕ‬–‫ﺍﻟﺴﻴﺎﺤﺔ‬–‫ﺍﻹﺴ‬‫ﻜﺎﻥ‬(‫ﺘﻭﺴﻌﺔ‬ ‫ﻓﻲ‬ ‫ﻭﺘﺴﻬﻡ‬ ،
‫ﺍﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﻫﻴﻜﻠﺔ‬ ‫ﻭﺇﻋﺎﺩﺓ‬ ‫ﺠﺎﻨﺏ‬ ‫ﻤﻥ‬ ‫ﺍﻹﻨﺘﺎﺠﻴﺔ‬ ‫ﻭﻗﻭﺍﻋﺩﻫﺎ‬ ‫ﻁﺎﻗﺎﺘﻬﺎ‬
‫ﺍﻻﻗﺘـﺼﺎﺩ‬ ‫ﺘﻨﺎﻓـﺴﻴﺔ‬ ‫ﻟﺯﻴـﺎﺩﺓ‬ ‫ﺁﺨﺭ‬ ‫ﺠﺎﻨﺏ‬ ‫ﻤﻥ‬ ‫ﺒﻬﺎ‬ ‫ﺍﻟﺨﺎﺹ‬ ‫ﺍﻟﻘﻁﺎﻉ‬
‫ﺍﻟﻤﺼﺭﻱ‬.
‫ﻱ‬-‫ﺨـﻼل‬ ‫ﻤـﻥ‬ ‫ﻴـﺘﻡ‬ ‫ﺍﻟـﺫﻯ‬ ‫ﺍﻹﺴﺘﺜﻤﺎﺭﻯ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﻤﺨﺼﺼﺎﺕ‬ ‫ﺯﻴﺎﺩﺓ‬
‫ﻤﺒﺎﺸﺭﺓ‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬.‫ﻤـﺸﺭﻭﻉ‬ ‫ﺍﺸـﺘﻤل‬ ‫ﻭﻗﺩ‬
‫ﺍﻟﻌﺎﻤ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬‫ﺍﻟﺠﺩﻴـﺩ‬ ‫ﺍﻟﻤـﺎﻟﻰ‬ ‫ﻟﻠﻌـﺎﻡ‬ ‫ﺔ‬٢٠١٤/٢٠١٥‫ﻋﻠـﻰ‬
‫ﺘﺠـﺎﻭﺯ‬ ‫ﺒﻨـﺴﺒﺔ‬ ‫ﺍﻟﺨﺯﺍﻨـﺔ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﻤﻭﻟﺔ‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﻤﺨﺼﺼﺎﺕ‬
٣٠,٨%‫ﻨﺤﻭ‬ ‫ﺇﻟﻰ‬ ‫ﻟﺘﺼل‬٤٥‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﺎﺭ‬)‫ﺠﻤﻠـﺔ‬ ‫ﻀـﻤﻥ‬ ‫ﻤـﻥ‬
‫ﻨﺤﻭ‬ ‫ﻤﺨﺼﺼﺎﺕ‬٦٧‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﺎﺭ‬(‫ﻤﻘﺎﺒل‬ ،٣٤,٤‫ﻓـﻰ‬ ‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﺎﺭ‬
‫ﻋﺎﻡ‬٢٠١٣/٢٠١٤‫ﺍﻟﺯﻴﺎﺩﺓ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺃﻋﻠﻰ‬ ‫ﻤﻥ‬ ‫ﻭﻫﻰ‬ ،.
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‫ﻙ‬-‫ﺘﻨﻤﻭﻴﺔ‬ ‫ﻤﺸﺭﻭﻋﺎﺕ‬ ‫ﺒﺘﻨﻔﻴﺫ‬ ‫ﺍﻟﻘﻴﺎﻡ‬‫ﺃﻗﻠـﻴﻡ‬ ‫ﺘﻨﻤﻴﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﻤﺜل‬ ‫ﻜﺒﺭﻯ‬
‫ﻭﻤـﺸﺭﻭﻋﺎﺕ‬ ،‫ﺍﻟﻘﻨـﺎﺓ‬ ‫ﻤﻤـﺭ‬ ‫ﺍﺯﺩﻭﺍﺝ‬ ‫ﻭﻤﺸﺭﻭﻉ‬ ،‫ﺍﻟﺴﻭﻴﺱ‬ ‫ﻗﻨﺎﺓ‬
‫ﻀـﺨﻤﺔ‬ ‫ﻋﻤل‬ ‫ﻓﺭﺹ‬ ‫ﺘﻭﻓﻴﺭ‬ ‫ﺸﺄﻨﻪ‬ ‫ﻤﻥ‬ ‫ﻤﺎ‬ ‫ﻭﻫﻭ‬ ‫ﺍﻟﻌﻤﺭﺍﻨﻰ‬ ‫ﺍﻟﺘﻭﺴﻊ‬
‫ﻭﺍﻟﺼﻨﺎﻋﺎﺕ‬ ‫ﺍﻟﻤﻬﻥ‬ ‫ﻤﺨﺘﻠﻑ‬ ‫ﻷﺒﻨﺎﺀ‬.
٢-‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﺘﺩﻋﻴﻡ‬
‫ﻤـﺩﺍﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻭﺠﻴﻬﻬﺎ‬ ‫ﺘﻡ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻟﻀﺨﻤﺔ‬ ‫ﺍﻟﻤﺨﺼﺼﺎﺕ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺭﻏﻡ‬ ‫ﻋﻠﻰ‬
‫ﻟﻺﻨ‬ ‫ﺍﻟﻤﺎﻀﻴﺔ‬ ‫ﺍﻟﻌﻘﻭﺩ‬‫ﺇﻻ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﻟﻠﺒﻌﺩ‬ ‫ﺍﻟﺩﺍﻋﻤﺔ‬ ‫ﺍﻟﻤﺠﺎﻻﺕ‬ ‫ﻋﻠﻰ‬ ‫ﻔﺎﻕ‬
‫ﺘﺘﻨﺎﺴﺏ‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﻟﻠﻤﺼﺭﻴﻴﻥ‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬ ‫ﺍﻷﺤﻭﺍل‬ ‫ﻋﻠﻰ‬ ‫ﻴﻨﻌﻜﺱ‬ ‫ﻟﻡ‬ ‫ﻫﺫﺍ‬ ‫ﺃﻥ‬
‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺤﺠﻡ‬ ‫ﻤﻊ‬.‫ﺍﻟﻁﻤﻭﺤﺎﺕ‬ ‫ﺍﺤﺘﻭﺍﺀ‬ ‫ﺍﻟﻤﺘﻌﺎﻗﺒﺔ‬ ‫ﺍﻟﺤﻜﻭﻤﺎﺕ‬ ‫ﺤﺎﻭﻟﺕ‬ ‫ﻓﻘﺩ‬
‫ﻗـﺩﺭ‬ ‫ﺍﻟﺤﻔـﺎﻅ‬ ‫ﻭﻤـﻊ‬ ،‫ﻭﺍﻟﻤﻌﺎﺸـﺎﺕ‬ ‫ﺍﻷﺠﻭﺭ‬ ‫ﻓﻲ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺸﻌﺒﻴﺔ‬
‫ﻭﺍﻟﺨ‬ ‫ﺍﻟﻐﺫﺍﺌﻴﺔ‬ ‫ﺍﻟﻤﻭﺍﺩ‬ ‫ﻭﻓﺭﺓ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺴﺘﻁﺎﻉ‬‫ﺍﺭﺘﻔـﺎﻉ‬ ‫ﺭﻏﻡ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺩﻤﺎﺕ‬
‫ﺍﻟﻤـﺄﻤﻭل‬ ‫ﺒﺎﻟـﺸﻜل‬ ‫ﻴﻨﻌﻜﺱ‬ ‫ﻟﻡ‬ ‫ﻫﺫﺍ‬ ‫ﺃﻥ‬ ‫ﺇﻻ‬ ،‫ﻤﻀﻁﺭﺩﺓ‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﺘﻜﻠﻔﺘﻬﺎ‬
‫ﻭﺍﻟﺘـﻰ‬ ‫ﻟـﺫﻟﻙ‬ ‫ﺍﻟﻜﺎﻓﻴـﺔ‬ ‫ﺍﻟﻤﻭﺍﺭﺩ‬ ‫ﺘﻭﺍﻓﺭ‬ ‫ﻟﻌﺩﻡ‬ ‫ﹰ‬‫ﺍ‬‫ﻨﻅﺭ‬ ‫ﺍﻟﺤﻴﺎﺓ‬ ‫ﺠﻭﺩﺓ‬ ‫ﻋﻠﻰ‬
‫ﺍﻟﺤﺘﻤﻴﺎﺕ‬ ‫ﻭﺒﺎﻗﻰ‬ ‫ﺍﻟﺯﻴﺎﺩﺍﺕ‬ ‫ﻫﺫﻩ‬ ‫ﺘﻤﺘﺼﻬﺎ‬.
‫ﻋﻠـﻰ‬ ‫ﺘﻘﺩﻡ‬ ‫ﺘﺤﻘﻴﻕ‬ ‫ﻴﺘﻡ‬ ‫ﻟﻡ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺒﺎﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﻓﺠﻭﺓ‬ ‫ﺍﺘﺴﺎﻉ‬ ‫ﻭﻤﻊ‬
‫ﺴﻭﺍ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻟﺠﺎﻨﺏ‬‫ﺍﻷﺤـﻭﺍل‬ ‫ﺘﺤـﺴﻴﻥ‬ ‫ﺃﻭ‬ ‫ﺍﻟﻔﻘـﺭ‬ ‫ﻤﺤﺎﺭﺒﺔ‬ ‫ﻓﻲ‬ ‫ﺀ‬
‫ﺍﻟـﻀﺨﻤﺔ‬ ‫ﻭﺍﻟﻤﺨﺼـﺼﺎﺕ‬ ‫ﺍﻟﻤﺒﺎﻟﻎ‬ ‫ﻤﻊ‬ ‫ﻴﺘﻨﺎﺴﺏ‬ ‫ﻟﻠﻤﻭﺍﻁﻨﻴﻥ‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬
‫ﺍﻟﺘـﻲ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﻭﺍﻟﺒﺭﺍﻤﺞ‬ ‫ﺍﻟﻨﻘﺩﻴﺔ‬ ‫ﻭﺍﻟﺘﺤﻭﻴﻼﺕ‬ ‫ﺍﻟﺩﻋﻡ‬ ‫ﻋﻠﻰ‬ ‫ﻟﻺﻨﻔﺎﻕ‬
‫ﻗﺎﺭﺒﺕ‬١٠٠٠،‫ﺍﻷﺨﻴـﺭﺓ‬ ‫ﺍﻟﻌـﺸﺭ‬ ‫ﺍﻟـﺴﻨﻭﺍﺕ‬ ‫ﻤﺩﺍﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﺎﺭ‬
‫ﻭﺍﻻﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﻭﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﺍﻟﺼﺤﺔ‬ ‫ﻋﻠﻰ‬ ‫ﺇﻨﻔﺎﻗﻪ‬ ‫ﺘﻡ‬ ‫ﻤﺎ‬ ‫ﺒﺨﻼﻑ‬‫ﺍﻟﺒﻨﻴـﺔ‬ ‫ﻓﻲ‬
‫ﻓـﻲ‬ ‫ﻭﺤﺎﺴﻤﺔ‬ ‫ﺠﺎﺩﺓ‬ ‫ﻭﻗﻔﺔ‬ ‫ﻫﻨﺎﻙ‬ ‫ﺘﻜﻭﻥ‬ ‫ﺃﻥ‬ ‫ﹰ‬‫ﺎ‬‫ﻀﺭﻭﺭﻴ‬ ‫ﺒﺎﺕ‬ ‫ﻟﺫﺍ‬ ،‫ﺍﻟﺘﺤﺘﻴﺔ‬
‫ﺍﻟﺤﻜـﻭﻤﻲ‬ ‫ﺍﻹﻨﻔـﺎﻕ‬ ‫ﻭﻓﺎﻋﻠﻴﺔ‬ ‫ﺍﻟﻘﻭﻤﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﺇﺩﺍﺭﺓ‬ ‫ﻤﻨﻬﺠﻴﺔ‬ ‫ﺘﻐﻴﻴﺭ‬
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‫ﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻟﺠﺎﻨﺏ‬ ‫ﻋﻠﻰ‬ ‫ﺨﺎﺼﺔ‬.‫ﻹﻴﺠـﺎﺩ‬ ‫ﻀﺭﻭﺭﺓ‬ ‫ﻫﻨﺎﻙ‬ ‫ﺃﺼﺒﺤﺕ‬ ‫ﻜﻤﺎ‬
‫ﺍﻟﻤـﺼﺭﻱ‬ ‫ﺍﻟﻤـﻭﺍﻁﻥ‬ ‫ﺒﺤـﻕ‬ ‫ﺍﻟﻭﻓﺎﺀ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺤﻜﻭﻤﺔ‬ ‫ﺘﻤﻜﻥ‬ ‫ﻤﺎﻟﻴﺔ‬ ‫ﻤﻭﺍﺭﺩ‬
‫ﺃﺤﻭﺍ‬ ‫ﺘﺤﺴﻴﻥ‬ ‫ﻓﻲ‬ ‫ﺍﻷﺼﻴل‬‫ﺍﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺤﻤﺎﻴﺔ‬ ‫ﻤﻅﻠﺔ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬ ‫ﻟﻪ‬
‫ﺍﻷﻤﺎﻥ‬ ‫ﻟﻪ‬ ‫ﺘﻭﻓﺭ‬ ‫ﻜﺭﻴﻤﺔ‬.
‫ﺒﻤﻔﻬﻭﻡ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﻤﻔﻬﻭﻡ‬ ‫ﺇﻟﻰ‬ ‫ﺘﻨﻅﺭ‬ ‫ﺍﻟﺤﻜﻭﻤﺔ‬ ‫ﻓﺈﻥ‬ ‫ﻫﻨﺎ‬ ‫ﻭﻤﻥ‬
‫ﺍﻟﻌﺎﻤﻠﻴﻥ‬ ‫ﻷﺠﻭﺭ‬ ‫ﺃﻗﺼﻰ‬ ‫ﺃﻭ‬ ‫ﺃﺩﻨﻰ‬ ‫ﺤﺩ‬ ‫ﻭﻀﻊ‬ ‫ﻤﺠﺭﺩ‬ ‫ﻴﺘﻌﺩﻯ‬ ‫ﻭﺸﺎﻤل‬ ‫ﻭﺍﺴﻊ‬
‫ﻜﺎﻓـﺔ‬ ‫ﻟﻴـﺸﻤل‬ ،‫ﺍﻟﻤﺨﺘﻠﻔـﺔ‬ ‫ﺍﻟﺩﻋﻡ‬ ‫ﺒﺭﺍﻤﺞ‬ ‫ﺒﻌﺽ‬ ‫ﺘﻨﻔﻴﺫ‬ ‫ﺃﻭ‬ ‫ﺍﻟﺩﻭﻟﺔ‬ ‫ﻓﻰ‬
‫ﺍﻟﻤﺎ‬ ‫ﺴﻴﺎﺴﺎﺘﻬﺎ‬ ‫ﺃﺭﻜﺎﻥ‬،‫ﺍﻹﻨﻔـﺎﻕ‬ ‫ﺃﻭﻟﻭﻴـﺎﺕ‬ ‫ﺤﻴﺙ‬ ‫ﻤﻥ‬ ‫ﻭﺍﻹﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﻟﻴﺔ‬
،‫ﺍﻟﻤﺘﺒﻌـﺔ‬ ‫ﺍﻟـﻀﺭﻴﺒﻴﺔ‬ ‫ﻭﺍﻟﺴﻴﺎﺴﺎﺕ‬ ،‫ﻟﻺﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﺍﻟﺠﻐﺭﺍﻓﻰ‬ ‫ﻭﺍﻟﺘﻭﺯﻴﻊ‬
‫ﺍﻹﺼـﻼﺤﺎﺕ‬ ‫ﺘﻨﻔﻴﺫ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺘﺭﺘﺒﺔ‬ ‫ﺍﻷﻋﺒﺎﺀ‬ ‫ﺘﻭﺯﻴﻊ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﻭﺘﺤﻘﻴﻕ‬
‫ﺍﻟﻔﻘﺭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻭﺘﻘﻠﻴل‬ ،‫ﺒﺎﻟﺭﻋﺎﻴﺔ‬ ‫ﺍﻷﻭﻟﻰ‬ ‫ﺍﻟﻔﺌﺎﺕ‬ ‫ﻭﺤﻤﺎﻴﺔ‬ ، ‫ﺍﻟﻤﺎﻟﻴﺔ‬.
‫ﺍﻟﺤﻜﻭ‬ ‫ﺒﺭﺍﻤﺞ‬ ‫ﻓﺈﻥ‬ ‫ﹰ‬‫ﺍ‬‫ﺘﺤﺩﻴﺩ‬ ‫ﺃﻜﺜﺭ‬ ‫ﻭﺒﺸﻜل‬‫ﺍﻟﺒﻌـﺩ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﻟﺘﺩﻋﻴﻡ‬ ‫ﻤﺔ‬
‫ﻤﻌـﺩﻻﺕ‬ ‫ﺯﻴـﺎﺩﺓ‬ ‫ﺒﺨـﻼﻑ‬ ‫ﺭﺌﻴﺴﻴﻴﻥ‬ ‫ﻤﺤﻭﺭﻴﻥ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻘﻭﻡ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻰ‬
‫ﺸﺭﺤﻪ‬ ‫ﺴﺒﻕ‬ ‫ﻜﻤﺎ‬ ‫ﺍﻟﺘﺸﻐﻴل‬:
‫ﺃ‬-‫ﺍﻷﺴﺎﺴﻴﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻭﺘﺤﺴﻴﻥ‬ ‫ﺘﻭﻓﻴﺭ‬:‫ﺘﺤﻘﻴـﻕ‬ ‫ﺫﻟﻙ‬ ‫ﻭﻴﺸﻤل‬
‫ﻭﺃﻫﻤﻬﺎ‬ ‫ﻭﺍﻟﻤﺭﺍﻓﻕ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﻓﻲ‬ ‫ﻭﻤﻠﻤﻭﺱ‬ ‫ﻤﺒﺎﺸﺭ‬ ‫ﺘﺤﺴﻥ‬
‫ﻤﺭﺍﺤﻠـﻪ‬ ‫ﻓﻲ‬ ‫ﻭﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﺃﺸﻜﺎﻟﻬﺎ‬ ‫ﺒﻜﺎﻓﺔ‬ ‫ﺍﻟﺼﺤﻴﺔ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬‫ﻭﺃﻨﻭﺍﻋـﻪ‬
‫ﺍﻟﺼﺤﻲ‬ ‫ﻭﺍﻟﺼﺭﻑ‬ ‫ﺍﻟﺸﺭﺏ‬ ‫ﻤﻴﺎﻩ‬ ‫ﺨﺎﺼﺔ‬ ‫ﺍﻟﺘﺤﺘﻴﺔ‬ ‫ﻭﺍﻟﺒﻨﻴﺔ‬ ،‫ﺍﻟﻤﺨﺘﻠﻔﺔ‬
‫ﺒـﺼﻭﺭﻩ‬ ‫ﺍﻟﻌـﺎﻡ‬ ‫ﺍﻟﻨﻘـل‬ ‫ﻭﻭﺴﺎﺌل‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻭﺍﻷﻤﻥ‬ ‫ﻭﺍﻟﻁﺭﻕ‬ ‫ﻭﺍﻹﺴﻜﺎﻥ‬
‫ﺘﻤﻜـﻴﻥ‬ ‫ﺘﻤﺜـل‬ ‫ﺍﻟﺘـﻰ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻤﻥ‬ ‫ﻭﻏﻴﺭﻫﺎ‬ ،‫ﻭﺍﻟﺜﻘﺎﻓﺔ‬ ،‫ﺍﻟﻤﺨﺘﻠﻔﺔ‬
‫ﻭﻗﺩﺭﺘـﻪ‬ ،‫ﺍﻟﻴﻭﻤﻴﺔ‬ ‫ﻤﻌﻴﺸﺘﻪ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﻋﻠﻰ‬ ‫ﻴﻨﻌﻜﺱ‬ ‫ﻟﻠﻤﻭﺍﻁﻥ‬ ‫ﺤﻘﻴﻘﻰ‬
‫ﺍﻟﺘﻨ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ،‫ﺍﻟﻔﻘﺭ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺨﺭﻭﺝ‬ ‫ﻋﻠﻰ‬‫ﺃﺸﻜﺎﻟﻬﺎ‬ ‫ﺒﻜﺎﻓﺔ‬ ‫ﺍﻟﺒﺸﺭﻴﺔ‬ ‫ﻤﻴﺔ‬.
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‫ﺏ‬-‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﻟﻠﺤﻤﺎﻴﺔ‬ ‫ﺴﻴﺎﺴﺎﺕ‬ ‫ﺇﺘﺒﺎﻉ‬:‫ﺒـﺭﺍﻤﺞ‬ ‫ﺼـﻴﺎﻏﺔ‬ ‫ﺇﻋﺎﺩﺓ‬
‫ﺍﻟﻜﺭﻴﻡ‬ ‫ﺍﻟﻌﻴﺵ‬ ‫ﻴﺤﻘﻕ‬ ‫ﻤﺒﺎﺸﺭ‬ ‫ﻨﻘﺩﻱ‬ ‫ﺩﻋﻡ‬ ‫ﺇﻟﻰ‬ ‫ﹰ‬‫ﺎ‬‫ﺘﺩﺭﻴﺠﻴ‬ ‫ﻟﺘﺘﺤﻭل‬ ‫ﺍﻟﺩﻋﻡ‬
‫ﻭ‬ ،‫ﻟﺼﺎﺤﺒﻪ‬‫ﺍﻟـﺩﻋﻡ‬ ‫ﻟﻭﺼـﻭل‬ ‫ﺍﻹﺴـﺘﻬﺩﺍﻑ‬ ‫ﺴﻴﺎﺴـﺎﺕ‬ ‫ﺘﺤـﺴﻴﻥ‬
‫ﻭﻜﻔـﺎﺀﺓ‬ ‫ﻓﺎﻋﻠﻴـﺔ‬ ‫ﺃﻜﺜﺭ‬ ‫ﺒﺭﺍﻤﺞ‬ ‫ﺘﻁﺒﻴﻕ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﻭﺫﻟﻙ‬ ،‫ﻟﻤﺴﺘﺤﻘﻴﻪ‬
‫ﺍﻷﻭﻟﻰ‬ ‫ﺍﻟﻔﺌﺎﺕ‬ ‫ﻟﺤﻤﺎﻴﺔ‬‫ﻤـﺴﺘﻭﻯ‬ ‫ﺘﺤـﺴﻴﻥ‬ ‫ﺫﻟﻙ‬ ‫ﻓﻲ‬ ‫ﺒﻤﺎ‬ ،‫ﺒﺎﻟﺭﻋﺎﻴﺔ‬
‫ﺍﻟﺨﺎﺼﺔ‬ ‫ﺍﻹﺤﺘﻴﺎﺠﺎﺕ‬ ‫ﻭﺫﻭﻯ‬ ،‫ﺍﻟﻤﻌﺎﺸﺎﺕ‬ ‫ﺃﺼﺤﺎﺏ‬ ‫ﻤﻌﻴﺸﺔ‬.
٣-‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﻭﺍﻹﺴﺘﻘﺭﺍﺭ‬ ‫ﺍﻹﻨﻀﺒﺎﻁ‬ ‫ﺘﺤﻘﻴﻕ‬
‫ﻟـﻥ‬ ‫ﺍﻹﺠﺘﻤـﺎﻋﻰ‬ ‫ﺍﻹﻨﻔـﺎﻕ‬ ‫ﻭﺯﻴﺎﺩﺓ‬ ‫ﺍﻟﺘﺸﻐﻴل‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺇﺭﺘﻔﺎﻉ‬ ‫ﻫﺩﻓﻰ‬ ‫ﺇﻥ‬
،‫ﺍﻟﻤﺘﻭﺴـﻁ‬ ‫ﺍﻟﻤﺩﻯ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺇﻗﺘﺼﺎﺩﻯ‬ ‫ﻤﺎﻟﻰ‬ ‫ﺇﺴﺘﻘﺭﺍﺭ‬ ‫ﻭﺠﻭﺩ‬ ‫ﺩﻭﻥ‬ ‫ﻴﺘﺤﻘﻘﺎ‬
‫ﻤﺎ‬ ‫ﺴﻴﺎﺴﺎﺕ‬ ‫ﺇﺘﺒﺎﻉ‬ ‫ﻴﺘﻁﻠﺏ‬ ‫ﻤﺎ‬ ‫ﻭﻫﻭ‬‫ﺘﻭﻟﻴﺩ‬ ‫ﺘﻀﻤﻥ‬ ‫ﻭﻤﺘﻭﺍﺯﻨﺔ‬ ‫ﻤﻨﻀﺒﻁﺔ‬ ‫ﻟﻴﺔ‬
‫ﻁﻤﻭﺤـﺎﺕ‬ ‫ﻟﺘﻠﺒﻴـﺔ‬ ‫ﻴﻜﻔﻲ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻹﻴﺠﺎﺩ‬ ‫ﻭﻤﻨﺘﻅﻤﺔ‬ ‫ﻤﺘﺠﺩﺩﺓ‬ ‫ﻤﺎﻟﻴﺔ‬ ‫ﻤﻭﺍﺭﺩ‬
‫ﺃﻓﻀل‬ ‫ﻤﻌﻴﺸﻲ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻤﺼﺭﻱ‬ ‫ﺍﻟﺸﻌﺏ‬.
‫ﺍﻗﺘـﺼﺎﺩﻴﺔ‬ ‫ﺇﺠﺭﺍﺀﺍﺕ‬ ‫ﺇﺘﺨﺎﺫ‬ ‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻹﺴﺘﻘﺭﺍﺭ‬ ‫ﺘﺤﻘﻴﻕ‬ ‫ﻴﺘﻁﻠﺏ‬ ‫ﻭﺴﻭﻑ‬
‫ﻋﺩﺍ‬ ‫ﺍﺴﺘﺜﻨﺎﺀ‬ ‫ﺩﻭﻥ‬ ‫ﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﺠﻤﻴﻊ‬ ‫ﹰ‬‫ﺎ‬‫ﻭﺠﻭﺒ‬ ‫ﻋﺒﺌﻬﺎ‬ ‫ﻴﺘﺤﻤل‬ ‫ﻭﻓﺎﻋﻠﺔ‬ ‫ﺠﺎﺩﺓ‬
‫ﻭﻤﺤﺩﻭ‬ ‫ﺍﻟﻔﻘﺭﺍﺀ‬‫ﺤﻤـﺎﻴﺘﻬﻡ‬ ‫ﺍﻟﺩﻭﻟـﺔ‬ ‫ﺴـﺘﻜﻔل‬ ‫ﻭﺍﻟﺫﻴﻥ‬ ‫ﻭﺤﺩﻫﻡ‬ ‫ﺍﻟﺩﺨل‬ ‫ﺩﻱ‬
‫ﺃﺤﻭﺍﻟﻬﻡ‬ ‫ﻭﺘﺤﺴﻴﻥ‬.
‫ﻭﺘـﺩﻋﻴﻡ‬ ‫ﺍﻹﻨﻔـﺎﻕ‬ ‫ﺃﻭﻟﻭﻴﺎﺕ‬ ‫ﺘﺭﺘﻴﺏ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻹﺠﺭﺍﺀﺍﺕ‬ ‫ﻫﺫﻩ‬ ‫ﻭﺘﻘﻭﻡ‬
‫ﺘـﺴﻤﺢ‬ ‫ﺍﻟﺩﻭﻟـﺔ‬ ‫ﻤﻭﺍﺭﺩ‬ ‫ﻓﻲ‬ ‫ﻭﺯﻴﺎﺩﺓ‬ ‫ﹰ‬‫ﺍ‬‫ﻭﻓﺭ‬ ‫ﻴﺤﻘﻕ‬ ‫ﺒﻤﺎ‬ ‫ﺍﻟﻀﺭﻴﺒﻴﺔ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬
‫ﺘﻭﺠﻴـﻪ‬ ‫ﺇﻟـﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﺍﻟﻌﺎﻡ‬ ‫ﻭﺍﻟﺩﻴﻥ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻋﺠﺯ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺒﺨﻔﺽ‬
‫ﻟ‬ ‫ﻜﺒﻴﺭﺓ‬ ‫ﺇﻀﺎﻓﻴﺔ‬ ‫ﻤﻭﺍﺭﺩ‬‫ﺍﻟﻤـﺴﺘﺤﺩﺜﺔ‬ ‫ﻭﺍﻹﻟﺘﺯﺍﻤﺎﺕ‬ ‫ﺘﻨﻤﻭﻴﺔ‬ ‫ﺒﺭﺍﻤﺞ‬ ‫ﺘﻤﻭﻴل‬
‫ﻭﺍﻟﺤـﺩ‬ ،‫ﻭﺍﻟﺼﺤﺔ‬ ،‫ﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﻤﺠﺎﻻﺕ‬ ‫ﻓﻲ‬ ‫ﺨﺎﺼﺔ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻰ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﻓﻰ‬
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‫ﻤﻌﺎﺵ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﺴﺘﻔﻴﺩﻴﻥ‬ ‫ﻭﻤﻀﺎﻋﻔﺔ‬ ،‫ﺍﻟﻤﻌﺎﺸﺎﺕ‬ ‫ﻭﺯﻴﺎﺩﺓ‬ ،‫ﻟﻸﺠﻭﺭ‬ ‫ﺍﻷﺩﻨﻰ‬
‫ﺨﻼل‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻰ‬ ‫ﺍﻟﻀﻤﺎﻥ‬٢٠١٤/٢٠١٥‫ﺍﻟﻌـﺩﺩ‬ ‫ﻫﺫﺍ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻭﻤﺭﺍﻋﺎﺓ‬
‫ﺒﻌﺩ‬ ‫ﻓﻴﻤﺎ‬ ‫ﹰ‬‫ﺎ‬‫ﺘﺩﺭﻴﺠﻴ‬.
‫ﻋ‬ ‫ﻤﺴﺎﺭ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﻴﺴﻬﻡ‬ ‫ﻭﺴﻭﻑ‬‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﺩﻴﻥ‬ ‫ﻭﻤﻌﺩﻻﺕ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﺠﺯ‬
‫ﻭﺯﻴـﺎﺩﺓ‬ ،‫ﺍﻹﻗﺘـﺼﺎﺩ‬ ‫ﻓﻲ‬ ‫ﺍﻟﺜﻘﺔ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻹﺴﺘﺩﺍﻤﺔ‬ ‫ﻁﺭﻴﻕ‬ ‫ﺇﻟﻰ‬
‫ﺴـﻌﺭ‬ ‫ﻋﻠـﻰ‬ ‫ﺍﻟـﻀﻐﻭﻁ‬ ‫ﻭﺘﺨﻔﻴﻑ‬ ،‫ﻤﺼﺭ‬ ‫ﺇﻟﻰ‬ ‫ﺍﻷﻤﻭﺍل‬ ‫ﺭﺅﻭﺱ‬ ‫ﺘﺩﻓﻘﺎﺕ‬
‫ﺘﺨﻔﻴـﻑ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﺍﻟﺴﻭﻕ‬ ‫ﻓﻲ‬ ‫ﺍﻹﻗﺘﺭﺍﺽ‬ ‫ﺘﻜﻠﻔﺔ‬ ‫ﻭﺘﻘﻠﻴل‬ ،‫ﺍﻟﺼﺭﻑ‬
‫ﺍﻟﻘﺎﺩﻤﺔ‬ ‫ﺍﻷﺠﻴﺎل‬ ‫ﻋﻥ‬ ‫ﺍﻟﺩﻴﻥ‬ ‫ﺨﺩﻤﺔ‬ ‫ﺃﻋﺒﺎﺀ‬.
‫ﺍ‬ ‫ﻭﺗﺘﻤﺜﻞ‬‫ﻣﺸﺮﻭﻉ‬ ‫ﺇﻋﺪﺍﺩ‬ ‫ﻋﻨﺪ‬ ‫ﻣﺮﺍﻋﺎﺗﻬﺎ‬ ‫ﰎ‬ ‫ﺍﻟﱴ‬ ‫ﻭﺍﳌﺒﺎﺩﺉ‬ ‫ﻷﺳﺲ‬
‫ﺍﻟﺘﺎﱄ‬ ‫ﻓﻰ‬ ‫ﺍﳌﻮﺍﺯﻧﺔ‬:
١-‫ﻤﻘـﺩﻤﺘﻬﺎ‬ ‫ﻭﻓﻰ‬ ‫ﺍﻟﺩﺴﺘﻭﺭ‬ ‫ﺒﺈﺴﺘﺤﻘﺎﻗﺎﺕ‬ ‫ﺍﻟﻤﺭﺘﺒﻁﺔ‬ ‫ﺍﻻﻟﺘﺯﺍﻤﺎﺕ‬ ‫ﻜﺎﻓﺔ‬ ‫ﺘﻨﻔﻴﺫ‬
‫ﺘـﺩﺭﻴﺠﻲ‬ ‫ﺒـﺸﻜل‬ ‫ﺍﻟﻌﻠﻤﻲ‬ ‫ﻭﺍﻟﺒﺤﺙ‬ ‫ﻭﺍﻟﺼﺤﺔ‬ ‫ﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺯﻴﺎﺩﺓ‬
‫ﻟﻺﻨﻔـﺎﻕ‬ ‫ﺍﻟﻤﺴﺘﻬﺩﻓﺔ‬ ‫ﺍﻟﻤﻌﺩﻻﺕ‬ ‫ﺇﻟﻰ‬ ‫ﻟﻠﻭﺼﻭل‬ ‫ﺴﻨﻭﺍﺕ‬ ‫ﺜﻼﺙ‬ ‫ﻤﺩﻯ‬ ‫ﻋﻠﻰ‬
‫ﺍﻟ‬ ‫ﻫﺫﻩ‬ ‫ﻋﻠﻰ‬‫ﻭﺘﺸﻤل‬ ‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﺍﻟﻨﺎﺘﺞ‬ ‫ﻤﻥ‬ ‫ﻜﻨﺴﺒﺔ‬ ‫ﻤﺠﺎﻻﺕ‬٣%‫ﻟﻺﻨﻔـﺎﻕ‬
‫ﻭ‬ ،‫ﺍﻟﺼﺤﺔ‬ ‫ﻋﻠﻰ‬٤%‫ﻭ‬ ،‫ﺍﻟﺠﺎﻤﻌﻰ‬ ‫ﻗﺒل‬ ‫ﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﻋﻠﻰ‬ ‫ﻟﻺﻨﻔﺎﻕ‬٢%‫ﻟﻺﻨﻔﺎﻕ‬
‫ﻭ‬ ،‫ﺍﻟﺠﺎﻤﻌﻰ‬ ‫ﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﻋﻠﻰ‬١%‫ﺘﺸﻤل‬ ‫ﻜﻤﺎ‬ ،‫ﺍﻟﻌﻠﻤﻰ‬ ‫ﺍﻟﺒﺤﺙ‬ ‫ﻋﻠﻰ‬ ‫ﻟﻺﻨﻔﺎﻕ‬
‫ﺍﻟﺤـﺩ‬ ‫ﻤﺜل‬ ‫ﺍﻟﺴﺎﺒﻘﺔ‬ ‫ﺍﻟﺤﻜﻭﻤﺎﺕ‬ ‫ﻤﻥ‬ ‫ﺇﻗﺭﺍﺭﻫﺎ‬ ‫ﺘﻡ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻻﻟﺘﺯﺍﻤﺎﺕ‬ ‫ﺘﻐﻁﻴﺔ‬
‫ﺯﻴﺎﺩﺓ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ،‫ﻟﻸﺠﻭﺭ‬ ‫ﺍﻷﺩﻨﻰ‬‫ﺍﻟﻌـﺎﻤﻠﻴﻥ‬ ‫ﻭﺃﺠﻭﺭ‬ ،‫ﺍﻟﻤﻌﺎﺸﺎﺕ‬ ‫ﻷﺼﺤﺎﺏ‬
‫ﻓـﻲ‬ ‫ﺍﻟﻤﺯﻤﻨـﺔ‬ ‫ﺍﻟﻬﻴﻜﻠﻴﺔ‬ ‫ﺍﻟﻤﺸﺎﻜل‬ ‫ﺒﻌﺽ‬ ‫ﺘﺼﻭﻴﺏ‬ ‫ﻤﺭﺍﻋﺎﺓ‬ ‫ﻤﻊ‬ ،‫ﺒﺎﻟﺩﻭﻟﺔ‬
‫ﺍﻟﺯﻴﺎﺩﺓ‬ ‫ﻫﺫﻩ‬.
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٢-‫ﺍﻟﺠﺎﺭﻱ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺘﻭﺯﻴﻊ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﻤﺭﺍﻋﺎﺓ‬
‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ،‫ﺍﺤﺘﻴﺎﺠﺎ‬ ‫ﺍﻷﻜﺜﺭ‬ ‫ﺍﻟﻔﺌﺎﺕ‬ ‫ﺇﻟﻰ‬ ‫ﻴﺼل‬ ‫ﺒﺤﻴﺙ‬ ‫ﻭﺍﻹﺴﺘﺜﻤﺎﺭﻯ‬
‫ﺍﻟﻤ‬ ‫ﺒﻴﻥ‬ ‫ﺍﻟﺠﻐﺭﺍﻓﻲ‬ ‫ﺍﻟﺘﻭﺯﻴﻊ‬ ‫ﻓﻰ‬‫ﺇﺘﺎﺤـﺔ‬ ‫ﻴﺨـﺹ‬ ‫ﻓﻴﻤـﺎ‬ ‫ﺨﺎﺼﺔ‬ ‫ﺤﺎﻓﻅﺎﺕ‬
‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﻭﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﺍﻟﻤﺭﺍﻓﻕ‬.
٣-‫ﺇﺠـﺭﺍﺀ‬ ‫ﻷﻯ‬ ‫ﺍﻟﻤـﺎﻟﻰ‬ ‫ﻟﻸﺜـﺭ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﺘﻘﺩﻴﺭﺍﺕ‬ ‫ﺘﻀﻤﻴﻥ‬ ‫ﻋﺩﻡ‬
‫ﻤـﺼﺩﺍﻗﻴﺔ‬ ‫ﻋﻠـﻰ‬ ‫ﹰ‬‫ﺎ‬‫ﺤﻔﺎﻅ‬ ‫ﺍﻟﻭﺯﺭﺍﺀ‬ ‫ﻤﺠﻠﺱ‬ ‫ﻤﻥ‬ ‫ﺇﻗﺭﺍﺭﻩ‬ ‫ﺒﻌﺩ‬ ‫ﺇﻻ‬ ‫ﺇﺼﻼﺤﻰ‬
‫ﺴﻴﺎﺴـﺎﺕ‬ ‫ﻤـﻥ‬ ‫ﺍﻟﺤﻜﻭﻤـﺔ‬ ‫ﺘﺘﺒﻨـﺎﻩ‬ ‫ﻓﻴﻤﺎ‬ ‫ﺍﻟﺸﻔﺎﻓﻴﺔ‬ ‫ﻭﻤﺭﺍﻋﺎﺓ‬ ‫ﺍﻟﺤﻜﻭﻤﺔ‬
‫ﻭﺇﺼﻼﺤﺎﺕ‬.
٤-‫ﺍﻹ‬ ‫ﻟﻺﺼﻼﺡ‬ ‫ﺇﺠﺭﺍﺀ‬ ‫ﺇﺘﺨﺎﺫ‬ ‫ﻋﺩﻡ‬‫ﺒـﺈﺠﺭﺍﺀﺍﺕ‬ ‫ﻤﻐﻁﻰ‬ ‫ﻜﺎﻥ‬ ‫ﺇﺫﺍ‬ ‫ﺇﻻ‬ ‫ﻗﺘﺼﺎﺩﻯ‬
‫ﻋﻠـﻰ‬ ‫ﺃﻭ‬ ‫ﺒﺎﻟﺭﻋﺎﻴﺔ‬ ‫ﺍﻷﻭﻟﻰ‬ ‫ﻟﻠﻔﺌﺎﺕ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﺤﻤﺎﻴﺔ‬ ‫ﻤﻥ‬ ‫ﻗﺩﺭ‬ ‫ﺘﺤﻘﻕ‬
‫ﺃﺤـﻭﺍﻟﻬﻡ‬ ‫ﻟﺘﺤـﺴﻴﻥ‬ ‫ﺍﻹﺠـﺭﺍﺀﺍﺕ‬ ‫ﻫـﺫﻩ‬ ‫ﻤﻥ‬ ‫ﺠﺯﺀ‬ ‫ﺘﻭﺯﻴﻊ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﺍﻷﻗل‬
‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬.
٥-‫ﺍﻟﺤﻘﻴﻘﻰ‬ ‫ﺍﻟﺘﻤﻭﻴل‬ ‫ﻟﻪ‬ ‫ﻴﻜﻭﻥ‬ ‫ﺃﻥ‬ ‫ﺒﺩ‬ ‫ﻻ‬ ‫ﺇﺠﺘﻤﺎﻋﻰ‬ ‫ﺇﺠﺭﺍﺀ‬ ‫ﺃﻯ‬ ‫ﺃﻥ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺘﺄﻜﺩ‬
‫ﺍﻹﻗ‬ ‫ﺍﻟﺒﻨﻴﺎﻥ‬ ‫ﺴﻼﻤﺔ‬ ‫ﻋﻠﻰ‬ ‫ﻴﺅﺜﺭ‬ ‫ﻻ‬ ‫ﺒﻤﺎ‬‫ﻭﺇﺴﺘﻘﺭﺍﺭﻩ‬ ‫ﺘﺼﺎﺩﻯ‬.
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‫ﺛﺎﻧﻴﺎ‬
ً
:‫ﻭﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﳌﺎﱃ‬ ‫ﺍﳌﻮﻗﻒ‬
‫ﺃ‬-‫ﺍﻟﻌﺎﳌﻰ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﺃﺩﺍء‬ ‫ﺗﻄﻮﺭﺍﺕ‬‫ﺍﳋﺎﺭﺟﻴﺔ‬ ‫ﻭﺍﻷﺳﻮﺍﻕ‬
‫ﻤﻥ‬ ‫ﺒﻤﺯﻴﺩ‬ ‫ﻭﺍﻟﺘﻭﻗﻌﺎﺕ‬ ‫ﺍﻟﻌﺎﻟﻤﻰ‬ ‫ﻟﻺﻗﺘﺼﺎﺩ‬ ‫ﺍﻹﻴﺠﺎﺒﻴﺔ‬ ‫ﺍﻟﺘﻁﻭﺭﺍﺕ‬ ‫ﺘﻤﺜل‬
‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﺇﺴﺘﻘﺭﺍﺭ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﺍﻟﻘﺎﺩﻡ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺨﻼل‬ ‫ﺍﻟﺘﺤﺴﻥ‬
،‫ﺍﻟﺩﻭﻟﻴﺔ‬ ‫ﺍﻷﺴﻭﺍﻕ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺭﺌﻴﺴﻴﺔ‬‫ﻟﻠﻨﻤﻭ‬ ‫ﺩﺍﻋﻡ‬ ‫ﺩﻭﻟﻰ‬ ‫ﻟﻤﻨﺎﺥ‬ ‫ﺇﻴﺠﺎﺒﻴﺔ‬ ‫ﻤﺅﺸﺭﺍﺕ‬
‫ﻟﺠﺫﺏ‬ ‫ﺍﻟﺘﻁﻭﺭﺍﺕ‬ ‫ﻫﺫﻩ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺩﺍﺨﻠﻴﺔ‬ ‫ﺍﻹﺴﺘﻔﺎﺩﺓ‬ ‫ﺤﺎﻟﺔ‬ ‫ﻓﻰ‬ ‫ﻤﺼﺭ‬ ‫ﻓﻰ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬
،‫ﺍﻟﻤﺼﺭﻴﺔ‬ ‫ﺍﻟﺼﺎﺩﺭﺍﺕ‬ ‫ﺤﺠﻡ‬ ‫ﻭﺯﻴﺎﺩﺓ‬ ،‫ﺍﻷﻤﻭﺍل‬ ‫ﻭﺭﺅﻭﺱ‬ ‫ﺍﻹﺴﺘﺜﻤﺎﺭﺍﺕ‬
‫ﺍﻟﻤﺭﺘﻔﻌﺔ‬ ‫ﻟﻤﻌﺩﻻﺘﻬﺎ‬ ‫ﺍﻟﺴﻴﺎﺤﺔ‬ ‫ﻋﻭﺩﺓ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬.
‫ﺍ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺼﺎﺩﺭﺓ‬ ‫ﺍﻟﺩﻭﻟﻲ‬ ‫ﺍﻟﻨﻘﺩ‬ ‫ﺼﻨﺩﻭﻕ‬ ‫ﺘﻘﺩﻴﺭﺍﺕ‬ ‫ﺃﺤﺩﺙ‬ ‫ﻭﺘﺸﻴﺭ‬‫ﺒﺭﻴل‬
٢٠١٤‫ﻋﺎﻤﻰ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻌﺎﻟﻤﻰ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﻴﺸﻬﺩ‬ ‫ﺃﻥ‬ ‫ﺍﻟﻤﺘﻭﻗﻊ‬ ‫ﻤﻥ‬ ‫ﺃﻨﻪ‬ ‫ﺇﻟﻰ‬
٢٠١٤‫ﻭ‬٢٠١٥‫ﻗﺩﺭﻫﺎ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻟﻴﺴﺠل‬ ،‫ﺍﻟﺘﺤﺴﻥ‬ ‫ﺒﻌﺽ‬٣,٦%
‫ﻭ‬٣,٩%‫ﻗﺩﺭﻩ‬ ‫ﻨﻤﻭ‬ ‫ﺒﻤﻌﺩل‬ ‫ﻤﻘﺎﺭﻨﺔ‬ ‫ﺍﻟﺘﻭﺍﻟﻰ‬ ‫ﻋﻠﻰ‬٣%‫ﻋﺎﻡ‬ ‫ﺨﻼل‬٢٠١٣‫؛‬
‫ﺍﻟﺜﺎﻨﻰ‬ ‫ﺍﻟﻨﺼﻑ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻤﺘﻘﺩﻤﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺃﺩﺍﺀ‬ ‫ﻟﺘﺤﺴﻥ‬ ‫ﺍﻷﺴﺎﺱ‬ ‫ﻓﻰ‬ ‫ﺫﻟﻙ‬ ‫ﻭﻴﺭﺠﻊ‬
‫ﻋﺎﻡ‬ ‫ﻤﻥ‬٢٠١٣‫ﻭﺯﻴﺎﺩﺓ‬‫ﻓﻰ‬ ‫ﺍﻟﺩﻴﻭﻥ‬ ‫ﺃﺯﻤﺔ‬ ‫ﺁﺜﺎﺭ‬ ‫ﺇﻨﺤﺴﺎﺭ‬ ‫ﻭﺒﺩﺀ‬ ،‫ﺍﻟﻜﻠﻰ‬ ‫ﺍﻟﻁﻠﺏ‬
‫ﺍﻟﺩﻭل‬ ‫ﺼﺎﺩﺭﺍﺕ‬ ‫ﺸﻬﺩﺘﻪ‬ ‫ﺍﻟﺫﻱ‬ ‫ﺍﻹﺭﺘﻔﺎﻉ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﺍﻟﻴﻭﺭﻭ‬ ‫ﻤﻨﻁﻘﺔ‬
‫ﺍﻟﺼﺎﻋﺩﺓ‬) .‫ﺠﺩﻭل‬١(
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‫ﺔ‬‫اﻟﺪوﻟ‬ /‫ﺔ‬‫اﻟﻤﻨﻄﻘ‬٢٠٠٨٢٠٠٩٢٠١٠٢٠١١٢٠١٢٢٠١٣٢٠١٤٢٠١٥
‫ﺎﻟﻤﻰ‬‫اﻟﻌ‬‫ﺎد‬‫اﻹﻗﺘﺼ‬٢٫٧-٠٫٤٥٫٢٣٫٩٣٫٢٣٫٠٣٫٦٣٫٩
‫ﺔ‬‫اﻟﻤﺘﻘﺪﻣ‬‫ﺪول‬‫اﻟ‬٠٫١-٣٫٤٣١٫٧١٫٤١٫٣٢٫٢٢٫٣
‫ﺪة‬‫اﻟﻤﺘﺤ‬ ‫اﻟﻮﻻﯾﺎت‬-٠٫٣-٢٫٨٢٫٥١٫٨٢٫٨١٫٩٢٫٨٣٫٠
‫ﻮرو‬‫اﻟﯿ‬ ‫ﻣﻨﻄﻘﺔ‬٠٫٤٤٫٤٢١٫٦٠٫٧٠٫٥١٫٢١٫٥
‫ﺎن‬‫اﻟﯿﺎﺑ‬١٫٠٥٫٥٤٫٧٠٫٥١٫٤١٫٥١٫٤١٫٠
‫ﺮى‬‫أﺧ‬ ‫ﺔ‬‫ﻣﺘﻘﺪﻣ‬ ‫دول‬١٫٠٢٫٤٤٫٥٢٫٧١٫٥٢٫١٢٫٩٢٫٩
‫ﺎﻋﺪة‬‫اﻟﺼ‬‫اﻟﺪول‬٥٫٩٣٫١٧٫٥٦٫٣٥٫٠٤٫٧٤٫٩٥٫٣
‫ﯿﺎ‬‫آﺳ‬ ‫ﻰ‬‫ﻓ‬ ‫اﻟﻨﺎﻣﯿﺔ‬ ‫اﻟﺪول‬٧٫٣٧٫٧٩٫٧٧٫٩٦٫٧٦٫٥٦٫٧٦٫٨
/١
‫اﻟﺼﯿﻦ‬٩٫٦٩٫٢١٠٫٤٩٫٣٧٫٧٧٫٧٧٫٥٧٫٣
‫اﻟﮭﻨﺪ‬٣٫٩٨٫٥١٠٫٣٦٫٦٤٫٧٤٫٤٥٫٤٦٫٤
‫ﺘﻘﻠﺔ‬‫اﻟﻤﺴ‬ ‫ﺪول‬‫اﻟ‬ ‫ﻛﻮﻣﻮﻧﻮﯾﻠﺚ‬٥٫٣٦٫٤٤٫٩٤٫٨٣٫٤٢٫١٢٫٣٣٫١
‫روﺳﯿﺎ‬٥٫٢-٧٫٨٤٫٥٤٫٣٣٫٤١٫٣١٫٣٢٫٣
‫ﺎرﯾﺒﻰ‬‫واﻟﻜ‬ ‫ﺔ‬‫اﻟﻼﺗﯿﻨﯿ‬ ‫ﺎ‬‫أﻣﺮﯾﻜ‬٤٫٣١٫٣٦٫٠٤٫٦٣٫١٢٫٧٢٫٥٣٫٠
‫ﻞ‬‫اﻟﺒﺮازﯾ‬٥٫٢-٠٫٣٧٫٥٢٫٧١٫٠٢٫٣١٫٨٢٫٧
‫ﺎ‬‫إﻓﺮﯾﻘﯿ‬ ‫وﺷﻤﺎل‬ ‫اﻷوﺳﻂ‬ ‫اﻟﺸﺮق‬٥٫١٣٥٫٥٣٫٩٤٫١٢٫٢٣٫٢٤٫٥
‫ﻌﻮدﯾﺔ‬‫اﻟﺴ‬ ‫ﺔ‬‫اﻟﻌﺮﺑﯿ‬ ‫ﺔ‬‫اﻟﻤﻤﻠﻜ‬٨٫٤١٫٨٧٫٤٨٫٦٥٫٨٣٫٨٤٫١٤٫٢
/٣ /٢
‫ﻣﺼﺮ‬٧٫٢٤٫٧٥٫١١٫٨٢٫٢٢٫١٢٫٢٣٫٢
‫ﺤﺮاء‬ ‫اﻟﺼ‬ ‫ﺟﻨﻮب‬ ‫إﻓﺮﯾﻘﯿﺎ‬٥٫٧٢٫٦٥٫٦٥٫٥٤٫٩٤٫٩٥٫٤٥٫٥
/١
‫ﺎ‬‫إﻓﺮﯾﻘﯿ‬ ‫ﺟﻨﻮب‬٣٫٦-١٫٥٣٫١٣٫٦٢٫٥١٫٩٢٫٣٢٫٧
.٢٠١٤‫ﻞ‬ ‫أﺑﺮﯾ‬،‫ﺎﻟﻤﻰ‬‫اﻟﻌ‬‫ﺎدى‬ ‫اﻻﻗﺘﺼ‬‫ﺎق‬‫آﻓ‬‫ﺮﯾﺮ‬‫ﺗﻘ‬،‫ﺪوﻟﻰ‬‫اﻟ‬‫ﺪ‬‫اﻟﻨﻘ‬‫ﻨﺪوق‬‫ﺻ‬ :‫ﺪر‬‫اﻟﻤﺼ‬
.٢٠١٣‫ﺲ‬ ‫ﻟﯿ‬‫و‬،٢٠١٢ ‫ﻦ‬‫ﻣ‬‫ﺎت‬‫ﻟﺘﻮﻗﻌ‬‫ا‬‫أ‬‫ﺪ‬‫ﺗﺒ‬ /١
.‫ﺔ‬ ‫ﻟ‬‫و‬‫ﻠﺪ‬‫ﻟ‬‫ﺔ‬ ‫ﻟﻌﺎﻣ‬‫ا‬‫ﺔ‬‫ازﻧ‬‫ﻮ‬‫ﻟﻤ‬‫ا‬‫ﺮوع‬‫ﻣﺸ‬‫ات‬‫ﺮ‬‫ﺪﯾ‬‫ﻟﺘﻘ‬ً‫ﺎ‬‫وﻓﻘ‬ /٢
.٢٠١١/٢٠١٠ ‫ﺔ‬ ‫ﻟﯿ‬‫ﺎ‬‫ﻟﻤ‬‫ا‬‫ﻨﺔ‬‫ﻟﺴ‬‫ا‬ "٢٠١١"‫ﻞ‬‫ﺗﻤﺜ‬‫ﺚ‬‫ﺣﯿ‬،‫ﺔ‬‫ﻟﯿ‬‫ﺎ‬‫ﻣ‬‫ﻨﺔ‬‫ﺳ‬ /٣
‫ﻊ‬‫ﻣﺘﻮﻗ‬
(‫ﺔ‬‫ﻣﺌﻮﯾ‬‫ﺒﺔ‬‫)ﻧﺴ‬
‫ﻓﻌﻠﯿﺎت‬
‫ﺠﺩﻭل‬)١:(‫ﺍﻟﺩﻭل‬ ‫ﻤﻥ‬ ‫ﻋﺩﺩ‬ ‫ﻓﻲ‬ ‫ﺍﻻﺠﻤﺎﻟﻰ‬ ‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﺍﻟﻨﺎﺘﺞ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩل‬
‫ﺍﻟﺜﺎﺒﺘﺔ‬ ‫ﺒﺎﻷﺴﻌﺎﺭ‬ ،‫ﺍﻟﻤﺨﺘﺎﺭﺓ‬
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‫ﻓﺈﻥ‬ ،‫ﺇﻟﻴﻬﺎ‬ ‫ﺍﻟﻤﺸﺎﺭ‬ ‫ﺍﻟﺘﺤﺴﻥ‬ ‫ﺩﻻﺌل‬ ‫ﻤﻥ‬ ‫ﺍﻟﺭﻏﻡ‬ ‫ﻭﻋﻠﻰ‬‫ﻓﻰ‬ ‫ﺍﻟﺘﻌﺎﻓﻰ‬ ‫ﻤﺅﺸﺭﺍﺕ‬
‫ﻤﺴﺘﻭﻴﺎﺕ‬ ‫ﺇﺭﺘﻔﺎﻉ‬ ‫ﻤﻘﺩﻤﺘﻬﺎ‬ ‫ﻭﻓﻰ‬ ‫ﻤﻠﻤﻭﺴﺔ‬ ‫ﺒﺘﺤﺩﻴﺎﺕ‬ ‫ﺘﻭﺍﺠﻪ‬ ‫ﺍﻟﻌﺎﻟﻤﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬
‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻟﻨﻅﺎﻡ‬ ‫ﺃﻤﺎﻡ‬ ‫ﺍﻟﻤﺨﺎﻁﺭ‬ ‫ﻭﺇﺴﺘﻤﺭﺍﺭ‬ ،‫ﺍﻟﻤﺘﻘﺩﻤﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﻓﻰ‬ ‫ﺍﻟﺤﻜﻭﻤﻰ‬ ‫ﺍﻟﺩﻴﻥ‬
‫ﺍﻗﺘﺼﺎﺩﻴﺎﺕ‬ ‫ﺒﻌﺽ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻓﻰ‬ ‫ﺘﺭﺍﺠﻊ‬ ‫ﺤﺩﻭﺙ‬ ‫ﺘﻭﻗﻊ‬ ‫ﻋﻥ‬ ‫ﹰ‬‫ﻼ‬‫ﻓﻀ‬ ،‫ﺍﻟﻌﺎﻟﻤﻰ‬
‫ﻤﻌﺩل‬ ‫ﺜﻠﺜﻰ‬ ‫ﺒﻘﺭﺍﺒﺔ‬ ‫ﺘﺴﻬﻡ‬ ‫ﻭﺍﻟﺘﻲ‬ ‫ﺍﻟﺼﺎﻋﺩﺓ‬ ‫ﺍﻟﺩﻭل‬‫ﺍﻟﻌﺎﻟﻤﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﻨﻤﻭ‬.
‫ﺍﻟﻤﺘﻘﺩﻤﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﻓﻰ‬ ‫ﺍﻟﻤﺭﻜﺯﻴﺔ‬ ‫ﺍﻟﺒﻨﻭﻙ‬ ‫ﺘﺒﻨﺕ‬ ‫ﺃﻥ‬ ‫ﻭﺒﻌﺩ‬ ،‫ﺃﺨﺭﻯ‬ ‫ﺠﻬﺔ‬ ‫ﻤﻥ‬
‫ﻤﻌﺩﻻﺕ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺘﺒﺎﻁﺅ‬ ‫ﺤﺎﻟﺔ‬ ‫ﻟﻤﻭﺍﺠﻬﺔ‬ ‫ﺘﻭﺴﻌﻴﺔ‬ ‫ﺴﻴﺎﺴﺎﺕ‬ ‫ﺍﻟﻤﺎﻀﻴﺔ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﻓﻰ‬
‫ﻫﺫﻩ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺨﺭﻭﺝ‬ ‫ﺇﻤﻜﺎﻨﻴﺔ‬ ‫ﺍﻵﻥ‬ ‫ﺘﺒﺤﺙ‬ ‫ﺍﻟﺩﻭل‬ ‫ﻫﺫﻩ‬ ‫ﻓﺈﻥ‬ ،‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﻨﻤﻭ‬
‫ﻫﺫﻩ‬ ‫ﻋﻠﻰ‬ ‫ﻓﻘﻁ‬ ‫ﻟﻴﺱ‬ ‫ﻤﻬﻤﺔ‬ ‫ﺁﺜﺎﺭ‬ ‫ﻟﻪ‬ ‫ﺴﻴﻜﻭﻥ‬ ‫ﻤﻤﺎ‬ ‫ﺍﻟﺴﻴﺎﺴﺎﺕ‬‫ﹰ‬‫ﺎ‬‫ﺃﻴﻀ‬ ‫ﻭﻟﻜﻥ‬ ‫ﺍﻟﺩﻭل‬
‫ﺍﻟﻔﺎﺌﺩﺓ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﻟﺴﻴﺎﺴﺎﺕ‬ ‫ﺒﺎﻟﻨﺴﺒﺔ‬ ‫ﺨﺎﺼﺔ‬ ‫ﻭﺍﻟﻨﺎﻤﻴﺔ‬ ‫ﺍﻟﻨﺎﺸﺌﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺒﺎﻗﻰ‬ ‫ﻋﻠﻰ‬
‫ﺍﻟﺼﺭﻑ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﻭﻋﻠﻰ‬ ‫ﺍﻹﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﺠﺫﺏ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺘﺄﺜﻴﺭﻫﺎ‬.
،‫ﺍﻟﺭﺌﻴﺴﻴﺔ‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻭﺍﻕ‬ ‫ﻷﺩﺍﺀ‬ ‫ﺒﺎﻟﻨﺴﺒﺔ‬ ‫ﺃﻤﺎ‬‫ﺍﻟﻤﻨﺸﻭﺭﺓ‬ ‫ﺍﻟﺒﻴﺎﻨﺎﺕ‬ ‫ﻷﺤﺩﺙ‬ ‫ﹰ‬‫ﺎ‬‫ﻓﻁﺒﻘ‬
‫ﻭﺍﻟﺼ‬ ‫ﺴﻨﻭﻯ‬ ‫ﺍﻟﺭﺒﻊ‬ ‫ﺍﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺁﻓﺎﻕ‬ ‫ﺘﻘﺭﻴﺭ‬ ‫ﻓﻰ‬‫ﺍﻟﺒﻨـﻙ‬ ‫ﻋـﻥ‬ ‫ﺎﺩﺭ‬
‫ﺍﺒﺭﻴل‬ ‫ﻓﻰ‬ ‫ﺍﻟﺩﻭﻟﻰ‬٢٠١٤‫ﹰ‬‫ﺍ‬‫ﺍﺴﺘﻘﺭﺍﺭ‬ ‫ﺍﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﻤﺅﺸﺭ‬ ‫ﺸﻬﺩ‬ ‫ﻓﻘﺩ‬ ،
‫ﻋﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻷﻭل‬ ‫ﺍﻟﺭﺒﻊ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻨﻁﺎﻕ‬ ‫ﻭﺍﺴﻊ‬٢٠١٤‫ﻤﻨﻬـﺎ‬ ‫ﻋﻭﺍﻤل‬ ‫ﻟﻌﺩﺓ‬ ‫ﻨﺘﻴﺠﺔ‬
‫ﺒـ‬ ‫ﺇﺭﺘﻔﻌﺕ‬ ‫ﻭﺍﻟﺘﻰ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻁﻔﻴﻑ‬ ‫ﺍﻟﺘﻐﻴﺭ‬٠,٤%‫ﻤﻘﺎﺭﻨـﺔ‬ ‫ﻓﻘـﻁ‬
‫ﻋﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻷﺨﻴﺭ‬ ‫ﺒﺎﻟﺭﺒﻊ‬٢٠١٣‫ﺍﻟﻤﻌـﺎﺩﻥ‬ ‫ﺃﺴـﻌﺎﺭ‬ ‫ﺍﻨﺨﻔﻀﺕ‬ ‫ﺒﻴﻨﻤﺎ‬ ‫؛‬‫ﺒﻨـﺴﺒﺔ‬
٣,٢%‫ﺍﻟﺼﻴﻥ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻁﻠﺏ‬ ‫ﻀﻌﻑ‬ ‫ﻀﻭﺀ‬ ‫ﻓﻰ‬.
- ٢٢ -
٢٠١٠٢٠١١٢٠١٢٢٠١٣٢٠١٤٢٠١٥
‫ﺔ‬ ‫اﻟﻄﺎﻗ‬ ‫أﺳﻌﺎر‬
١/
(‫ﻟﻠﺒﺮﻣﯿﻞ‬ ‫)دوﻻر‬ ‫ﺑﺮﻧﺖ‬ ‫ﺧﺎم‬٩٦٫٣١١٢٫٥١٠٨٫٧١٠٨٫٣١٠٥٫٠٩٩٫٦
(‫ﺔ‬ ‫ﺑﺮﯾﻄﺎﻧﯿ‬ ‫ﺣﺮارﯾﺔ‬ ‫وﺣﺪة‬ ‫ﻟﻠﺘﺮﯾﻠﯿﻮن‬ ‫دوﻻر‬ ،‫)اﻟﯿﺎﺑﺎن‬ ‫ﻃﺒﯿﻌﻰ‬ ‫ﻏﺎز‬١٠٫٨١٤٫٧١٦٫٦١٦٫٠١٥٫٨١٥٫٠
(‫ﺔ‬ ‫ﺑﺮﯾﻄﺎﻧﯿ‬ ‫ﺣﺮارﯾﺔ‬ ‫وﺣﺪة‬ ‫ﻟﻠﺘﺮﯾﻠﯿﻮن‬ ‫دوﻻر‬ ،‫اﻻوروﺑﻰ‬ ‫)اﻻﺗﺤﺎد‬ ‫ﻃﺒﯿﻌﻰ‬ ‫ﻏﺎز‬٨٫٣١٠٫٥١١٫٥١١٫٨١١٫٤١١٫٠
(‫ﺔ‬ ‫ﺑﺮﯾﻄﺎﻧﯿ‬ ‫ﺣﺮارﯾﺔ‬ ‫وﺣﺪة‬ ‫ﻟﻠﺘﺮﯾﻠﯿﻮن‬ ‫دوﻻر‬ ،‫اﻟﻤﺘﺤﺪة‬ ‫)اﻟﻮﻻﯾﺎت‬ ‫ﻃﺒﯿﻌﻰ‬ ‫ﻏﺎز‬٤٫٤٤٫٠٢٫٨٣٫٧٤٫٥٤٫٧
‫ﺔ‬ ‫اﻷوﻟﯿ‬ ‫ﻠﻊ‬ ‫واﻟﺴ‬ ‫ﺬاء‬ ‫اﻟﻐ‬ ‫ﻮاد‬‫ﻣ‬ ‫ﻌﺎر‬‫أﺳ‬
٢/
(‫ﻃﻦ‬ / ‫دوﻻر‬ ) ‫ﺮﯾﻜﻰ‬‫اﻷﻣ‬ ‫اﻟﻘﻤﺢ‬٢٩٤٫٠٢٤٨٫٢٢٩٧٫٣٢٧٤٫١٢٦٥٫٢٢٦٤٫٩
(‫ﻃﻦ‬ / ‫)دوﻻر‬ ‫اﻟﺼﻮﯾﺎ‬ ‫ﻓﻮل‬٤٤٩٫٨٥٤٠٫٧٥٩١٫٤٥٣٨٫٤٥٥٠٫٠٥٣٥٫٠
٢/
(‫ﻃﻦ‬ / ‫)دوﻻر‬ ‫اﻟﺼﻮﯾﺎ‬ ‫ﻓﻮل‬ ‫زﯾﺖ‬١٠٠٤٫٦١٢٩٩٫٣١٢٢٦٫٣١٠٥٦٫٧٩٣٢٫٢٩٠٩٫٤
(‫ﻃﻦ‬ / ‫دوﻻر‬ ،%٥ ،‫)ﺗﺎﯾﻼﻧﺪ‬ ‫اﻷرز‬٤٨٨٫٩٥٤٣٫٠٥٦٣٫٠٥٠٥٫٩٤٣٠٫٠٤٢٥٫٠
(‫ﻃﻦ‬ / ‫)دوﻻر‬ ‫اﻟﺬرة‬١٨٥٫٩٢٩١٫٧٢٩٨٫٤٢٥٩٫٤٢٢٥٫٠٢٣٥٫٠
(‫ﺟﻢ‬ ‫ﻛﯿﻠﻮ‬ / ‫دوﻻر‬ ،‫ﺎﻟﻤﻰ‬ ‫اﻟﻌ‬ ‫)اﻟﺴﻌﺮ‬ ‫اﻟﺴﻜﺮ‬٠٫٤٧٠٫٥٧٠٫٤٧٠٫٣٩٠٫٤٠٠٫٤٠
(‫ﺟﻢ‬ ‫ﻛﯿﻠﻮ‬ / ‫دوﻻر‬ ،‫ﺔ‬ ‫اﻟﻌﺎﻟﻤﯿ‬ ‫اﻷﺳﻌﺎر‬ ‫)ﻣﺘﻮﺳﻂ‬ ‫اﻟﺸﺎى‬٢٫٨٨٢٫٩٢٢٫٩٠٢٫٨٦٢٫٧٠٢٫٨٠
‫اﻟﻨﻘﺪ‬ ‫ﺻﻨﺪوق‬ ‫ﻟﺘﻮﻗﻌﺎت‬ ‫ﺑﺎﻻﺿﺎﻓﺔ‬ (Futures) ‫اﻟﻤﺴﺘﻘﺒﻠﯿﺔ‬ ‫ﺑﺮﻧﺖ‬ ‫ﺧﺎم‬ ‫ﻷﺳﻌﺎر‬ ‫وﻓﻘﺎ‬ ‫ﺑﺮﻧﺖ‬ ‫ﺧﺎم‬ ‫ﻣﺘﻮﺳﻂ‬ ‫اﺣﺘﺴﺎب‬ ‫ﺗﻢ‬ .٢٠١٢/٢٠١١ ‫اﻟﻤﺎﻟﯿﺔ‬ ‫اﻟﺴﻨﺔ‬ "٢٠١١" ‫ﺗﻤﺜﻞ‬ ‫ﺣﯿﺚ‬ ،‫ﻣﺎﻟﯿﺔ‬ ‫ﺳﻨﺔ‬ /١
.‫اﻟﺪوﻟﻰ‬
‫ﺧﺎم‬ ‫ﻷﺳﻌﺎر‬ ‫وﻓﻘﺎ‬ (Hard Red Winter and Soft Red Winter) ‫اﻟﻘﻤﺢ‬ ‫ﺳﻌﺮ‬ ‫ﻣﺘﻮﺳﻂ‬ ‫اﺣﺘﺴﺎب‬ ‫ﺗﻢ‬ .٢٠١٢/٢٠١١ ‫اﻟﻤﺎﻟﯿﺔ‬ ‫اﻟﺴﻨﺔ‬ "٢٠١١" ‫ﺗﻤﺜﻞ‬ ‫ﺣﯿﺚ‬ ،‫ﻣﺎﻟﯿﺔ‬ ‫ﺳﻨﺔ‬ /٢
.‫اﻟﺪوﻟﻰ‬ ‫اﻟﻨﻘﺪ‬ ‫ﺻﻨﺪوق‬ ‫ﻟﺘﻮﻗﻌﺎت‬ ‫ﺑﺎﻻﺿﺎﻓﺔ‬ (Futures) ‫اﻟﻤﺴﺘﻘﺒﻠﯿﺔ‬ ‫ﺑﺮﻧﺖ‬
(‫وﺣﺪة‬ / ‫)دوﻻر‬
‫ﻊ‬‫ﻣﺘﻮﻗ‬ ‫ﻓﻌﻠﯿﺎت‬
.٢٠١٤ ‫أﺑﺮﯾـﻞ‬ ،‫اﻟﺴـﻠﻊ‬ ‫أﺳـﻮاق‬ ‫آﻓﺎق‬ ‫ﺗﻘﺮﯾﺮ‬ ،‫اﻟﺪوﻟﻰ‬ ‫اﻟﺒﻨﻚ‬ :‫اﻟﻤﺼﺪر‬
‫ﺠﺩﻭل‬)٢:(‫ﺍﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﺍﻟﺘﺠﺎﺭﺓ‬ ‫ﻓﻰ‬ ‫ﺍﻷﻭﻟﻴﺔ‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻌﺎﺭ‬
‫ﺃﻥ‬ ‫ﺍﻟﻤﺘﻭﻗﻊ‬ ‫ﻭﻤﻥ‬‫ﻨﺴﺒﻰ‬ ‫ﺍﺴﺘﻘﺭﺍﺭ‬ ‫ﻫﻨﺎﻙ‬ ‫ﻴﻜﻭﻥ‬‫ﺨﻼل‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﻓﻰ‬
‫ﻋﺎﻤﻰ‬٢٠١٤‫ﻭ‬٢٠١٥.‫ﺍﻟﺒﺘﺭﻭل‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺘﻨﺨﻔﺽ‬ ‫ﺃﻥ‬ ‫ﻴﺘﻭﻗﻊ‬ ،‫ﻨﺎﺤﻴﺔ‬ ‫ﻓﻤﻥ‬
‫ﺍ‬ ‫ﺘﺩﺍﻋﻴﺎﺕ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺭﻏﻡ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺎﻀﻴﺔ‬ ‫ﺒﺎﻟﺴﻨﺔ‬ ‫ﻤﻘﺎﺭﻨﺔ‬ ‫ﻗﻠﻴﻼ‬‫ﺍﻟﺭﻭﺴﻴﺔ‬ ‫ﻷﺯﻤﺔ‬
‫ﺍﻟﻌﺭﺽ‬ ‫ﺠﺎﻨﺏ‬ ‫ﻓﻰ‬ ‫ﺍﺨﺘﻼﻻﺕ‬ ‫ﺤﺩﻭﺙ‬ ‫ﺍﺤﺘﻤﺎل‬ ‫ﻀﻌﻑ‬ ‫ﺒﺴﺒﺏ‬ ‫ﺍﻷﻭﻜﺭﺍﻨﻴﺔ‬.‫ﻭ‬‫ﻭﻓﻘﺎ‬
‫ﺍﻟﺒﺘﺭﻭل‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺴﺠﻠﺕ‬ ‫ﻓﻘﺩ‬ ،‫ﺍﻟﺩﻭﻟﻰ‬ ‫ﺍﻟﺒﻨﻙ‬ ‫ﻋﻥ‬ ‫ﺍﻟﺼﺎﺩﺭﺓ‬ ‫ﺍﻟﺒﻴﺎﻨﺎﺕ‬ ‫ﻷﺤﺩﺙ‬
)‫ﺒﺭﻨﺕ‬ ‫ﺨﺎﻡ‬(‫ﻨﺤﻭ‬١٠٩‫ﺩﻭﻻﺭ‬/‫ﻴﻭﻟﻴﻭ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺒﺭﻤﻴل‬-‫ﻤﺎﻴﻭ‬
٢٠١٣/٢٠١٤‫ﻤﻘﺎﺒل‬١١٠‫ﺩﻭﻻﺭ‬/‫ﺍﻟﻌﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﻨﻔﺱ‬ ‫ﺨﻼل‬ ‫ﺒﺭﻤﻴل‬
‫ﺍﻟﺴﺎﺒﻕ‬.
- ٢٣ -
٠
٢٠
٤٠
٦٠
٨٠
١٠٠
١٢٠
١٤٠
١٦٠
‫أﺑرﯾل‬-٠٧
‫ﺳﺑﺗﻣﺑر‬-٠٧
‫ﻓﺑراﯾر‬-٠٨
‫ﯾوﻟﯾو‬-٠٨
‫دﯾﺳﻣﺑر‬-٠٨
‫ﻣﺎﯾو‬-٠٩
‫أﻛﺗوﺑر‬-٠٩
‫ﻣﺎرس‬-١٠
‫أﻏﺳطس‬-١٠
‫ﯾﻧﺎﯾر‬-١١
‫ﯾوﻧﯾو‬-١١
‫ﻧوﻓﻣﺑر‬-١١
‫أﺑرﯾل‬-١٢
‫ﺳﺑﺗﻣﺑر‬-١٢
‫ﻓﺑراﯾر‬-١٣
‫ﯾوﻟﯾو‬-١٣
‫دﯾﺳﻣﺑر‬-١٣
‫اﻟﻣﺻدر‬:‫اﻟدوﻟﻰ‬ ‫اﻟﺑﻧك‬
‫ﺷﻛل‬)١:(‫اﻟﻌﺎﻟﻣﯾﺔ‬ ‫اﻟﺑﺗرول‬ ‫أﺳﻌﺎر‬ ‫ﺗطور‬
٠
٢٠٠
٤٠٠
٦٠٠
٨٠٠
١٠٠٠
١٢٠٠
١٤٠٠
١٦٠٠
١٨٠٠
‫أﺑرﯾل‬-٠٧
‫أﻏﺳطس‬-٠٧
‫دﯾﺳﻣﺑر‬-٠٧
‫أﺑرﯾل‬-٠٨
‫أﻏﺳطس‬-٠٨
‫دﯾﺳﻣﺑر‬-٠٨
‫أﺑرﯾل‬-٠٩
‫أﻏﺳطس‬-٠٩
‫دﯾﺳﻣﺑر‬-٠٩
‫أﺑرﯾل‬-١٠
‫أﻏﺳطس‬-١٠
‫دﯾﺳﻣﺑر‬-١٠
‫أﺑرﯾل‬-١١
‫أﻏﺳطس‬-١١
‫دﯾﺳﻣﺑر‬-١١
‫أﺑرﯾل‬-١٢
‫أﻏﺳطس‬-١٢
‫دﯾﺳﻣﺑر‬-١٢
‫أﺑرﯾل‬-١٣
‫أﻏﺳطس‬-١٣
‫دﯾﺳﻣﺑر‬-١٣
‫أﺑرﯾل‬-١٤
‫اﻟﻣﺻدر‬:‫اﻟدوﻟﻰ‬ ‫اﻟﺑﻧك‬
‫ﺷﻛل‬)٢:(‫ﻟﻠﺳﻠﻊ‬ ‫اﻟﻌﺎﻟﻣﯾﺔ‬ ‫اﻷﺳﻌﺎر‬ ‫ﺗطور‬
‫اﻟﺻوﯾﺎ‬ ‫ﻓول‬ ‫زﯾت‬ ‫اﻟذرة‬ ‫اﻟﻘﻣﺢ‬*
*‫ﺑﻧوﻋﯾﮫ‬ ‫اﻟﻘﻣﺢ‬ ‫ﺳﻌر‬ ‫ﻣﺗوﺳط‬ ‫ﯾﻌﻛس‬)' Hard Red Winter, and Soft Red Winter
‫ﺘﻭﻗﻊ‬ ‫ﺫﻟﻙ‬ ‫ﻤﻊ‬ ‫ﻴﺘﻭﺍﻜﺏ‬‫ﻨﺴﺒﻴﺎ‬ ‫ﺍﻟﻁﺒﻴﻌﻰ‬ ‫ﺍﻟﻐﺎﺯ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺘﺭﺘﻔﻊ‬ ‫ﺃﻥ‬‫ﺨﻼل‬
‫ﻋﺎﻡ‬٢٠١٤‫ﻟﺘﺴﺠل‬٤,٥‫ﺨﻼل‬ ‫ﺤﺭﺍﺭﻴﺔ‬ ‫ﺒﺭﻴﻁﺎﻨﻴﺔ‬ ‫ﻭﺤﺩﺓ‬ ‫ﻟﻠﻤﻠﻴﻭﻥ‬ ‫ﺩﻭﻻﺭ‬
٢٠١٤‫ﺒﺯﻴﺎﺩﺓ‬٢٢%‫ﺍﻟﺴﺎﺒﻕ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻋﻥ‬‫ﺍﻟﻁﻠﺏ‬ ‫ﻟﺯﻴﺎﺩﺓ‬‫ﻜﺜﻴﻔﺔ‬ ‫ﺍﻟﺼﻨﺎﻋﺎﺕ‬ ‫ﻤﻥ‬
‫ﻟﻠﻁﺎﻗﺔ‬ ‫ﺍﻹﺴﺘﺨﺩﺍﻡ‬‫ﺭﻜﻭﺩ‬ ‫ﺍﺴﺘﻤﺭﺍﺭ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺭﻏﻡ‬ ‫ﻋﻠﻰ‬ ،‫ﺍﻷﻤﺭﻴﻜﻰ‬ ‫ﺍﻟﺴﻭﻕ‬ ‫ﻓﻰ‬
‫ﺍ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻁﻠﺏ‬‫ﻭﺍﻟﻴﺎﺒﺎﻥ‬ ‫ﺍﻷﻭﺭﻭﺒﻴﺔ‬ ‫ﺍﻟﺴﻭﻕ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻁﺒﻴﻌﻰ‬ ‫ﻟﻐﺎﺯ‬.‫ﺍﻹﺸﺎﺭﺓ‬ ‫ﻭﺘﺠﺩﺭ‬
‫ﹰ‬‫ﺎ‬‫ﻭﻓﻘ‬ ‫ﺍﻟﻤﻨﺎﻁﻕ‬ ‫ﺒﺤﺴﺏ‬ ‫ﻜﺒﻴﺭ‬ ‫ﺒﺸﻜل‬ ‫ﺘﺨﺘﻠﻑ‬ ‫ﺍﻟﻁﺒﻴﻌﻰ‬ ‫ﺍﻟﻐﺎﺯ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺃﻥ‬ ‫ﺇﻟﻰ‬
‫ﺍﻟﻨﻘل‬ ‫ﻭﺃﺴﻠﻭﺏ‬ ‫ﺍﻹﻨﺘﺎﺝ‬ ‫ﻟﺘﻜﻠﻔﺔ‬)‫ﺠﺩﻭل‬٢(.
‫ﻋﻭﺍﻤل‬ ‫ﺒﻌﺩﺓ‬ ‫ﹰ‬‫ﺎ‬‫ﺘﺫﺒﺫﺒ‬ ‫ﺍﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﺍﻟﻐﺫﺍﺀ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺘﺄﺜﺭﺕ‬ ،‫ﺃﺨﺭﻯ‬ ‫ﻨﺎﺤﻴﺔ‬ ‫ﻤﻥ‬،
‫ﻴﺘﻭﻗﻊ‬ ‫ﺤﻴﺙ‬‫ﺍﻟﻐ‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺘﺸﻬﺩ‬ ‫ﺃﻥ‬‫ﻭﺍﻟﺫﺭﺓ‬ ‫ﺍﻟﻘﻤﺢ‬ ‫ﻤﺜل‬ ‫ﺫﺍﺌﻴﺔ‬‫ﻓﻰ‬ ‫ﹰ‬‫ﺍ‬‫ﺇﺴﺘﻘﺭﺍﺭ‬
‫ﺍﻷ‬‫ﺴﻌﺎﺭ‬‫؛‬‫ﺇﻨﺨﻔﺎﺽ‬ ‫ﻴﺘﻭﻗﻊ‬ ‫ﺒﻴﻨﻤﺎ‬‫ﺍﻷﺭ‬ ‫ﺃﺴﻌﺎﺭ‬‫ﺯ‬.
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‫ﺍﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﺍﻟﺒﻭﺭﺼﺎﺕ‬ ‫ﻓﻰ‬ ‫ﺍﻷﻤﺭﻴﻜﻰ‬ ‫ﺍﻟﻘﻤﺢ‬ ‫ﺴﻌﺭ‬ ‫ﻤﺘﻭﺴﻁ‬ ‫ﺸﻬﺩ‬ ‫ﻜﻤﺎ‬
‫ﻴﻭﻟﻴﻭ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﹰ‬‫ﺎ‬‫ﺘﺭﺍﺠﻌ‬-‫ﻤﺎﻴﻭ‬٢٠١٣/٢٠١٤‫ﺒﻨﺴﺒﺔ‬١١,٦%‫ﻤﻘﺎﺭﻨﺔ‬
‫ﻤﺘﻭﺴﻁ‬ ‫ﻟﻴﺒﻠﻎ‬ ‫ﺍﻟﺴﺎﺒﻕ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺒﻨﻔﺱ‬٢٨٨‫ﺩﻭﻻﺭ‬/‫ﺯﻴﺎﺩ‬ ‫ﻨﺘﻴﺠﺔ‬ ‫ﻁﻥ‬‫ﺓ‬
‫ﺍﺴﺘﻤﺭﺍﺭ‬ ‫ﺭﻏﻡ‬ ‫ﻭﺫﻟﻙ‬ ‫ﺍﻟﺘﺼﺩﻴﺭ‬ ‫ﻟﻘﻴﻭﺩ‬ ‫ﻭﺃﻭﻜﺭﺍﻨﻴﺎ‬ ‫ﺭﻭﺴﻴﺎ‬ ‫ﺇﻟﻐﺎﺀ‬ ‫ﺒﻌﺩ‬ ‫ﺍﻟﻤﻌﺭﻭﺽ‬
‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﻫﺫﻩ‬ ‫ﺨﻼل‬ ‫ﻋﺎﻡ‬ ‫ﺒﺸﻜل‬ ‫ﺍﻟﻤﻨﺎﺥ‬ ‫ﺴﻭﺀ‬.‫ﺘﻠﻙ‬ ‫ﺘﺴﺘﻤﺭ‬ ‫ﺃﻥ‬ ‫ﺍﻟﻤﺘﻭﻗﻊ‬ ‫ﻭﻤﻥ‬
‫ﻴﺴﺠل‬ ‫ﺃﻥ‬ ‫ﻴﺘﻭﻗﻊ‬ ‫ﺤﻴﺙ‬ ،‫ﺍﻟﻌﺎﻟﻤﻰ‬ ‫ﺍﻟﻘﻤﺢ‬ ‫ﺴﻌﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﺘﺄﺜﻴﺭ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻌﻭﺍﻤل‬
‫ﺍﻟﻘﻤﺢ‬ ‫ﺴﻌﺭ‬ ‫ﻤﺘﻭﺴﻁ‬٢٦٥‫ﺩﻭﻻﺭ‬/‫ﺨﻼل‬ ‫ﻁﻥ‬٢٠١٤/٢٠١٥.
‫ﻨﻔﺴﻪ‬ ‫ﺍﻟﻭﻗﺕ‬ ‫ﻭﻓﻰ‬‫ﺇﺴﺘﻤﺭﺕ‬‫ﺃﺴﻌﺎﺭ‬‫ﺯﻴﺕ‬‫ﻓﻭل‬‫ﺍﻟﺼﻭﻴﺎ‬‫ﻓﻰ‬‫ﺍﻟﺘﺭﺍﺠﻊ‬
‫ﻤﺘﻭﺴﻁ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬٩٩٠‫ﺩﻭﻻﺭ‬/‫ﻴﻭﻟﻴﻭ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﻁﻥ‬-‫ﻤﺎﻴﻭ‬
٢٠١٣/٢٠١٤‫ﺒﺈﻨﺨﻔﺎﺽ‬١٦%‫ﺍﻟﺴﺎﺒﻕ‬ ‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﻨﻔﺱ‬ ‫ﻋﻥ‬
‫ﺒﺴﺒﺏ‬‫ﺍﻻﻨﺘﺎﺝ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻤﻊ‬ ‫ﺍﻟﻌﺎﻟﻤﻰ‬ ‫ﺍﻟﻤﺨﺯﻭﻥ‬ ‫ﺯﻴﺎﺩﺓ‬.‫ﺴﻌﺭ‬ ‫ﻴﺴﺘﻤﺭ‬ ‫ﺃﻥ‬ ‫ﻭﻴﺘﻭﻗﻊ‬
‫ﺇﻟﻰ‬ ‫ﺍﻻﻨﺨﻔﺎﺽ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺼﻭﻴﺎ‬ ‫ﻓﻭل‬ ‫ﺯﻴﺕ‬٩٣٢‫ﺩﻭﻻﺭ‬/‫ﺨﻼ‬ ‫ﻁﻥ‬‫ﻋﺎﻡ‬ ‫ل‬
٢٠١٤/٢٠١٥‫ﺠﺎﻨﺏ‬ ‫ﻋﻠﻰ‬ ‫ﺍﺨﺘﻼﻻﺕ‬ ‫ﻭﺠﻭﺩ‬ ‫ﺍﺤﺘﻤﺎﻟﻴﺔ‬ ‫ﻟﻀﻌﻑ‬ ‫ﻨﺘﻴﺠﺔ‬ ‫ﻭﺫﻟﻙ‬ ،
‫ﺍﻟﻌﺭﺽ‬.
‫ﺏ‬–‫ﺍﳌﺼﺮﻯ‬ ‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﺗﻮﺍﺟﻪ‬ ‫ﺍﻟﱴ‬ ‫ﺍﻟﺘﺤﺪﻳﺎﺕ‬ ‫ﺃﻫﻢ‬
‫ﻟﻤﺭﺤﻠﺔ‬ ‫ﺍﻟﻤﺼﺎﺤﺒﺔ‬ ‫ﺍﻵﺜﺎﺭ‬ ‫ﻤﻥ‬ ‫ﻴﻌﺎﻨﻰ‬ ‫ﺍﻟﻤﺼﺭﻯ‬ ‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﻴﺯﺍل‬ ‫ﻻ‬
‫ﻤﻭﺍﺠﻬﺔ‬ ‫ﺘﺘﻁﻠﺏ‬ ‫ﺍﻟﺘﻰ‬ ‫ﺍﻟﺘﺤﺩﻴﺎﺕ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻌﺩﻴﺩ‬ ‫ﻴﻔﺭﺽ‬ ‫ﻤﺎ‬ ‫ﻭﻫﻭ‬ ‫ﺍﻟﺴﻴﺎﺴﻰ‬ ‫ﺍﻹﻨﺘﻘﺎل‬
‫ﺍﻟﺠ‬ ‫ﻜل‬ ‫ﻭﺒﺫل‬ ‫ﺤﺎﺴﻤﺔ‬‫ﺍﻟﻌﻭﺩﺓ‬ ‫ﺒﻬﺩﻑ‬ ‫ﻓﻘﻁ‬ ‫ﻟﻴﺱ‬ ،‫ﺘﺴﻭﻴﻑ‬ ‫ﺃﻭ‬ ‫ﺘﺄﺠﻴل‬ ‫ﺩﻭﻥ‬ ‫ﻬﺩ‬
‫ﻴﺼﺒﻭ‬ ‫ﻤﺎ‬ ‫ﺘﺤﻘﻕ‬ ‫ﺠﺩﻴﺩﺓ‬ ‫ﻟﻤﺭﺤﻠﺔ‬ ‫ﻟﻺﻨﻁﻼﻕ‬ ‫ﻭﻟﻜﻥ‬ ،‫ﺴﺎﺒﻕ‬ ‫ﺇﻗﺘﺼﺎﺩﻯ‬ ‫ﻭﻀﻊ‬ ‫ﺇﻟﻰ‬
‫ﺍﻟﺸﺎﻤﻠﺔ‬ ‫ﻭﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺍﻟﻜﺭﻴﻡ‬ ‫ﺍﻟﻌﻴﺵ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﻭﺍﻁﻥ‬ ‫ﺇﻟﻴﻪ‬.
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‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺘﺒﺎﻁﺅ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺘﺤﺩﻴﺎﺕ‬ ‫ﻫﺫﻩ‬ ‫ﺃﻜﺒﺭ‬ ‫ﻭﺘﺘﻤﺜل‬
‫ﺍﻟﻤﻁﻠﻭﺒ‬ ‫ﺍﻟﻤﺴﺘﻭﻴﺎﺕ‬ ‫ﻋﻥ‬ ‫ﹰ‬‫ﺍ‬‫ﻜﺜﻴﺭ‬ ‫ﺘﻘل‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺇﻟﻰ‬ ‫ﻟﻴﺼل‬‫ﻋﻤل‬ ‫ﻓﺭﺹ‬ ‫ﻟﺘﻭﻓﻴﺭ‬ ‫ﺔ‬
‫ﺇﺭﺘﻔﺎﻉ‬ ‫ﺍﻟﻭﻗﺕ‬ ‫ﻨﻔﺱ‬ ‫ﻭﻓﻰ‬ ،‫ﻭﺍﻟﺘﻀﺨﻡ‬ ‫ﺍﻟﺒﻁﺎﻟﺔ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻭﺇﺭﺘﻔﺎﻉ‬ ،‫ﻟﻠﻤﻭﺍﻁﻨﻴﻥ‬
‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﻤﺴﺘﻘﺭﺓ‬ ‫ﻏﻴﺭ‬ ‫ﻤﺴﺘﻭﻴﺎﺕ‬ ‫ﺇﻟﻰ‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻋﺠﺯ‬
‫ﻤﻭﺍﺭﺩ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺎﻀﻴﺔ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻹﻋﺘﻤﺎﺩ‬ ‫ﻤﻊ‬ ‫ﺍﻟﺼﺭﻑ‬ ‫ﺴﻌﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻀﻐﻭﻁ‬
‫ﻓ‬ ‫ﺍﻟﺨﺎﺭﺠﻴﺔ‬ ‫ﺍﻟﻤﻌﺎﻤﻼﺕ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺘﻭﺍﺯﻥ‬ ‫ﻟﺘﺤﻘﻴﻕ‬ ‫ﺇﺴﺘﺜﻨﺎﺌﻴﺔ‬‫ﻤﺤﺩﻭﺩﻴﺔ‬ ‫ﻀﻭﺀ‬ ‫ﻰ‬
‫ﻭﺍﻟﺘﺭﺍﺠﻊ‬ ‫ﺍﻷﺠﻨﺒﻴﺔ‬ ‫ﺍﻷﻤﻭﺍل‬ ‫ﻭﺭﺅﻭﺱ‬ ‫ﺍﻟﻤﺒﺎﺸﺭﺓ‬ ‫ﺍﻷﺠﻨﺒﻴﺔ‬ ‫ﺍﻹﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﺘﺩﻓﻘﺎﺕ‬
‫ﺍﻟﺴﻴﺎﺤﺔ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺤﺎﺩ‬.
‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻷﺩﺍﺀ‬ ‫ﺘﻁﻭﺭﺍﺕ‬ ‫ﺘﻌﻜﺱ‬ ‫ﺍﻟﺘﻰ‬ ‫ﺍﻟﻤﺅﺸﺭﺍﺕ‬ ‫ﺃﻫﻡ‬ ‫ﻴﻠﻰ‬ ‫ﻭﻓﻴﻤﺎ‬
‫ﻭﺍﻟﻤﺎﻟﻰ‬:
١-‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺇﻨﺨﻔﺎﺽ‬
‫ﺍﻟﻤـﺎﻟﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻷﻭل‬ ‫ﺍﻟﻨﺼﻑ‬ ‫ﺒﻴﺎﻨﺎﺕ‬ ‫ﺘﺸﻴﺭ‬٢٠١٣/٢٠١٤‫ﺇﻟـﻰ‬
‫ﺘﺤﻘﻴ‬‫ﻗﺩﺭﻩ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩل‬ ‫ﻕ‬١,٢%‫ﻤﻌـﺩل‬ ‫ﻭﻫﻭ‬ ‫ﺍﻹﺠﻤﺎﻟﻰ‬ ‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﻟﻠﻨﺎﺘﺞ‬
‫ﹰ‬‫ﺍ‬‫ﺘـﺄﺜﺭ‬ ‫ﻭﺫﻟﻙ‬ ،‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻤﺘﺎﺤﺔ‬ ‫ﺍﻟﻁﺎﻗﺎﺕ‬ ‫ﻋﻥ‬ ‫ﻜﺒﻴﺭ‬ ‫ﺒﺸﻜل‬ ‫ﻴﻨﺨﻔﺽ‬
‫ﺍﻟﺼﻨﺎﻋﺎﺕ‬ ‫ﻗﻁﺎﻋﻰ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ‫ﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﻤﻌﻅﻡ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﻤﻌﺩل‬ ‫ﺒﺘﺭﺍﺠﻊ‬
‫ﺍﻻﻨﺘﻘـﺎل‬ ‫ﺒﻤﺭﺍﺤل‬ ‫ﹰ‬‫ﺍ‬‫ﺘﺄﺜﺭ‬ ‫ﺴﺎﻟﺒﺔ‬ ‫ﻨﻤﻭ‬ ‫ﻟﻤﻌﺩﻻﺕ‬ ‫ﻭﺍﻟﺴﻴﺎﺤﺔ‬ ‫ﺍﻹﺴﺘﺨﺭﺍﺠﻴﺔ‬
‫ﻋﻠﻰ‬ ‫ﺫﻟﻙ‬ ‫ﻭﺍﻨﻌﻜﺎﺱ‬ ‫ﺍﻟﺴﻴﺎﺴﻰ‬‫ﺃﺼـﺤﺎﺏ‬ ‫ﻭﺘﺨـﻭﻑ‬ ‫ﺍﻷﻤﻨﻴـﺔ‬ ‫ﺍﻷﺤﻭﺍل‬
‫ﺍﻟﻤﺘﻭﺴﻁ‬ ‫ﺍﻟﻤﺩﻯ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻟﻭﻀﻊ‬ ‫ﻤﻥ‬ ‫ﺍﻷﻤﻭﺍل‬ ‫ﺭﺅﻭﺱ‬.
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‫ﺒﻨﺤﻭ‬ ‫ﺍﻟﺴﻴﺎﺤﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩل‬ ‫ﺘﺭﺍﺠﻊ‬ ‫ﻓﻘﺩ‬٣٠%‫ﻤﻌﺩل‬ ‫ﺘﺭﺍﺠﻊ‬ ‫ﻜﻤﺎ‬ ،
‫ﺒﻨﺴﺒﺔ‬ ‫ﺍﻹﺴﺘﺨﺭﺍﺠﻴﺔ‬ ‫ﺍﻟﺼﻨﺎﻋﺎﺕ‬ ‫ﻨﻤﻭ‬٤) %‫ﻭﺨﺎﺼﺔ‬‫ﺍﻟﻐﺎﺯ‬ ‫ﺇﺴﺘﺨﺭﺍﺝ‬ ‫ﻗﻁﺎﻉ‬
‫ﺍﻟﻁﺒﻴﻌﻰ‬‫ﺘﺭﺍﺠﻊ‬ ‫ﻭﺍﻟﺫﻯ‬‫ﺒﻨﺴﺒﺔ‬٨,٢%‫ﺍ‬ ‫ﻤﻌﺩل‬ ‫ﻓﻲ‬ ‫ﺴﻠﺒﻰ‬ ‫ﺒﺸﻜل‬ ‫ﹰ‬‫ﺎ‬‫ﻤﺴﻬﻤ‬‫ﻟﻨﻤﻭ‬
‫ﺨﻼل‬ ‫ﺍﻟﻤﺤﻘﻕ‬‫ﺇﻟﻴﻬﺎ‬ ‫ﺍﻟﻤﺸﺎﺭ‬ ‫ﺍﻟﻔﺘﺭﺓ‬(‫ﺍﻹﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﺤﺠﻡ‬ ‫ﺇﻨﺨﻔﺎﺽ‬ ‫ﻀﻭﺀ‬ ‫ﻓﻰ‬
‫ﻟﻠﺸﺭﻜﺎﺀ‬ ‫ﺍﻟﻤﺴﺘﺤﻘﺔ‬ ‫ﺍﻟﻤﺘﺄﺨﺭﺍﺕ‬ ‫ﺤﺠﻡ‬ ‫ﻭﺯﻴﺎﺩﺓ‬ ‫ﺍﻟﻘﻁﺎﻉ‬ ‫ﻫﺫﺍ‬ ‫ﻓﻰ‬ ‫ﺍﻷﺠﻨﺒﻴﺔ‬
‫ﺍﻟﺒﺘﺭﻭل‬ ‫ﻫﻴﺌﺔ‬ ‫ﻁﺭﻑ‬ ‫ﺍﻷﺠﺎﻨﺏ‬.‫ﻟﺴﺩﺍﺩ‬ ‫ﺒﺭﻨﺎﻤﺞ‬ ‫ﺘﻨﻔﻴﺫ‬ ‫ﺍﻟﺤﻜﻭﻤﺔ‬ ‫ﺒﺩﺃﺕ‬ ‫ﻭﻗﺩ‬
‫ﺩﻴﺴﻤﺒﺭ‬ ‫ﻤﻨﺫ‬ ‫ﺍﻷﺠﺎﻨﺏ‬ ‫ﻟﻠﺸﺭﻜﺎﺀ‬ ‫ﺍﻟﻤﺘﺄﺨﺭﺍﺕ‬٢٠١٣‫ﺍﻟﻤﻭﻗﻑ‬ ‫ﺘﺤﺴﻥ‬ ‫ﻭﻤﻊ‬ ،
‫ﺍﻟﻤﺎﻟﻰ‬‫ﺍﻟﻘﻁﺎﻉ‬ ‫ﺩﺍﺨل‬ ‫ﺃﺨﺭﻯ‬ ‫ﻤﺭﺓ‬ ‫ﺍﻹﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﻋﻭﺩﺓ‬ ‫ﺍﻟﻤﻨﺘﻅﺭ‬ ‫ﻓﻤﻥ‬ ‫ﻟﻠﻬﻴﺌﺔ‬
‫ﺍﻟﻘﺎﺩﻤﺔ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬.
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،‫ﺁﺨﺭ‬ ‫ﻨﺤﻭ‬ ‫ﻭﻋﻠﻰ‬‫ﻜﻼ‬ ‫ﻴﻌﺘﺒﺭ‬‫ﻗﻁﺎﻋ‬ ‫ﻤﻥ‬‫ﻰ‬‫ﺍﻟﺯﺭﺍﻋﺔ‬‫ﻭ‬‫ﺍﻟﻌﺎﻤـﺔ‬ ‫ﺍﻟﺤﻜﻭﻤﺔ‬
‫ﻟﻠﻨﻤﻭ‬ ‫ﺍﻟﻤﺤﺭﻜﺔ‬ ‫ﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﺃﻫﻡ‬ ‫ﻤﻥ‬‫ﺍﻟﻤـﺎﻟﻰ‬ ‫ﺍﻟﻌـﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻷﻭل‬ ‫ﺍﻟﻨﺼﻑ‬ ‫ﺨﻼل‬
‫ﺍﻟﺠﺎﺭﻯ‬‫ﺒـ‬ ‫ﺘﻘﺩﺭ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺴﺠﻼ‬ ‫ﺤﻴﺙ‬ ،٣,٥%‫ﻭ‬٥,٥%‫ﺍﻟﺘـﻭﺍ‬ ‫ﻋﻠﻰ‬‫ﻟﻰ‬
)‫ﺒﻨﺤﻭ‬ ‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﺍﻟﻨﺎﺘﺞ‬ ‫ﻨﻤﻭ‬ ‫ﻓﻲ‬ ‫ﺴﺎﻫﻡ‬ ‫ﻤﻤﺎ‬٠,٦‫ﻭ‬٠,٥‫ﻋﻠـﻰ‬ ‫ﻤﺌﻭﻴـﺔ‬ ‫ﻨﻘﻁﺔ‬
‫ﺍﻟﺘﻭﺍﻟﻰ‬(‫ﻜﻤﺎ‬ ،‫ﻗﻁﺎﻋ‬ ‫ﺸﻬﺩ‬‫ﺎ‬‫ﻏﻴﺭ‬ ‫ﺍﻟﺘﺤﻭﻴﻠﻴﺔ‬ ‫ﺍﻟﺼﻨﺎﻋﺎﺕ‬‫ﺍﻟ‬‫ﻭﺍﻟﺘـﺸﻴﻴﺩ‬ ‫ﺒﺘﺭﻭﻟﻴﺔ‬
‫ﺘﺒﻠﻎ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻭﺍﻟﺒﻨﺎﺀ‬٢,٣%‫ﻭ‬٣,٩) %‫ﻤـﺴﺎﻫﻤﺔ‬ ‫ﺒﻨﺴﺏ‬٠,٣‫ﻭ‬٠,٢
‫ﻤﺌﻭﻴﺔ‬ ‫ﻨﻘﻁﺔ‬(‫ﺍﻟﺘﻭﺍﻟﻰ‬ ‫ﻋﻠﻰ‬.
‫ﺘﺩﺭ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﻤﻌﺩل‬ ‫ﻴﺭﺘﻔﻊ‬ ‫ﺃﻥ‬ ‫ﺍﻟﻤﺘﻭﻗﻊ‬ ‫ﻭﻤﻥ‬‫ﻋـﻭﺩﺓ‬ ‫ﻤـﻊ‬ ‫ﹰ‬‫ﺎ‬‫ﻴﺠﻴ‬
‫ﺨـﻼل‬ ‫ﻟﻴﺭﺘﻔـﻊ‬ ‫ﺍﻟﻤﺼﺭﻯ‬ ‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺜﻘﺔ‬ ‫ﻭﻤﻌﺩﻻﺕ‬ ‫ﺍﻟﺴﻴﺎﺴﻰ‬ ‫ﺍﻹﺴﺘﻘﺭﺍﺭ‬
‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻟﻌﺎﻡ‬٢٠١٤/٢٠١٥‫ﻨﺤﻭ‬ ‫ﺇﻟﻰ‬٣,٢.%
- ٢٨ -
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Financial statement14 15

  • 1. ‫ﺍﻟﻌﺮﺑﻴﺔ‬ ‫ﻣﺼﺮ‬ ‫ﲨﻬﻮﺭﻳﺔ‬ ‫ﺍﻟــﻤﺎﻟـــ‬ ‫ﺍﻟﺒﻴـــــﺎﻥ‬‫ﻰ‬ ‫ﻋـﻦ‬ ‫ﻟﻠﺪﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻣﺔ‬ ‫ﺍﳌﻮﺍﺯﻧﺔ‬ ‫ﻣﺸﺮﻭﻉ‬ ‫ﺍﳌﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻨﺔ‬٢٠١٤/٢٠١٥ ‫ﻳﻘﺪﻣﻪ‬ ‫ﺩﻣﻴﺎﻥ‬ ‫ﻗﺪﺭﻱ‬ ‫ﻫﺎﻧﻲ‬ ‫ﺍﳌﺎﻟﻴﺔ‬ ‫ﻭﺯﻳﺮ‬ ‫ﺍﻟﻘﺎﻫﺮﺓ‬ ‫ﻳﻮﻧﻴﻮ‬٢٠١٤
  • 2. ١
  • 3. ‫ﺃ‬ ‫ﳏﺘﻮﻳﺎﺕ‬‫ﺍﻟﺒﻴﺎﻥ‬‫ﺍﳌﺎﱄ‬ ‫ﳌ‬‫ﺸﺮﻭﻉ‬‫ﻟﻠﺪﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻣﺔ‬ ‫ﺍﳌﻮﺍﺯﻧﺔ‬ ‫ﻟﻠﺴﻨﺔ‬‫ﺍﳌﺎﻟﻴـــﺔ‬٢٠١٤/٢٠١٥ ‫ـــــــ‬ ‫ﺍﻟ‬ ‫ﺭﻗﻡ‬‫ﺼﻔﺤﺔ‬ ‫ﺍﻟﻤﻘﺩﻤﺔ‬ ‫ﺍﻟﻔﺼ‬‫ـــ‬‫ﺍﻷﻭل‬ ‫ل‬:‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻻﻁﺎﺭ‬‫ﺍﻟﻤﺎﻟﻴـﺔ‬ ‫ﻟﻠﺴﻨﺔ‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻟﻤﺸﺭﻭﻉ‬ ٢٠١٤/٢٠١٥ ‫ﹰ‬‫ﻻ‬‫ﺃﻭ‬:-‫ﺍﻷﻫﺩﺍﻑ‬‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻴﺎﺴﺔ‬ ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺜ‬‫ﹰ‬‫ﺎ‬‫ﺎﻨﻴ‬:-‫ﻭﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﻤﺎﻟﻲ‬ ‫ﺍﻟﻤﻭﻗﻑ‬ ‫ﹰ‬‫ﺎ‬‫ﺜﺎﻟﺜ‬:-‫ﺍﻟﻤـﺎﻟﻰ‬ ‫ﺍﻟﻌـﺎﻡ‬ ‫ﻤﻭﺍﺯﻨـﺔ‬ ‫ﻟﻤـﺸﺭﻭﻉ‬ ‫ﺍﻟﺭﺌﻴﺴﻴﺔ‬ ‫ﺍﻟﻤﻼﻤﺢ‬ ٢٠١٤/٢٠١٥ ‫ﺍﻟﻔﺼل‬‫ﺍﻟﺜﺎﻨﻰ‬:‫ﺍﻟﻌﺎﻤـﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨـﺔ‬ ‫ﻤـﺸﺭﻭﻉ‬ ‫ﻭﻤﻭﺍﺭﺩ‬ ‫ﺍﺴﺘﺨﺩﺍﻤﺎﺕ‬ ‫ﺘﻘﺩﻴﺭﺍﺕ‬ ‫ﺃﺴﺱ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻨﺔ‬ ‫ﻟﻠﺩﻭﻟﺔ‬٢٠١٤/٢٠١٥)‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﻟﻠﺘﻘﺴﻴﻡ‬ ‫ﹰ‬‫ﺎ‬‫ﻁﺒﻘ‬( ‫ﺍﻻﺴﺘﺨﺩﺍﻤﺎﺕ‬)‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻹﻨﻔﺎﻕ‬( ‫ﺃ‬-‫ﺍﻟﻤﺼﺭ‬‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﻟﻠﺘﻘﺴﻴﻡ‬ ‫ﹰ‬‫ﺎ‬‫ﻭﻓﻘ‬ ‫ﻭﻓﺎﺕ‬ ‫ﺏ‬-‫ﻟﻠﺘﻘﺴﻴﻡ‬ ‫ﹰ‬‫ﺎ‬‫ﻭﻓﻘ‬ ‫ﺍﻟﻤﺼﺭﻭﻓﺎﺕ‬‫ﺍﻟﻭﻅﻴﻔﻲ‬ ‫ﹰ‬‫ﺎ‬‫ﺜﺎﻨﻴ‬:-‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻷﺼﻭل‬ ‫ﺤﻴﺎﺯﺓ‬ ‫ﹰ‬‫ﺎ‬‫ﺜﺎﻟﺜ‬:-‫ﺴﺩﺍﺩ‬‫ﺃﻗﺴﺎﻁ‬‫ﺍﻟﻘﺭﻭﺽ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺭﺩ‬ ‫ﹰ‬‫ﻻ‬‫ﺃﻭ‬:-‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻹﻴﺭﺍﺩﺍﺕ‬ ‫ﹰ‬‫ﺎ‬‫ﺜﺎﻨﻴ‬:-‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻷﺼﻭل‬ ‫ﺤﻴﺎﺯﺓ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﺘﺤﺼﻼﺕ‬ ‫ﹰ‬‫ﺎ‬‫ﺜﺎﻟﺜ‬:-‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻷﻭﺭﺍﻕ‬ ‫ﻭﺇﺼﺩﺍﺭ‬ ‫ﺍﻹﻗﺘﺭﺍﺽ‬ ‫ﺍ‬‫ﻟﻔﺼل‬‫ﺍﻟﺜﺎﻟﺙ‬:‫ﺍﻟﻤﺎﻟﻴـﺔ‬ ‫ﺍﻟـﺴﻨﺔ‬ ‫ﻤﻭﺍﺯﻨـﺔ‬ ‫ﻟﻤـﺸﺭﻭﻉ‬ ‫ﺍﻷﺴﺎﺴﻴﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﺘﻭﺍﺯﻨﺎﺕ‬ ٢٠١٤/٢٠١٥ ‫ﹰ‬‫ﻻ‬‫ﺃﻭ‬:-‫ﻟﻠﻤﻭﺍﺯﻨﺔ‬ ‫ﺍﻟﻨﻘﺩﻯ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﹰ‬‫ﺎ‬‫ﺜﺎﻨﻴ‬:-‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻷﺼﻭل‬ ‫ﺤﻴﺎﺯﺓ‬ ‫ﺼﺎﻓﻰ‬ ‫ﹰ‬‫ﺎ‬‫ﺜﺎﻟﺜ‬:-‫ﻟﻠﻤﻭﺍﺯﻨﺔ‬ ‫ﺍﻟﻜﻠﻰ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﹰ‬‫ﺎ‬‫ﺭﺍﺒﻌ‬:-‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﻟﻠﻤﻭﺍﺯﻨﺔ‬ ‫ﺍﻟﻜﻠﻰ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﺘﻤﻭﻴل‬ ‫ﺇﺠﺭﺍﺀﺍﺕ‬ ‫ﹰ‬‫ﺎ‬‫ﺨﺎﻤﺴ‬:-‫ﻤﺭﻜﺯ‬‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﺩﻴﻥ‬‫ﻭﺍﻟﺨﺎﺭﺠﻲ‬ ‫ﺍﻟﻔﺼل‬‫ﺍﻟﺭﺍﺒﻊ‬:‫ﺍﻟﻤــﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻨﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﺨــﺯﺍﻨﺔ‬ ‫ﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ٢٠١٤/٢٠١٥ ‫ﺍﻟﻔﺼل‬‫ﺍﻟﺨﺎﻤﺱ‬:‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻟﻬﻴﺌﺎﺕ‬ ‫ﻤﻊ‬ ‫ﺍﻟﻌﻼﻗﺎﺕ‬ ‫ﺍﻟﺨﺎﺘﻤﺔ‬ ١ ١١ ١٢ ٢٠ ٣٤ ٥٩ ٦٢ ٦٥ ١١٢ ١١٥ ١١٧ ١١٩ ١٢١ ١٤٤ ١٤٤ ١٤٥ ١٤٦ ١٤٧ ١٤٩ ١٥١ ١٥٣ ١٥٧ ١٦١ ١٦٧
  • 4. ١
  • 5. ‫ﺍﻟﺮﺣﻴﻢ‬ ‫ﺍﻟﺮﲪﻦ‬ ‫ﺍﷲ‬ ‫ﺑﺴﻢ‬ )‫ﺗﻮﻛﻠﺖ‬ ‫ﻋﻠﻴﻪ‬ ‫ﺑﺎﷲ‬ ‫ﺇﻻ‬ ‫ﺗﻮﻓﻴﻘﻲ‬ ‫ﻭﻣﺎ‬ ‫ﺍﺳﺘﻄﻌﺖ‬ ‫ﻣﺎ‬ ‫ﺍﻹﺻﻼﺡ‬ ‫ﺇﻻ‬ ‫ﺃﺭﻳﺪ‬ ‫ﺇﻥ‬ ‫ﺃﻧﻴﺐ‬ ‫ﻭﺇﻟﻴﻪ‬( ‫ﺍﻟﻌﻈﻴﻢ‬ ‫ﺍﷲ‬ ‫ﺻﺪﻕ‬ ‫ﺍﻟﺴﻴﺪ‬/‫ﺍﻟﻌﺮﺑﻴﺔ‬ ‫ﻣﺼﺮ‬ ‫ﲨﻬﻮﺭﻳﺔ‬ ‫ﺭﺋﻴﺲ‬ ‫ﺒﺄﻥ‬ ‫ﺃﺘﺸﺭﻑ‬‫ﺴﻴﺎﺩﺘﻜﻡ‬ ‫ﻋﻠﻰ‬ ‫ﺃﻋﺭﺽ‬‫ﻤـﺸﺭﻭﻉ‬ ‫ﻋـﻥ‬ ‫ﺍﻟﻤـﺎﻟﻲ‬ ‫ﺍﻟﺒﻴﺎﻥ‬ ‫ﺍﻟ‬‫ﻤﻭﺍﺯﻨﺔ‬‫ﻟ‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬‫ﺍﻟﺠﺩﻴﺩﺓ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻠﺴﻨﺔ‬٢٠١٤/٢٠١٥‫ﻭﻴﺘﻀ‬‫ﺃﻫﻡ‬ ‫ﻤﻥ‬ ‫ﻭﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﺴﻴﺎﺴﺔ‬ ‫ﻤﻼﻤﺢ‬‫ﻟﻠﺒﻼﺩ‬‫ﺨﻼل‬‫ﺍﻟ‬‫ﻅﺭﻑ‬‫ﺍﻟـ‬‫ﻟﻠﻐﺎﻴـﺔ‬ ‫ﺩﻗﻴﻕ‬ ‫ﺍﻟﺫﻯ‬‫ﻤﺼﺭ‬ ‫ﺒﻪ‬ ‫ﺘﻤﺭ‬‫ﻭﺍﻻﻗﺘـﺼﺎﺩﻴﺔ‬ ‫ﺍﻟـﺴﻴﺎﺴﻴﺔ‬ ‫ﺍﻷﺼـﻌﺩﺓ‬ ‫ﻤﺨﺘﻠـﻑ‬ ‫ﻋﻠـﻰ‬ ‫ﻭﺍﻷﻤﻨﻴﺔ‬ ‫ﻭﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬. ‫ﺍﻟﺜﻼﺜـ‬ ‫ﺍﻷﻋـﻭﺍﻡ‬ ‫ﺨﻼل‬ ‫ﺒﺎﻟﻐﺔ‬ ‫ﺘﺤﺩﻴﺎﺕ‬ ‫ﺍﻟﻤﺼﺭﻱ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﻭﺍﺠﻪ‬ ‫ﻓﻘﺩ‬‫ﺔ‬ ‫ﺼﺎﺤ‬ ‫ﻭﻤﺎ‬ ‫ﺍﻟﺴﻴﺎﺴﻲ‬ ‫ﺍﻟﺘﺤﻭل‬ ‫ﻤﺭﺤﻠﺔ‬ ‫ﻤﻊ‬ ‫ﹰ‬‫ﺎ‬‫ﺘﺯﺍﻤﻨ‬ ‫ﺍﻟﻤﺎﻀﻴﺔ‬‫ﺒﻬ‬‫ﺎ‬‫ﺼـﻌﻭﺒﺎﺕ‬ ‫ﻤـﻥ‬ ‫ﻭﺍﻷﻤﻨﻲ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻟﺠﺎﻨﺒﻴﻥ‬ ‫ﻋﻠﻰ‬‫ﺒﻬ‬ ‫ﺘﺄﺜﺭ‬‫ﻤ‬‫ﻤﺼﺭ‬ ‫ﻓﻲ‬ ‫ﺒﻴﺕ‬ ‫ﻜل‬ ‫ﺸﻙ‬ ‫ﺩﻭﻥ‬ ‫ﺎ‬. ‫ﺃﻥ‬ ‫ﺇﻻ‬‫ﺒﺈﺘﻤﺎﻡ‬ ‫ﺒﺩﺃ‬ ‫ﻭﺍﻋﺩ‬ ‫ﻤﺴﺘﻘﺒل‬ ‫ﺃﻤﺎﻤﻬﺎ‬ ‫ﻤﺼﺭ‬‫ﺍﻟﺩﺴﺘﻭﺭﻴﺔ‬ ‫ﺍﻻﺴﺘﺤﻘﺎﻗﺎﺕ‬ ‫ﺍﻟﺴﻴﺎﺴﻲ‬ ‫ﺍﻟﺼﻌﻴﺩ‬ ‫ﻋﻠﻰ‬‫ﻟﻠﺒﻼﺩ‬ ‫ﺠﺩﻴﺩ‬ ‫ﺩﺴﺘﻭﺭ‬ ‫ﺒﺼﺩﻭﺭ‬‫ﺸﻬﺭ‬ ‫ﻓﻲ‬‫ﻴﻨﺎﻴﺭ‬٢٠١٤ ‫ﺍﻻﻨﺘﺨﺎﺒﺎﺕ‬ ‫ﺜﻡ‬‫ﺍﻟﺭﺌﺎﺴﻴﺔ‬‫ﺍﻟﻌﺎﻡ‬ ‫ﻨﻔﺱ‬ ‫ﻤﻥ‬ ‫ﻤﺎﻴﻭ‬ ‫ﺸﻬﺭ‬ ‫ﻓﻲ‬،‫ﻭﺇﻨﺘﻬـﺎ‬‫ﺒـﺈﺠﺭﺍﺀ‬ ‫ﺀ‬ ‫ﺍﻟ‬ ‫ﺍﻻﻨﺘﺨﺎﺒﺎﺕ‬‫ﺒﺭﻟﻤﺎﻨﻴﺔ‬‫ﺍﷲ‬ ‫ﺒﺈﺫﻥ‬ ‫ﺍﻟﻘﺎﺩﻤﺔ‬ ‫ﺍﻟﻘﻠﻴﻠﺔ‬ ‫ﺍﻷﺸﻬﺭ‬ ‫ﺨﻼل‬،‫ﻋـﻥ‬ ‫ﹰ‬‫ﻼ‬‫ﻓـﻀ‬ ‫ﻭ‬ ‫ﺍﻷﻤﻨﻴﺔ‬ ‫ﺍﻷﺤﻭﺍل‬ ‫ﺘﺤﺴﻥ‬‫ﺍﻹ‬‫ﺴﺘﻘﺭﺍﺭ‬‫ﻓﻰ‬ ‫ﺍﻟﻨﺴﺒﻰ‬‫ﺍﻟﺸﺎﺭﻉ‬‫ﺍﻟﻤﺼﺭﻱ‬.‫ﺃﻥ‬ ‫ﻜﻤـﺎ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﻓﻲ‬ ‫ﺍﻟﺜﻘﺔ‬ ‫ﺒﻨﺎﺀ‬‫ﺘﺤﻘﻴﻕ‬ ‫ﺫﻟﻙ‬ ‫ﻜل‬ ‫ﺒﺠﺎﻨﺏ‬ ‫ﻴﺤﺘﺎﺝ‬ ‫ﹰ‬‫ﺍ‬‫ﻤﺠﺩﺩ‬‫ﺍﺠﺘﻤﺎﻋﻲ‬ ‫ﺴﻼﻡ‬ ‫ﺍﻗﺘﺼﺎﺩ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺘﺤﻘﻕ‬ ‫ﺍﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺒﺴﻴﺎﺴﺎﺕ‬ ‫ﻤﺩﻋﻭﻡ‬‫ﻱ‬‫ﻟﺘـﺸﻐﻴل‬ ‫ﺘﻜﻔـﻰ‬ ‫ﻭﺘﺩﻋﻡ‬ ‫ﺍﻟﻌﻤل‬ ‫ﻟﺴﻭﻕ‬ ‫ﺍﻟﺠﺩﺩ‬ ‫ﺍﻟﺩﺍﺨﻠﻴﻥ‬‫ﻟﻠﺩﺨﻭل‬ ‫ﺃﻓﻀل‬ ‫ﺘﻭﺯﻴﻊ‬‫ﻭ‬‫ﺍﻟﻤﺘﺎﺤﺔ‬ ‫ﺍﻟﻤﻭﺍﺭﺩ‬ ‫ﺍﻟﻤﺠﺘﻤﻊ‬ ‫ﻓﺌﺎﺕ‬ ‫ﻤﺨﺘﻠﻑ‬ ‫ﻋﻠﻰ‬،‫ﺒﺎﻟﺭﻋﺎﻴـﺔ‬ ‫ﺍﻷﻭﻟـﻰ‬ ‫ﻭﺍﻟﻔﺌـﺎﺕ‬ ‫ﺍﻟﻔﻘﺭﺍﺀ‬ ‫ﺨﺎﺼﺔ‬ ‫ﻭﺃ‬‫ﺼﺤﺎﺏ‬‫ﺍﻟﺩ‬‫ﺨﻭل‬‫ﺍﻷﺩﻨ‬‫ﺃﺒﻨﺎﺀ‬ ‫ﻤﻥ‬ ‫ﻰ‬‫ﺍﻟﻤﺘﻭﺴﻁﺔ‬ ‫ﺍﻟﻁﺒﻘﺔ‬.
  • 6. ‫ﺍﻟﻤـﺼﺭﻱ‬ ‫ﻟﻠﻤـﻭﺍﻁﻥ‬ ‫ﻜﺎﻤﻠﺔ‬ ‫ﺍﻟﺼﻭﺭﺓ‬ ‫ﻨﻭﻀﺢ‬ ‫ﺃﻥ‬ ‫ﻋﻠﻴﻨﺎ‬ ‫ﻭﺍﺠﺏ‬ ‫ﺃﻨﻪ‬ ‫ﺇﻻ‬ ‫ﺤﺘﻰ‬‫ﻴ‬‫ﻁﺒﻴ‬ ‫ﻌﺭﻑ‬‫ﺘﻭﺍﺠﻪ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻟﺘﺤﺩﻴﺎﺕ‬ ‫ﻭﺤﺠﻡ‬ ‫ﻌﺔ‬‫ﺒﻼﺩﻩ‬ ‫ﺍﻗﺘﺼﺎﺩ‬‫ﻫـﺫﻩ‬ ‫ﺨـﻼل‬ ‫ﻭ‬ ،‫ﺍﻟﺩﻗﺔ‬ ‫ﺒﺎﻟﻐﺔ‬ ‫ﺍﻟﻤﺭﺤﻠﺔ‬‫ﺍ‬،‫ﺍﻻﻨﻁـﻼﻕ‬ ‫ﻟﻨﻘﻁﺔ‬ ‫ﹰ‬‫ﻻ‬‫ﻭﺼﻭ‬ ‫ﻤﻌﻬﺎ‬ ‫ﺍﻟﺘﻌﺎﻤل‬ ‫ﺴﺘﺭﺍﺘﻴﺠﻴﺔ‬ ‫ﻭﻫﻭ‬‫ﻤﺎ‬‫ﻤﻥ‬ ‫ﻴﺘﻁﻠﺏ‬‫ﺍﻟ‬‫ﺠﻤﻴﻊ‬‫ﺍﺴﺘﺜﻨﺎﺀ‬ ‫ﺩﻭﻥ‬‫ﻗﻴﻤـﺔ‬ ‫ﺘﻘـﺩﻴﺱ‬ ‫ﺒـل‬ ‫ﺍﻟﺠﺎﺩ‬ ‫ﺍﻟﻌﻤل‬ ‫ﺼﻐﺭ‬ ‫ﺃﻭ‬ ‫ﻟﻜﺒﺭ‬ ‫ﺍﻟﻨﻅﺭ‬ ‫ﺩﻭﻥ‬ ‫ﺍﻟﻌﻤل‬‫ﺍﻟﻤﻬﺎﻡ‬‫ﻋﺩﺩ‬ ‫ﻫﻨﺎﻙ‬ ‫ﺃﻥ‬ ‫ﺒﺠﺎﻨﺏ‬ ،‫ﻴﺅﺩﻴﻬﺎ‬ ‫ﺍﻟﺘﻰ‬ ‫ﻤﻥ‬‫ﺍﻹ‬‫ﺼﻼﺤ‬‫ﺎﺕ‬‫ﺍﻻ‬‫ﻗﺘﺼﺎﺩﻴﺔ‬‫ﺍﻟ‬‫ﻀﺭﻭﺭﻴﺔ‬‫ﺍﻟﺘﻰ‬‫ﻭﻋﺎﺠﻠﺔ‬ ‫ﺤﺎﻟﺔ‬ ‫ﺃﺼﺒﺤﺕ‬‫ﻟ‬‫ﺘﺤﻘـﻕ‬ ‫ﺍﻟﻨﻬﺎﻴﺔ‬ ‫ﻓﻲ‬‫ﹰ‬‫ﺍ‬‫ﺍﺴﺘﻘﺭﺍﺭ‬‫ﺒﺈ‬ ‫ﹰ‬‫ﺎ‬‫ﻤﺩﻋﻭﻤ‬‫ﺍﻟـﺴﻴﺎﺴﺎﺕ‬ ‫ﺴـﻼﻤﺔ‬ ‫ﻓـﻲ‬ ‫ﺍﻟﺜﻘـﺔ‬ ‫ﺴﺘﻌﺎﺩﺓ‬ ‫ﺍﻟﻤﺎﻟﻲ‬ ‫ﺍﻟﻭﻀﻊ‬ ‫ﻭﺍﺴﺘﺩﺍﻤﺔ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬‫ﻟﻠﺒﻼﺩ‬‫ﻭﺍﻟﺘﺸﻐﻴل‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﻋﺠﻠﺔ‬ ‫ﻴﺩﻓﻊ‬ ‫ﻤﻤﺎ‬ ‫ﻟﺸﺒﺎﺒﻨﺎ‬‫ﻭﺘﺤﺴﻴﻥ‬ ،‫ﺍﻟﻤﺼﺭﻯ‬ ‫ﻟﻠﻤﻭﺍﻁﻥ‬ ‫ﺍﻟﺤﻴﺎﺓ‬ ‫ﺠﻭﺩﺓ‬. ‫ﺇﻥ‬‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﻤﺸﻬﺩ‬‫ﻤﺅﺸ‬ ‫ﺘﻨﻌﻜﺱ‬‫ﺭﺍﺘﻪ‬‫ﺘﻀﺨﻡ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻓﻲ‬‫ﻤﺭﺘﻔﻌﺔ‬ ‫ﺘﺘﺭﺍﻭﺡ‬‫ﺍﻟﻤﺘﻭﺴﻁ‬ ‫ﻓﻰ‬‫ﺒﻴﻥ‬١٠%-١١%‫ﺍﻟﻨﻤـﻭ‬ ‫ﻤﻌـﺩﻻﺕ‬ ‫ﻓﻲ‬ ‫ﻭﺘﺭﺍﺠﻊ‬ ، ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬‫ﺤﺩﻭﺩ‬ ‫ﺇﻟﻰ‬٢%‫ﻤﺎ‬ ‫ﻭﻫﻭ‬ ،‫ﺯﻴﺎﺩﺓ‬ ‫ﺍﻟﻰ‬ ‫ﺃﺩﻯ‬‫ﻟﺘﺴﺠل‬ ‫ﺍﻟﺒﻁﺎﻟﺔ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻤﺎ‬‫ﺒﻴﻥ‬١٣%-١٤%،‫ﻭﺘﺭﺘﻔﻊ‬‫ﻋﻥ‬ ‫ﺍﻟﻤﻌﺩﻻﺕ‬ ‫ﻫﺫﻩ‬٢٥%‫ﻓﻲ‬ ‫ﺍﻟﺸﺒﺎﺏ‬ ‫ﺒﻴﻥ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻌﻤﺭﻴﺔ‬ ‫ﺍﻟﻔﺌﺔ‬١٦–٢٥‫ﺴﻨﺔ‬. ‫ﻜﺫﻟﻙ‬‫ﺇ‬‫ﺭﺘﻔﻊ‬‫ﺍﻟ‬‫ﺍﻟ‬ ‫ﻌﺠﺯ‬‫ﻟﻠ‬ ‫ﻜﻠﻰ‬‫ﺇﻟﻰ‬ ‫ﻟﻴﺼل‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﻤﻭﺍﺯﻨﺔ‬١٣,٧% ‫ﺍﻟﻤﺎﻀﻲ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻓﻲ‬٢٠١٢/٢٠١٣‫ﺃﻥ‬ ‫ﺍﻟﻤﻨﺘﻅﺭ‬ ‫ﻭﻤﻥ‬ ،‫ﻴﻘﺎﺭﺏ‬١٢%‫ﺨـﻼل‬ ‫ﻋﺎﻡ‬٢٠١٣/٢٠١٤‫ﺍﻷﺤﻭﺍل‬ ‫ﺃﺤﺴﻥ‬ ‫ﻓﻲ‬،‫ﺒﻔﺎﺘﻭﺭﺘﻴﻥ‬ ‫ﹰ‬‫ﻼ‬‫ﻤﺜﻘ‬‫ﻜﺒﻴﺭﺘﻴﻥ‬‫ﻟﻸﺠﻭﺭ‬ ‫ﺃﺜﺭﻫﻤﺎ‬ ‫ﻴﻨﻌﻜﺱ‬ ‫ﻟﻡ‬ ‫ﺫﻟﻙ‬ ‫ﻭﻤﻊ‬ ،‫ﻭﺍﻟﺩﻋﻡ‬‫ﺍﻟﻤﺭﺠﻭﺓ‬ ‫ﺒﺎﻟﺼﻭﺭﺓ‬‫ﺍﻟﻔﻘﺭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻋﻠﻰ‬ ‫ﻟﻠﻤﻭ‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬ ‫ﺍﻷﺤﻭﺍل‬ ‫ﺘﺤﺴﻥ‬ ‫ﺃﻭ‬‫ﻤ‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﺍﻁﻥ‬‫ﺭﻀﻴﺔ‬.‫ﺃﻨـﻪ‬ ‫ﺒﺎﻟﺫﻜﺭ‬ ‫ﻭﺠﺩﻴﺭ‬ ‫ﺍﻟﻬﻴﻜﻠﻰ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﺤﺴﺎﺏ‬ ‫ﺤﺎﻟﺔ‬ ‫ﻓﻰ‬)‫ﻏﻴـﺭ‬ ‫ﻭﺍﻟﻨﻔﻘـﺎﺕ‬ ‫ﺍﻹﻴﺭﺍﺩﺍﺕ‬ ‫ﺒﺎﺴﺘﺒﻌﺎﺩ‬ ‫ﺃﻯ‬ ‫ﺍﻟﻤﺘﻜﺭﺭﺓ‬(‫ﺨﻼل‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﻨﺴﺒﺔ‬ ‫ﻓﺈﻥ‬٢٠١٣/٢٠١٤‫ﻟﺘـﺴﺠل‬ ‫ﻜﺎﻨﺕ‬١٥٫٨% - ٢ -
  • 7. ‫ﺇﺠـﺭﺍﺀﺍﺕ‬ ‫ﺍﺘﺨـﺎﺫ‬ ‫ﻓﻰ‬ ‫ﺒﺎﻟﻔﻌل‬ ‫ﺍﻟﺤﻜﻭﻤﺔ‬ ‫ﺒﺩﺃﺕ‬ ‫ﺃﻤﺭ‬ ‫ﻭﻫﻭ‬ ،‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﺍﻟﻨﺎﺘﺞ‬ ‫ﻤﻥ‬ ‫ﺇﺠﺭﺍﺀﺍﺕ‬ ‫ﺃﻫﻤﻬﺎ‬ ‫ﻭﻤﻥ‬ ‫ﻋﻠﻴﻪ‬ ‫ﻟﻠﺴﻴﻁﺭﺓ‬ ‫ﻫﻴﻜﻠﻴﺔ‬‫ﻗﺎﻨﻭﻥ‬ ‫ﺘﻌﺩﻴﻼﺕ‬ ‫ﺘﺸﻤل‬ ‫ﻀﺭﻴﺒﻴﺔ‬ ‫ﺭﻗﻡ‬ ‫ﺍﻟﻌﻘﺎﺭﻴﺔ‬ ‫ﺍﻟﻀﺭﻴﺒﺔ‬١٩٦‫ﻟﺴﻨﺔ‬٢٠٠٨‫ﺍﻟﺠﻤﻬﻭﺭﻴـﺔ‬ ‫ﺭﺌـﻴﺱ‬ ‫ﻭﻗـﺭﺍﺭ‬ ، ‫ﺭﻗﻡ‬ ‫ﺒﻘﺎﻨﻭﻥ‬٤٤‫ﻟﺴﻨﺔ‬٢٠١٤‫ﺴـﻨﻭﺍﺕ‬ ‫ﺜـﻼﺙ‬ ‫ﻟﻤﺩﺓ‬ ‫ﻤﺅﻗﺘﺔ‬ ‫ﻀﺭﻴﺒﺔ‬ ‫ﻹﻗﺭﺍﺭ‬ ‫ﺒﻨﺴﺒﺔ‬٥%‫ﻤﻥ‬ ‫ﺃﻋﻠﻰ‬ ‫ﻭﺍﻷﺭﺒﺎﺡ‬ ‫ﺍﻟﺩﺨﻭل‬ ‫ﻋﻠﻰ‬١‫ﺇﻋﺩﺍﺩ‬ ‫ﻭﻜﺫﻟﻙ‬ ،‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﻭﻥ‬ ‫ﺍﻟ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻀﺭﻴﺒﺔ‬ ‫ﻗﺎﻨﻭﻥ‬ ‫ﻓﻰ‬ ‫ﺃﺨﺭﻯ‬ ‫ﺘﺸﺭﻴﻌﻴﺔ‬ ‫ﺘﻌﺩﻴﻼﺕ‬ ‫ﻤﺠﻤﻭﻋﺔ‬‫ﺘﻬـﺩﻑ‬ ‫ﺩﺨل‬ ‫ﺨـﻼل‬ ‫ﻤـﻥ‬ ‫ﺍﻟﺩﻭﻟـﺔ‬ ‫ﻤـﻭﺍﺭﺩ‬ ‫ﻭﺯﻴﺎﺩﺓ‬ ‫ﻭﻋﺩﺍﻟﺘﻬﺎ‬ ‫ﺍﻟﻀﺭﻴﺒﻴﺔ‬ ‫ﺍﻟﻘﺎﻋﺩﺓ‬ ‫ﻟﺘﻭﺴﻴﻊ‬ ‫ﺍﻷﻭﺭﺍﻕ‬ ‫ﻋﻠـﻰ‬ ‫ﺍﻟﺘﻌﺎﻤل‬ ‫ﻨﺎﺘﺞ‬ ‫ﻋﻥ‬ ‫ﺍﻟﻤﺤﻘﻘﺔ‬ ‫ﺍﻟﺴﻨﻭﻴﺔ‬ ‫ﺍﻷﺭﺒﺎﺡ‬ ‫ﺼﺎﻓﻰ‬ ‫ﺘﺨﻀﻴﻊ‬ ‫ﺫﺍﺕ‬ ‫ﻓـﻰ‬ ‫ﻭﻴﺼﺎﺤﺒﻬﺎ‬ ،‫ﺍﻷﺭﺒﺎﺡ‬ ‫ﺘﻭﺯﻴﻌﺎﺕ‬ ‫ﻭﻜﺫﻟﻙ‬ ‫ﺍﻟﻤﺼﺭﻴﺔ‬ ‫ﺒﺎﻟﺒﻭﺭﺼﺔ‬ ‫ﺍﻟﻤﻘﻴﺩﺓ‬ ‫ﺍﻻﻗﺘـﺼ‬ ‫ﺍﻟﺘﻌﺎﻤﻼﺕ‬ ‫ﺒﻌﺽ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﻘﺭﺭﺓ‬ ‫ﺍﻹﻀﺎﻓﺔ‬ ‫ﻟﻀﺭﻴﺒﺔ‬ ‫ﺇﻟﻐﺎﺀ‬ ‫ﺍﻟﻭﻗﺕ‬‫ﺎﺩﻴﺔ‬ ،‫ﺒﺎﻟﺒﻭﺭﺼـﺔ‬ ‫ﺍﻟﺘﻌـﺎﻤﻼﺕ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻷﻟﻑ‬ ‫ﻓﻰ‬ ‫ﻭﺍﺤﺩ‬ ‫ﺍﻟﺩﻤﻐﺔ‬ ‫ﻀﺭﻴﺒﺔ‬ ‫ﺇﻟﻐﺎﺀ‬ ‫ﻭﻜﺫﻟﻙ‬ ‫ﺍﻟﺘﺨﻁـﻴﻁ‬ ‫ﺃﻨـﻭﺍﻉ‬ ‫ﺒﻌـﺽ‬ ‫ﻭﺃﺩ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻀﺭﺍﺌﺏ‬ ‫ﻤﺼﻠﺤﺔ‬ ‫ﺘﻤﻜﻥ‬ ‫ﺃﺤﻜﺎﻡ‬ ‫ﻭﺍﻀﺎﻓﺔ‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭﻯ‬ ‫ﺍﻟﻘﺭﺍﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺘﺄﺜﻴﺭ‬ ‫ﺃﻯ‬ ‫ﺩﻭﻥ‬ ‫ﺍﻟﻀﺎﺭ‬ ‫ﺍﻟﻀﺭﻴﺒﻰ‬. ‫ﻋﻠﻰ‬ ‫ﻟﻠﺴﻴﻁﺭﺓ‬ ‫ﺠﺎﺩﺓ‬ ‫ﺍﺠﺭﺍﺀﺍﺕ‬ ‫ﺍﺘﺨﺎﺫ‬ ‫ﺍﻟﺤﺎﻟﻴﺔ‬ ‫ﺍﻟﻤﺭﺤﻠﺔ‬ ‫ﺘﺘﻁﻠﺏ‬ ‫ﻭﺴﻭﻑ‬ ‫ﺨﻔ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﺩﻴﻥ‬‫ﺴـﻨﻭﺍﺕ‬ ‫ﺍﻟـﺜﻼﺙ‬ ‫ﻤـﺩﺍﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺽ‬ ‫ﻷﺠﻬـﺯﺓ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﺩﻴﻥ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺨﻔﺽ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻭﺯﺍﺭﺓ‬ ‫ﺘﺴﺘﻬﺩﻑ‬ ‫ﺤﻴﺙ‬ ،‫ﺍﻟﻤﻘﺒﻠﺔ‬ ‫ﻨﺤﻭ‬ ‫ﻤﻥ‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬٩٣,٦%‫ﻟﻌﺎﻡ‬ ‫ﻜﻤﺘﻭﻗﻊ‬ ‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﺍﻟﻨﺎﺘﺞ‬ ‫ﻤﻥ‬ ٢٠١٣/٢٠١٤‫ﺒﻴﻥ‬ ‫ﻤﺎ‬ ‫ﺇﻟﻰ‬٨٠-٨٥%‫ﻋـﺎﻡ‬ ‫ﺤﻠـﻭل‬ ‫ﻤﻊ‬٢٠١٦/٢٠١٧ ‫ﺍﻹﻋﺘﺒﺎﺭ‬ ‫ﻓﻰ‬ ‫ﹰ‬‫ﺍ‬‫ﺃﺨﺫ‬‫ﺘﻨﻔﻴﺫ‬‫ﺍﻟﺩﺴ‬ ‫ﺍﻹﺴﺘﺤﻘﺎﻗﺎﺕ‬‫ﻤﺨﺼـﺼﺎﺕ‬ ‫ﺯﻴـﺎﺩﺓ‬ ‫ﻓـﻰ‬ ‫ﺘﻭﺭﻴﺔ‬ ‫ﺍﻟﻌﻠﻤﻰ‬ ‫ﻭﺍﻟﺒﺤﺙ‬ ‫ﻭﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﺍﻟﺼﺤﺔ‬. - ٣ -
  • 8. ‫ﺍﻟﻭﻗﺕ‬ ‫ﻨﻔﺱ‬ ‫ﻭﻓﻲ‬‫ﻤﺩﻯ‬ ‫ﻋﻠﻰ‬ ‫ﻤﻌﻬﺎ‬ ‫ﺍﻟﺘﻌﺎﻤل‬ ‫ﺴﻴﺘﻌﻴﻥ‬ ‫ﻤﻠﻔﺎﺕ‬ ‫ﻋﺩﺓ‬ ‫ﺘﻭﺠﺩ‬ ‫ﺃﻫﻤﻬﺎ‬ ‫ﻤﻘﺒﻠﺔ‬ ‫ﺴﻨﻭﺍﺕ‬ ‫ﻋﺩﺓ‬‫؛‬‫ﺇ‬‫ﺼﻼﺡ‬‫ﻤﻨﻅﻭﻤﺔ‬‫ﺍﻟﺘـﺸﺎﺒﻜﺎﺕ‬ ‫ﻭﻓﺽ‬ ،‫ﺍﻟﻤﻌﺎﺸﺎﺕ‬ ‫ﺠﻬﺎﺕ‬ ‫ﻤﺨﺘﻠﻑ‬ ‫ﺒﻴﻥ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ‫ﺍﻟﺩﻭﻟﺔ‬‫ﺸﺎﻤل‬ ‫ﻫﻴﻜﻠﻲ‬ ‫ﺘﻁﻭﻴﺭ‬ ‫ﺇﺠﺭﺍﺀ‬ ‫ﻟﻜﺎﻓﺔ‬‫ﺍﻷﺼﻭل‬‫ﺍﻹﻨﺘﺎﺠﻴ‬‫ﻭﺍﻟﺨﺩﻤﻴﺔ‬ ‫ﺔ‬‫ﻤﺅﺴﺴﻲ‬ ‫ﺇﻁﺎﺭ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻤﻤﻠﻭﻜﺔ‬ ‫ﻤﻨـﺎﺥ‬ ‫ﻟﺘﺤـﺴﻴﻥ‬ ‫ﻭﺍﻟﻤﺅﺴـﺴﻴﺔ‬ ‫ﺍﻟﺘـﺸﺭﻴﻌﻴﺔ‬ ‫ﺍﻹﺠـﺭﺍﺀﺍﺕ‬ ‫ﻹﺘﺨﺎﺫ‬ ،‫ﻤﺘﻁﻭﺭ‬ ‫ﺍﻹﺴﺘﺜﻤﺎﺭ‬. ‫ﺘﻘﺩﻡ‬ ‫ﻤﺎ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺒﻨﺎﺀ‬‫ﺍﻻﻗﺘـﺼﺎﺩﻱ‬ ‫ﺍﻻﻨﻁـﻼﻕ‬ ‫ﺘﺤﻘﻴـﻕ‬ ‫ﻓﺈﻥ‬‫ﻭﺯﻴـﺎﺩﺓ‬ ‫ﻤﺨﺼﺼﺎﺕ‬‫ﺍﻹ‬‫ﻤﻥ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻟﺒﻌﺩ‬ ‫ﻋﻠﻰ‬ ‫ﻨﻔﺎﻕ‬‫ﺨﻼل‬‫ﺇﺘﻤـﺎﻡ‬‫ﺍﻻﺴـﺘﺤﻘﺎﻗﺎﺕ‬ ‫ﺍﻟﺩﺴﺘﻭﺭﻴﺔ‬‫ﺒ‬‫ﻋﻠﻰ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺯﻴﺎﺩﺓ‬‫ﻤﺠﺎﻻﺕ‬‫ﺍﻟﻌﻠﻤـﻲ‬ ‫ﻭﺍﻟﺒﺤﺙ‬ ‫ﻭﺍﻟﺼﺤﺔ‬ ‫ﺍﻟﺘﻌﻠﻴﻡ‬، ‫ﺍﻟـﻀﻤﺎﻥ‬ ‫ﺸـﺒﻜﺔ‬ ‫ﻓـﻰ‬ ‫ﻭﺍﻟﺘﻭﺴـﻊ‬ ،‫ﻤـﺴﺘﺩﺍﻤﺔ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻤﺼﺎﺩﺭ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﻤﻭل‬ ‫ﺒﺎﻟﺭﻋﺎﻴﺔ‬ ‫ﺍﻷﻭﻟﻰ‬ ‫ﻟﻠﻔﺌﺎﺕ‬ ‫ﺍﻟﻨﻘﺩﻱ‬ ‫ﻭﺍﻟﺩﻋﻡ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻰ‬‫ﻭﻜﺫ‬‫ﻟﻙ‬‫ﺍﻟﺤﻤﺎﻴـﺔ‬ ‫ﺘﺤﻘﻴﻕ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬‫ﺍﻟﺸﻌﺏ‬ ‫ﺃﺒﻨﺎﺀ‬ ‫ﻟﻤﺨﺘﻠﻑ‬،‫ﺍﻟﻤـﺎﻟﻲ‬ ‫ﺍﻻﺴـﺘﻘﺭﺍﺭ‬ ‫ﻭﺍﺴﺘﻌﺎﺩﺓ‬‫ﻟﻠـﺒﻼﺩ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻋﺠﺯ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺍﻟﺴﻴﻁﺭﺓ‬،‫ﻜﺎﻨﺕ‬ ‫ﻭﺇﻥ‬‫ﻅﺎﻫﺭﻫﺎ‬ ‫ﻓﻲ‬‫ﺍﻟﺴﻴﺭ‬ ‫ﺘﺘﻁﻠﺏ‬ ‫ﺍﺘﺠﺎﻫﺎﺕ‬ ‫ﻓﻲ‬‫ﺍﻟﻤـﺼﺭﻱ‬ ‫ﻟﻼﻗﺘﺼﺎﺩ‬ ‫ﺍﻟﺤﺎﻟﻲ‬ ‫ﺍﻟﻤﺸﻬﺩ‬ ‫ﻭﺍﻗﻊ‬ ‫ﻤﻥ‬ ‫ﺃﻨﻬﺎ‬ ‫ﺇﻻ‬ ‫ﻤﻀﺎﺩﺓ‬ ‫ﻤﻌ‬ ‫ﺍﻟﺘﻌﺎﻤل‬ ‫ﺘﺴﺘﺩﻋﻲ‬‫ﻬﺎ‬‫ﺍﻟﺘﺎﻟﻴﺔ‬ ‫ﺍﻟﻤﻨﻁﻠﻘﺎﺕ‬ ‫ﻀﻭﺀ‬ ‫ﻓﻲ‬ ‫ﺒﺎﻟﺘﻭﺍﺯﻱ‬:- ‫ﺃﻭﻻ‬ ً :‫ﺇﺤﺩﺍﺙ‬‫ﺍﻹ‬ ‫ﺇﺩﺍﺭﺓ‬ ‫ﻤﻨﻬﺠﻴﺔ‬ ‫ﻓﻲ‬ ‫ﺠﺫﺭﻱ‬ ‫ﺘﻐﻴﻴﺭ‬‫ﺒﺤﻴﺙ‬ ‫ﺍﻟﻭﻁﻨﻲ‬ ‫ﻗﺘﺼﺎﺩ‬ ‫ﻭﺍﺤﺩﺓ‬ ‫ﻜﻭﺤﺩﺓ‬ ‫ﺇﺩﺍﺭﺘﻪ‬ ‫ﺘﺘﻡ‬،‫ﻜﻠﻲ‬ ‫ﻤﻨﻅﻭﺭ‬ ‫ﻭﻤﻥ‬‫ﻭﻟﻴﺱ‬‫ﻤﻨﻁﻠﻕ‬ ‫ﻤﻥ‬ ‫ﺃﻭ‬ ‫ﻤﻨﻔﺼﻠﺔ‬ ‫ﻭﻗﻀﺎﻴﺎ‬ ‫ﻗﻁﺎﻋﺎﺕ‬ ‫ﺇﺩﺍﺭﺓ‬‫ﻭﺍﻗﻊ‬ ‫ﻤﻥ‬‫ﻓﺌﻭﻴـﺔ‬ ‫ﻤـﺼﺎﻟﺢ‬ ‫ﻀﻴﻘﺔ‬. - ٤ -
  • 9. ‫ﺛﺎﻧﻴﺎ‬ ً :‫ﺍﻟﻘﻭﺍﻋﺩ‬ ‫ﻜﺎﻓﺔ‬ ‫ﺘﻭﺴﻴﻊ‬‫ﺍﻹ‬‫ﻗﺘﺼﺎﺩﻴﺔ‬‫ﺍﻹﻨﺘﺎﺠﻴـﺔ‬ ‫ﺍﻟﻘﻭﺍﻋـﺩ‬ ‫ﻭﺃﻫﻤﻬﺎ‬ )‫ﺍﻟﻐﺫﺍﺌﻲ‬ ‫ﺍﻷﻤﻥ‬ ‫ﻤﺠﺎل‬ ‫ﻓﻲ‬ ‫ﺨﺎﺼﺔ‬(‫ﺍﻟﺩﺨﻭل‬ ‫ﻭﻗﻭﺍﻋﺩ‬ ،،‫ﻭﺍﻟﻘﻭﺍﻋﺩ‬ ‫ﺍﻟﻀﺭﻴﺒﻴﺔ‬‫ﺍﻟﻔﻘـﺭﺍﺀ‬ ‫ﻻﺘﺨـﺹ‬ ‫ﺍﻟﺘﻰ‬ ‫ﻭﺍﻟﺩﺨﻭل‬ ‫ﺍﻷﻨﺸﻁﺔ‬ ‫ﻟﺘﺸﻤل‬، ‫ﺍﻟﺩﺍ‬ ‫ﺍﻷﺴﻭﺍﻕ‬ ‫ﻭﻗﻭﺍﻋﺩ‬‫ﺍﻟﺤﻤﺎﻴـﺔ‬ ‫ﻭﻗﻭﺍﻋـﺩ‬ ،‫ﻭﺍﻟﺨﺎﺭﺠﻴـﺔ‬ ‫ﺨﻠﻴﺔ‬ ‫ﺍﻹ‬‫ﺠﺘﻤﺎﻋﻴﺔ‬‫ﻴﺤﻘـﻕ‬ ‫ﺒﻤـﺎ‬‫ﺘﺤـﺴﻥ‬‫ﻓـﻰ‬‫ﺍﻟﻤﻌﻴـﺸﻴﺔ‬ ‫ﺍﻷﺤـﻭﺍل‬ ‫ﻟﻠﻤﻭﺍﻁﻨﻴﻥ‬‫ﻭﻏﻴﺭﻫﺎ‬ ،‫ﺍﻟﻤﺠﺎﻻﺕ‬ ‫ﻤﻥ‬‫ﺸـﺄﻨﻬﺎ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺘﻲ‬‫ﺘﺤﻘﻴـﻕ‬ ‫ﻭ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬‫ﺯﻴـﺎﺩﺓ‬‫ﺍﻟﻭﻀـﻊ‬ ‫ﺍﺴـﺘﻘﺭﺍﺭ‬ ‫ﻓـﻲ‬ ‫ﺍﻟﺜﻘـﺔ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬‫ﻭ‬‫ﺩﻋﺎﺌﻡ‬ ‫ﺇﺭﺴﺎﺀ‬‫ﺍﻟﺴﻼﻡ‬‫ﺍﻹﺠﺘﻤﺎﻋﻰ‬. ‫ﺛﺎﻟﺜﺎ‬ ً :‫ﻟﺼ‬ ‫ﺍﻟﻤﺘﺎﺤﺔ‬ ‫ﺍﻟﻤﻭﺍﺭﺩ‬ ‫ﺘﻭﺯﻴﻊ‬ ‫ﺇﻋﺎﺩﺓ‬‫ﺍﻷﻗـل‬ ‫ﻭﺍﻟﻔﺌﺎﺕ‬ ‫ﺍﻟﻔﻘﺭﺍﺀ‬ ‫ﺎﻟﺢ‬ ‫ﺍﻹ‬ ‫ﺃﻭﻟﻭﻴﺎﺕ‬ ‫ﺘﺭﺘﻴﺏ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﹰ‬‫ﻼ‬‫ﺩﺨ‬‫ﻭﺍﻟﺘﺨﻠﺹ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻨﻔﺎﻕ‬ ‫ﺍﻟﺘﺩﺭﻴﺠ‬‫ﻲ‬‫ﻓـﻲ‬ ‫ﺍﻟﻔﻌﺎل‬ ‫ﻏﻴﺭ‬ ‫ﺍﻟﺩﻋﻡ‬ ‫ﺒﻨﻭﺩ‬ ‫ﻤﻥ‬‫ﻤـﺴﺄﻟﺔ‬‫ﺘﺤـﺴﻴﻥ‬ ‫ﺍﻷﻋﻅﻡ‬ ‫ﻟﻠﺴﻭﺍﺩ‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬ ‫ﺍﻷﺤﻭﺍل‬‫ﺸﻌﺏ‬ ‫ﻤﻥ‬‫ﻤـﺼﺭ‬،‫ﻭﻋﻠـﻰ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﺩﻋﻡ‬ ‫ﺭﺃﺴﻬﺎ‬،‫ﻟﻐﻴـﺭ‬ ‫ﺍﻟﺩﻋﻡ‬ ‫ﺘﺴﺭﺏ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﺴﻴﻁﺭﺓ‬ ‫ﻭﻜﺫﻟﻙ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻌﻤل‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﻤﺴﺘﺤﻘﻴﻪ‬‫ﺍﻟﺘـﺩﺭﻴﺠ‬ ‫ﺍﻻﻨﺘﻘـﺎل‬‫ﻲ‬‫ﻟﻠـﺩﻋﻡ‬ ‫ﺍﻟﻨﻘﺩ‬‫ﻱ‬‫ﻋﺎﺩﻟﺔ‬ ‫ﺒﺼﻭﺭﺓ‬‫ﻭﺘﺤﻔﻅ‬ ‫ﺍﻟﻤﺼﺭﻱ‬ ‫ﺍﻟﻤﻭﺍﻁﻥ‬ ‫ﻜﺭﺍﻤﺔ‬ ‫ﺘﺼﻭﻥ‬ ‫ﻨﻔﺴﻪ‬ ‫ﻋﺯﺓ‬. ‫ﺭﺍﺑﻌﺎ‬ ً :‫ﻭﺤﻤﺎﻴﺘﻬﺎ‬ ‫ﺍﻟﺘﻌﺎﻗﺩﺍﺕ‬ ‫ﻜﺎﻓﺔ‬ ‫ﻭﺍﺤﺘﺭﺍﻡ‬ ‫ﺍﻟﺤﺭ‬ ‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﺁﻟﻴﺎﺕ‬ ‫ﺘﺸﺠﻴﻊ‬ ‫ﺍﻟﺩﻭﻟـﺔ‬ ‫ﻤﺅﺴﺴﺎﺕ‬ ‫ﻭﺘﻘﻭﻴﺔ‬ ‫ﺘﻁﻭﻴﺭ‬ ‫ﻤﻊ‬ ،‫ﻓﺴﺎﺩ‬ ‫ﻴﺸﻭﺒﻬﺎ‬ ‫ﻟﻡ‬ ‫ﻁﺎﻟﻤﺎ‬ ،‫ﻭﺘﺤﺩﻴﺜﻬﺎ‬ ‫ﻭﺍﻹﺴﺘﺜﻤﺎﺭ‬ ‫ﺍﻷﻋﻤﺎل‬ ‫ﻟﺘﻨﻅﻴﻡ‬ ‫ﺍﻟﺤﺎﻜﻤﺔ‬ ‫ﻭﺍﻷﻁﺭ‬‫ﻭﺇﻗﺭﺍﺭ‬ ‫ﺍﻟﻔﺌﺎﺕ‬ ‫ﻟﻤﺨﺘﻠﻑ‬ ‫ﻭﺍﻟﻭﺍﺠﺒﺎﺕ‬ ‫ﺍﻟﺤﻘﻭﻕ‬ ‫ﺒﻴﻥ‬ ‫ﺍﻟﺘﻭﺍﺯﻥ‬. - ٥ -
  • 10. ‫ﺧﺎﻣﺴﺎ‬ ً :‫ﻗـﺩﺭ‬ ‫ﻴﺤﻘﻕ‬ ‫ﺇﺠﺘﻤﺎﻋﻰ‬ ‫ﺇﺠﺭﺍﺀ‬ ‫ﻭﻴﺼﺎﺤﺒﻪ‬ ‫ﺇﻻ‬ ‫ﺇﻗﺘﺼﺎﺩﻯ‬ ‫ﺇﺠﺭﺍﺀ‬ ‫ﻻ‬ ‫ﻻ‬ ‫ﺃﻨـﻪ‬ ‫ﻜﻤﺎ‬ ،‫ﺒﺎﻟﺭﻋﺎﻴﺔ‬ ‫ﺍﻷﻭﻟﻰ‬ ‫ﻟﻠﻔﺌﺎﺕ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﺤﻤﺎﻴﺔ‬ ‫ﻤﻥ‬ ‫ﺃﻭ‬ ،‫ﺘﻤﻭﻴﻠـﻪ‬ ‫ﻤﺼﺩﺭ‬ ‫ﹰ‬‫ﺎ‬‫ﻤﺴﺒﻘ‬ ‫ﻤﺤﺩﺩ‬ ‫ﻜﺎﻥ‬ ‫ﺇﺫﺍ‬ ‫ﺇﻻ‬ ‫ﺇﺠﺘﻤﺎﻋﻰ‬ ‫ﺇﺠﺭﺍﺀ‬ ‫ﺍﻗﺘﺼﺎﺩ‬ ‫ﺒﺈﺠﺭﺍﺀ‬ ‫ﹰ‬‫ﺎ‬‫ﻤﺩﻋﻭﻤ‬ ‫ﻴﻜﻭﻥ‬ ‫ﺃﻥ‬‫ﺇﻀﺎﻓﻰ‬ ‫ﻯ‬. ‫ﺳﺎﺩﺳﺎ‬ ً :‫ﻤﻨﺘﺠـﺎﺕ‬ ‫ﺭﺃﺴـﻬﺎ‬ ‫ﻭﻋﻠـﻰ‬ ‫ﺍﻟﻁﺒﻴﻌﻴﺔ‬ ‫ﻟﻤﻭﺍﺭﺩﻨﺎ‬ ‫ﺍﻟﺴﻠﻴﻡ‬ ‫ﺍﻟﺘﺴﻌﻴﺭ‬ ‫ﻭﺍﻟﻁﺎﻗﺔ‬ ‫ﻭﺍﻟﻤﺤﺎﺠﺭ‬ ‫ﺍﻟﻤﻨﺎﺠﻡ‬‫ﻭ‬‫ﻤﻭﺍﺭﺩﻨﺎ‬ ‫ﻤﺨﺘﻠﻑ‬‫ﺍﻟﻨﺎﻀـﺒﺔ‬‫ﺒﻤـﺎ‬ ‫ﻴﺤﻘﻕ‬‫ﻭ‬ ‫ﺍﻻﺴﺘﻬﻼﻙ‬ ‫ﺘﺭﺸﻴﺩ‬‫ﺒﻴﻥ‬ ‫ﺍﻟﺜﺭﻭﺍﺕ‬ ‫ﺘﻭﺯﻴﻊ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬‫ﺃﺒﻨﺎﺀ‬ ‫ﺍﻟﻭﻁﻥ‬،‫ﻤﺎ‬ ‫ﻭﻜﺫﺍ‬‫ﺍﻟﺤﺎﻟ‬ ‫ﺍﻟﺠﻴل‬ ‫ﺒﻴﻥ‬‫ﻲ‬‫ﻭﺍﻷ‬‫ﺠﻴﺎل‬‫ﺍﻟﻘﺎﺩﻤﺔ‬. ‫ﺳﺎﺑﻌﺎ‬ ً :‫ﺘﻁﺒﻴﻕ‬‫ﺍﻷﻁﺭ‬‫ﺍﻟﺤﺩ‬‫ﻴﺤﻘﻕ‬ ‫ﺒﻤﺎ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺇﺩﺍﺭﺓ‬ ‫ﻤﺠﺎل‬ ‫ﻓﻲ‬ ‫ﻴﺜﺔ‬ ‫ﺃﻋﻠﻰ‬ ‫ﻜﻔﺎﺀﺓ‬‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﺨﺯﺍﻨﺔ‬ ‫ﺇﺩﺍﺭﺓ‬ ‫ﻓﻲ‬‫ﻋﺎﺌﺩ‬ ‫ﻤﻥ‬ ‫ﻭﻴﺭﻓﻊ‬‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺍﻟﺤﻜﻭﻤ‬‫ﻲ‬. ‫ﻋﻠﻰ‬ ‫ﺍﻟﻘﺎﺩﻤﺔ‬ ‫ﺍﻟﻤﺭﺤﻠﺔ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﺴﻴﺎﺴﺔ‬ ‫ﺘﺭﺘﻜﺯ‬ ‫ﻭﺴﻭﻑ‬‫ﺇﻋـﺎﺩﺓ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺃﻭﻟﻭﻴﺎﺕ‬ ‫ﺘﺭﺘﻴﺏ‬‫ﺃﺠل‬ ‫ﻤﻥ‬‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﺘﺤﻘﻴﻕ‬‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬‫ﻭﺘﺤﻘﻴـﻕ‬ ‫ﺃ‬‫ﻟﻠﻔﻘ‬ ‫ﻤﻤﻜﻨﺔ‬ ‫ﺤﻤﺎﻴﺔ‬ ‫ﻜﺒﺭ‬‫ﺒﺎﻟﺭﻋﺎﻴﺔ‬ ‫ﺍﻷﻭﻟﻰ‬ ‫ﻭﺍﻟﻔﺌﺎﺕ‬ ‫ﺭﺍﺀ‬،‫ﺍﻷﺤـﻭﺍل‬ ‫ﻭﺘﺤـﺴﻴﻥ‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﺒﻤﻌﺩﻻﺕ‬ ‫ﺍﻟﺩﻓﻊ‬ ‫ﻭﻜﺫﺍ‬ ،‫ﺍﻟﺒﺴﻴﻁ‬ ‫ﻟﻠﻤﻭﺍﻁﻥ‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬ ‫ﺍﻟﺤﻜﻭﻤﻲ‬‫ﺘﺤـﺕ‬ ‫ﻭﺍﻟﺨـﺎﺹ‬ ‫ﺍﻟﻌـﺎﻡ‬ ‫ﺍﻟﻘﻁﺎﻋﻴﻥ‬ ‫ﺒﻴﻥ‬ ‫ﺍﻟﻤﺸﺘﺭﻜﺔ‬ ‫ﻭﺍﻟﻤﺸﺭﻭﻋﺎﺕ‬ ‫ﻤﻅﻠﺔ‬‫ﺸﺭﺍﻜﺔ‬)PPP(،‫ﻫﺫﻩ‬ ‫ﺃﻥ‬ ‫ﺇﻻ‬‫ﺍﻷﻤﻭﺭ‬‫ﻤﺎﻟﻴـﺔ‬ ‫ﻤـﻭﺍﺭﺩ‬ ‫ﺘﻭﻓﻴﺭ‬ ‫ﺴﺘﺘﻁﻠﺏ‬ ‫ﻤﺴﺘﻤﺭﺓ‬ ‫ﻭﺘﺩﻓﻘﺎﺕ‬ ‫ﻀﺨﻤﺔ‬.‫ﻭﻤﻊ‬‫ﻓ‬ ‫ﺍﻷﺨﺫ‬‫ﻲ‬‫ﺍﻹ‬‫ﻋﻠـﻰ‬ ‫ﺍﻟـﺴﻴﻁﺭﺓ‬ ‫ﺃﻥ‬ ‫ﻋﺘﺒـﺎﺭ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻭﺍﻟﺩﻴﻥ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺒﺎﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﻤﻌﺩﻻﺕ‬‫ﺒﺎﺘﺕ‬‫ﺃﻭﻟﻭﻴﺔ‬‫ﻗﺼﻭﻯ‬،‫ﻻ‬ ‫ﻓﺈﻨﻪ‬ - ٦ -
  • 11. ‫ﻤﺘﻌﺩﺩﺓ‬ ‫ﻭﺒﺂﻟﻴﺎﺕ‬ ‫ﻤﻨﺘﻅﻤﺔ‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﻟﻠﻁﺎﻗﺔ‬ ‫ﺍﻟﻤﻭﺠﻪ‬ ‫ﺍﻟﺩﻋﻡ‬ ‫ﺨﻔﺽ‬ ‫ﻟﺘﺠﻨﺏ‬ ‫ﻤﺠﺎل‬ ‫ﻤـﺼﺎﺩﺭ‬ ‫ﺘﻨﻭﻴـﻊ‬ ‫ﺨـﻼل‬ ‫ﻤﻥ‬ ‫ﹰ‬‫ﺎ‬‫ﺃﻴﻀ‬ ‫ﻭﺇﻨﻤﺎ‬ ‫ﺍﻟﺘﺴﻌﻴﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺤﺎل‬ ‫ﺒﺄﻯ‬ ‫ﺘﻘﺘﺼﺭ‬ ‫ﻻ‬ ،‫ﺇﺴﺘﺨﺩﺍﻤﻬﺎ‬ ‫ﻜﻔﺎﺀﺓ‬ ‫ﻭﺭﻓﻊ‬ ،‫ﺍﻟﻁﺎﻗﺔ‬‫ﻤﺜـل‬ ‫ﺍﻟﻬـﺎﺩﻑ‬ ‫ﻟﻠﺘﻭﺯﻴـﻊ‬ ‫ﺁﻟﻴﺎﺕ‬ ‫ﻭﺘﻁﺒﻴﻕ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺍﻟﻌﻤل‬ ،‫ﺍﻟﺫﻜﻴﺔ‬ ‫ﺍﻟﺒﻁﺎﻗﺎﺕ‬‫ﻭﺍﻟﺭﺴﻭﻡ‬ ‫ﺍﻟﻀﺭﺍﺌﺏ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺩﻭﻟﺔ‬ ‫ﻤﻭﺍﺭﺩ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﺍﻟﺘ‬ ‫ﺍﻟﻀﺨﻤﺔ‬ ‫ﻭﺍﻟﻤﻌﺎﻤﻼﺕ‬ ‫ﺍﻟﻜﺒﻴﺭﺓ‬ ‫ﺍﻟﺩﺨﻭل‬ ‫ﺘﻀﻤﻴﻥ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬‫ﻲ‬‫ﺘﺘﺤﻘﻕ‬ ‫ﺘﺯﺍل‬ ‫ﻻ‬ ،‫ﺩﺍﺨﻠﻬﺎ‬ ‫ﺇﻟﻰ‬ ‫ﺍﻟﻀﺭﻴﺒﻴﺔ‬ ‫ﺍﻟﻤﻅﻠﺔ‬ ‫ﺨﺎﺭﺝ‬‫ﻓﺈﻨﻪ‬ ‫ﻭﻟﻠﺘﺄﻜﻴﺩ؛‬‫ﻓﻘـﻁ‬ ‫ﻴﺨـﺹ‬ ‫ﻻ‬ ‫ﺃﻤـﺭ‬ ‫ﺯﻴﺎﺩﺓ‬‫ﺍﻟ‬‫ﻤﻭﺍﺭﺩ‬‫ﺍﻟﻤﻁﻠﻭﺒ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬،‫ﺍﻟﻤﺠـﺎﻻﺕ‬ ‫ﻤﺨﺘﻠـﻑ‬ ‫ﻋﻠـﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻟﻺﻨﻔﺎﻕ‬ ‫ﺔ‬ ‫ﺃ‬ ‫ﺘﺘﺼل‬ ‫ﻭﻟﻜﻨﻬﺎ‬‫ﻓـﻰ‬ ‫ﺍﻟﻤـﺴﺎﻫﻤﺔ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﺒﺘﺤﻘﻴﻕ‬ ‫ﹰ‬‫ﺎ‬‫ﻴﻀ‬ ‫ﻭﺍﻻﻟﺘﺯﺍﻤﺎﺕ‬ ‫ﺍﻻﺴﺘﺤﻘﺎﻗﺎﺕ‬ ‫ﺘﻭﺯﻴﻊ‬‫ﺍﻟﻤﺠﺘﻤﻊ‬ ‫ﻓﺌﺎﺕ‬ ‫ﻤﺨﺘﻠﻑ‬ ‫ﻋﻠﻰ‬. ‫ﻭﺘﻌﺘﺯﻡ‬‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻭﺯﺍﺭﺓ‬‫ﺍﻟﺩﻓﻊ‬‫ﺍﻟﺘﺸﺭﻴﻌﻴﺔ‬ ‫ﺍﻟﺘﻌﺩﻴﻼﺕ‬ ‫ﻤﻥ‬ ‫ﺒﻌﺩﺩ‬‫ﺍﻹﻀﺎﻓﻴﺔ‬ ‫ﻗﺎﻨﻭﻥ‬ ‫ﻋﻠﻰ‬ ‫ﺠﻭﻫﺭﻴﺔ‬ ‫ﺘﻌﺩﻴﻼﺕ‬ ‫ﺇﺩﺨﺎل‬ ‫ﻭﻤﻨﻬﺎ‬‫ﺍﻟﻤﺯﺍﻴـﺩﺍﺕ‬ ‫ﻭﻗﺎﻨﻭﻥ‬ ،‫ﺍﻟﺠﻤﺎﺭﻙ‬ ‫ﻭﺍﺴﺘﻜﻤﺎل‬ ،‫ﻭﺍﻟﻤﻨﺎﻗﺼﺎﺕ‬‫ﺘﻁﺒﻴﻕ‬‫ﺍﻟﻤـﻀﺎﻓﺔ‬ ‫ﺍﻟﻘﻴﻤـﺔ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻀﺭﻴﺒﺔ‬ ‫ﻤﻨﻅﻭﻤﺔ‬ )‫ﺠﺯﺌ‬ ‫ﺒﺸﻜل‬ ‫ﹰ‬‫ﺎ‬‫ﺤﺎﻟﻴ‬ ‫ﺍﻟﻤﻁﺒﻘﺔ‬‫ﻲ‬(‫ﺒﺠﺎﻨﺏ‬ ،‫ﺒﺩﺀ‬‫ﺘﻁﺒﻴﻕ‬‫ﺍﻟﻀﺭﻴﺒﺔ‬ ‫ﻗﺎﻨﻭﻥ‬‫ﺍﻟﻌﻘﺎﺭﻴﺔ‬ ‫ﻴﺤﻘﻕ‬ ‫ﺤﻴﺙ‬‫ﺍﻟﻁﺒﻘـﺔ‬ ‫ﺃﺒﻨـﺎﺀ‬ ‫ﻤـﻥ‬ ‫ﻜﺒﻴـﺭﺓ‬ ‫ﻭﻗﻁﺎﻋﺎﺕ‬ ‫ﻟﻠﻔﻘﺭﺍﺀ‬ ‫ﻜﺎﻤﻠﺔ‬ ‫ﺤﻤﺎﻴﺔ‬ ‫ﺍﻟﻤﺘﻭﺴﻁﺔ‬.‫ﺃﻁﻠﻘﺕ‬ ‫ﻭﻗﺩ‬‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻭﺯﺍﺭﺓ‬‫ﻋﺩﺓ‬‫ﺤﻠﻘﺎﺕ‬‫ﻫـﺫﻩ‬ ‫ﺤـﻭل‬ ‫ﻟﻠﻨﻘـﺎﺵ‬ ‫ﻭﻜﺫﻟﻙ‬ ‫ﺍﻟﻤﻭﻀﻭﻋﺎﺕ‬‫ﺘﻡ‬‫ﻁﺭﺡ‬‫ﻤﺩﻭﻨﺔ‬)Blog(‫ﻟﻠﺘﻭﺍﺼل‬ ‫ﺍﻟﻭﺯﺍﺭﺓ‬ ‫ﻤﻭﻗﻊ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺠﺘﻤﻊ‬ ‫ﻤﻘﺘﺭﺤﺎﺕ‬ ‫ﺤﻭل‬‫ﺍ‬ ‫ﺒﺨﺼﻭﺹ‬‫ﺍﻟﻤﺎﻟ‬ ‫ﻹﺼﻼﺡ‬‫ﻲ‬‫ﻭﺍﻻﻗﺘـﺼﺎﺩ‬‫ﻭﻜـﺎﻥ‬ ،‫ﻱ‬ ‫ﺒﺎﻟﻎ‬ ‫ﻨﻔﻊ‬ ‫ﺍﻟﻤﻘﺘﺭﺤﺎﺕ‬ ‫ﻫﺫﻩ‬ ‫ﻤﻥ‬ ‫ﻟﻠﻌﺩﻴﺩ‬.‫ﻋﻠﻰ‬ ‫ﺍﻟﻌﻤل‬ ‫ﺒﺩﺃ‬ ‫ﻓﻘﺩ‬ ،‫ﺁﺨﺭ‬ ‫ﺠﺎﻨﺏ‬ ‫ﻭﻋﻠﻰ‬ ‫ﺍﻟﺤﻜـﻭﻤﻰ‬ ‫ﺍﻟﻤﺨﺯﻭﻥ‬ ‫ﻭﺍﺩﺍﺭﺓ‬ ‫ﺍﻟﺤﻜﻭﻤﻴﺔ‬ ‫ﺍﻟﻤﺸﺘﺭﻭﺍﺕ‬ ‫ﻤﻨﻅﻭﻤﺔ‬ ‫ﺘﻁﻭﻴﺭ‬‫ﻀـﻤﻥ‬ ‫ﺍﻟﻨﻔﻘﺎﺕ‬ ‫ﺘﻭﻓﻴﺭ‬ ‫ﺍﺠﺭﺍﺀﺍﺕ‬. - ٧ -
  • 12. ‫ﺍﻟﻤـﺎﻟ‬ ‫ﺍﻟﻌـﺎﻡ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺨﻔﺽ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻭﺯﺍﺭﺓ‬ ‫ﻭﺘﺴﺘﻬﺩﻑ‬‫ﻲ‬ ‫ﺍﻟﺠﺩﻴﺩ‬٢٠١٤/٢٠١٥‫ﻨ‬ ‫ﺇﻟﻰ‬‫ﺤﻭ‬١٠%-١٠,٥%‫ﺍﻟﻤﺤﻠـﻰ‬ ‫ﺍﻟﻨـﺎﺘﺞ‬ ‫ﻤﻥ‬ ‫ﺃ‬‫ﻓ‬ ‫ﹰ‬‫ﺍ‬‫ﺨﺫ‬‫ﻲ‬‫ﺍﻟﺨﺎﺭﺠﻴﺔ‬ ‫ﺍﻟﻤﻨﺢ‬ ‫ﺘﺭﺍﺠﻊ‬ ‫ﺍﻓﺘﺭﺍﺽ‬ ‫ﺍﻻﻋﺘﺒﺎﺭ‬‫ﻋ‬‫ﻤﺼﺭ‬ ‫ﻋﻠﻴﻪ‬ ‫ﺤﺼﻠﺕ‬ ‫ﻤﺎ‬ ‫ﺍﺴﺘﺜﻨﺎﺀ‬‫ﹰ‬‫ﺍ‬‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺃﺜﻨﺎﺀ‬٢٠١٣/٢٠١٤،‫ﺍﻟﻤﺭﺤﻠ‬ ‫ﻭﺘﻤﻭﻴل‬‫ﺍﻷ‬ ‫ﺔ‬‫ﻤـﻥ‬ ‫ﻭﻟﻰ‬ ‫ﻟﻺﻨﻔﺎﻕ‬ ‫ﺍﻟﺩﺴﺘﻭﺭﻴﺔ‬ ‫ﺍﻻﺴﺘﺤﻘﺎﻗﺎﺕ‬‫ﺒ‬ ‫ﻭﺍﻟﺘﻌﻠﻴــﻡ‬ ‫ﺍﻟﺼﺤﺔ‬ ‫ﻋﻠﻰ‬‫ﺯﻴﺎﺩﺓ‬٢٢‫ﻤﻠﻴﺎﺭ‬ ‫ﻤﺒﻠﻎ‬ ‫ﻭﺘﺸﻤل‬ ‫ﺍﻟﺴﺎﺒﻕ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻋﻥ‬ ‫ﺠﻨﻴﻪ‬١١‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﺎﺭ‬‫ﺍﻟﺯﻴـﺎﺩﺓ‬ ‫ﻋﻥ‬ ‫ﺇﻀﺎﻓﻴﺔ‬ ‫ﺍﻟﻘﻁﺎﻋﻴﻥ‬ ‫ﻫﺫﻴﻥ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻁﺒﻴﻌﻴﺔ‬‫ﺃﻋﺒﺎﺀ‬ ‫ﻭﺘﻤﻭﻴل‬ ،‫ﺘﻁﺒﻴـﻕ‬‫ﺍﻟﺤـﺩ‬ ‫ﻟﻸﺠﻭﺭ‬ ‫ﺍﻷﺩﻨﻰ‬،‫ﻫﻴﻜﻠ‬ ‫ﺍﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺇﺠﺭﺍﺀﺍﺕ‬ ‫ﺴﻴﺘﻁﻠﺏ‬ ‫ﻤﺎ‬ ‫ﻭﻫﻭ‬‫ﻓـ‬ ‫ﻴﺔ‬‫ﻲ‬‫ﺤـﺩﻭ‬‫ﺩ‬ ٩٠-١٠٠‫ﺍﻟﻤﺎﻟ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺨﻼل‬ ‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﺎﺭ‬‫ﻲ‬‫ﺍﻟﻘﺎﺩﻡ‬. ‫ﺇ‬‫ﻥ‬‫ﺒﻨﺎﺀ‬ ‫ﺇﻋﺎﺩﺓ‬‫ﻓ‬ ‫ﺍﻟﺜﻘﺔ‬‫ﻲ‬‫ﺍﻹ‬ ‫ﻜﻔﺎﺀﺓ‬‫ﺍﻟﻤﺼﺭ‬ ‫ﻗﺘﺼﺎﺩ‬‫ﻱ‬‫ﻭ‬‫ﺘـﺩﻋﻴﻡ‬‫ﺴـﻼﻤﺔ‬ ‫ﻟﻪ‬ ‫ﺍﻟﺤﺎﻜﻤﺔ‬ ‫ﺍﻟﺴﻴﺎﺴﺎﺕ‬‫ﻴ‬ ‫ﻫﻴﻜﻠﻴﺔ‬ ‫ﺇﺼﻼﺤﺎﺕ‬ ‫ﺒﺤﺯﻤﺔ‬‫ﻋﻨـﺼﺭ‬ ‫ﺃﻫـﻡ‬ ‫ﻤﺜل‬‫ﻤـﻥ‬ ‫ﻋﻨﺎﺼﺭ‬‫ﺍﻹ‬ ‫ﺨﺭﻭﺝ‬‫ﺍﻟﻤﻌﻴـﺸﻴﺔ‬ ‫ﺍﻷﺤـﻭﺍل‬ ‫ﻭﺘﺤﺴﻴﻥ‬ ‫ﺍﻟﺤﺎﻟﻴﺔ‬ ‫ﺃﺯﻤﺘﻪ‬ ‫ﻤﻥ‬ ‫ﻗﺘﺼﺎﺩ‬ ‫ﻤ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻨﺘﻴﺠﺔ‬ ‫ﻟﻠﻤﻭﺍﻁﻨﻴﻥ‬‫ﺘـﺴﻤﺢ‬ ‫ﻤﺎﻟﻴـﺔ‬ ‫ﻤـﻭﺍﺭﺩ‬ ‫ﻭﻭﺠﻭﺩ‬ ‫ﺍﻟﺘﺸﻐﻴل‬ ‫ﻌﺩﻻﺕ‬ ‫ﺃﻓﻀل‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﻭﺍﻟﻤﺭﺍﻓﻕ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻋﻠﻰ‬ ‫ﺒﺎﻹﻨﻔﺎﻕ‬.‫ﻭﺒﺎﻟﺘـﺎﻟ‬‫ﻲ‬‫ﻀـﺒﻁ‬ ‫ﻓـﺈﻥ‬ ‫ﺍﻹ‬ ‫ﻤﺅﺸﺭﺍﺕ‬‫ﻭﺍﻟﻤﻴﺯﺍﻥ‬ ‫ﻭﺍﻟﺘﻀﺨﻡ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻋﺠﺯ‬ ‫ﻭﺃﻫﻤﻬﺎ‬ ‫ﺍﻟﻜﻠﻰ‬ ‫ﻗﺘﺼﺎﺩ‬ ‫ﺍﻟﺠﺎﺭ‬‫ﻱ‬‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﺩﻓﻭﻋﺎﺕ‬ ‫ﺒﻤﻴﺯﺍﻥ‬‫ﺇ‬‫ﻭﺠﺎﺩﺓ‬ ‫ﻫﻴﻜﻠﻴﺔ‬ ‫ﺠﺭﺍﺀﺍﺕ‬‫ﻟﻡ‬‫ﹰ‬‫ﺎ‬‫ﺘﺭﻓـ‬ ‫ﺘﻌﺩ‬ ‫ﺃ‬‫ﹰ‬‫ﺍ‬‫ﺍﺨﺘﻴﺎﺭ‬ ‫ﻭ‬‫؛‬‫ﻤﻥ‬ ‫ﺍﻷﻫﻡ‬ ‫ﺃﻥ‬ ‫ﺇﻻ‬‫ﺍﻹ‬ ‫ﺇﺩﺍﺭﺓ‬ ‫ﻤﻨﻬﺠﻴـﺔ‬ ‫ﺘﻐﻴﻴﺭ‬ ‫ﻫﻭ‬ ‫ﻜﻠﻪ‬ ‫ﺫﻟﻙ‬‫ﻗﺘـﺼﺎﺩ‬ ‫ﺍﻟﻘﻭﻤ‬‫ﻲ‬‫ﻤﺭﺍﻓﻕ‬ ‫ﻭﻤﺨﺘﻠﻑ‬‫ﻜﻔﺎ‬ ‫ﻭﺭﻓﻊ‬ ‫ﺍﻟﺩﻭﻟﺔ‬‫ﺀ‬‫ﺘﻬﺎ‬. - ٨ -
  • 14. ١
  • 15. ‫ﺍﻟﻔﺼﻞ‬‫ﺍﻷﻭﻝ‬ ‫ــــ‬ ‫ﳌﺸﺮﻭﻉ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻹﻃﺎﺭ‬ ‫ﻟﻠﺪﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻣﺔ‬ ‫ﺍﳌﻮﺍﺯﻧﺔ‬ ‫ﺍﳌﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻨﺔ‬٢٠١٤/٢٠١٥ ‫ـــــ‬ ‫ﺍﻟﺴﻴﺪ‬/‫ﺍﻟﻌﺮﺑﻴﺔ‬ ‫ﻣﺼﺮ‬ ‫ﲨﻬﻮﺭﻳﺔ‬ ‫ﺭﺋﻴﺲ‬ ‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﻟﻠﻌﺎﻡ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﺇﻋﺩﺍﺩ‬ ‫ﻴﺄﺘﻰ‬٢٠١٤/٢٠١٥‫ﻜﺨﻁﻭﺓ‬ ‫ﻭﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻷﻫﺩﺍﻑ‬ ‫ﻤﻥ‬ ‫ﻋﺩﺩ‬ ‫ﺘﺤﻘﻴﻕ‬ ‫ﻨﺤﻭ‬‫ﺨﻼل‬ ‫ﻤﻥ‬‫ﺘﻭﻓﻴﺭ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﺘﺤﺴﻴﻥ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻤﻭﺍﻁﻨﻴﻥ‬ ‫ﺘﻁﻠﻌﺎﺕ‬ ‫ﻟﺘﻠﺒﻴﺔ‬ ‫ﺍﻟﻤﻁﻠﻭﺒﺔ‬ ‫ﺍﻹﻋﺘﻤﺎﺩﺍﺕ‬ ‫ﺍﻟﻌﺩﺍ‬ ‫ﻭﺘﺩﻋﻴﻡ‬ ،‫ﺍﻟﻔﻘﺭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻭﺨﻔﺽ‬ ،‫ﺍﻟﻤﻌﻴﺸﺔ‬‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﻟﺔ‬ ‫ﻭﻀﻊ‬‫ﺃ‬‫ﺍﻹﺴﺘﻘﺭﺍﺭ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ،‫ﺍﻟﺸﺎﻤل‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﻟﻠﻨﻤﻭ‬ ‫ﺴﻠﻴﻤﺔ‬ ‫ﺴﺱ‬ ‫ﺃﻋﺒﺎﺀ‬ ‫ﻭﺘﺨﻔﻴﻑ‬ ،‫ﺍﻟﻤﺘﻭﺴﻁ‬ ‫ﺍﻟﻤﺩﻯ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻭﺍﻹﺴﺘﺩﺍﻤﺔ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻟﻘﺎﺩﻤﺔ‬ ‫ﺍﻷﺠﻴﺎل‬ ‫ﻋﻥ‬ ‫ﻭﺨﺩﻤﺘﻬﺎ‬ ‫ﺍﻟﺩﻴﻭﻥ‬. ‫ﻟﻠﺴﻴﺎﺴﺔ‬ ‫ﻭﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻷﻫﺩﺍﻑ‬ ‫ﺍﻟﺠﺯﺀ‬ ‫ﻫﺫﺍ‬ ‫ﻭﻴﻌﺭﺽ‬ ‫ﺍﻟﺤ‬ ‫ﻭﺍﻟﻤﺒﺎﺩﻯﺀ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﻹﻋﺩﺍﺩ‬ ‫ﺎﻜﻤﺔ‬ ٢٠١٤/٢٠١٥‫ﺘﻡ‬ ‫ﺍﻟﺫﻯ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻹﻁﺎﺭ‬ ‫ﻴﻌﺭﺽ‬ ‫ﻜﻤﺎ‬ ،‫ﻤﻥ‬‫ﺇﻋﺩﺍﺩ‬ ‫ﺨﻼﻟﻪ‬ ‫ﺍﻟﺘﺤﺩﻴﺎﺕ‬ ‫ﻭﺃﻫﻡ‬ ،‫ﺍﻟﻌﺎﻟﻤﻰ‬ ‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﺃﺩﺍﺀ‬ ‫ﺘﻁﻭﺭﺍﺕ‬ ‫ﻭﻴﺸﻤل‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﺍﻟﺭﺍﻫﻥ‬ ‫ﺍﻟﻭﻗﺕ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻤﺼﺭﻯ‬ ‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﺘﻭﺍﺠﻪ‬ ‫ﺍﻟﺘﻰ‬.‫ﺍﻟﻤﻼﻤﺢ‬ ‫ﻴﻌﺭﺽ‬ ‫ﺜﻡ‬ ‫ﻟﻤﺸﺭ‬ ‫ﺍﻹﺠﻤﺎﻟﻴﺔ‬ ‫ﻟﻠﺘﻘﺩﻴﺭﺍﺕ‬ ‫ﺍﻟﺭﺌﻴﺴﻴﺔ‬‫ﻋﻠﻰ‬ ‫ﺒﺎﻟﺘﺭﻜﻴﺯ‬ ،‫ﺍﻟﻤﻌﺭﻭﺽ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻭﻉ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﻟﺘﺩﻋﻴﻡ‬ ‫ﺇﻨﻔﺎﻕ‬ ‫ﻤﻥ‬ ‫ﺘﻀﻤﻨﻪ‬ ‫ﻤﺎ‬.‫ﺍﻟﺠﺯﺀ‬ ‫ﻫﺫﺍ‬ ‫ﻴﻌﺭﺽ‬ ‫ﻜﻤﺎ‬ - ١١ -
  • 16. ‫ﺨﻁﻭﺓ‬ ‫ﺘﻌﺩ‬ ‫ﻭﺍﻟﺘﻲ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﻴﺸﻤﻠﻬﺎ‬ ‫ﺍﻟﺘﻰ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻹﺼﻼﺤﺎﺕ‬ ‫ﺃﻫﻡ‬ ‫ﻤﺎﻟﻴﺔ‬ ‫ﻤﻭﺍﺭﺩ‬ ‫ﻭﺘﻭﻓﻴﺭ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺃﻭﻟﻭﻴﺎﺕ‬ ‫ﺘﺭﺘﻴﺏ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﻨﺤﻭ‬ ‫ﺭﺌﻴﺴﻴﺔ‬ ‫ﺇﻟ‬ ‫ﺘﻨﻔﻴﺫ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺩﻭﻟﺔ‬ ‫ﺘﻤﻜﻥ‬ ‫ﻤﻨﺘﻅﻤﺔ‬‫ﻭﺘﻀﻤﻥ‬ ،‫ﺍﻟﺘﻨﻤﻭﻯ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﻓﻰ‬ ‫ﺘﺯﺍﻤﺎﺘﻬﺎ‬ ‫ﺘﺤﻘ‬‫ﻴ‬‫ﺍﻟﻤﺘﻭﺴﻁ‬ ‫ﺍﻟﻤﺩﻯ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻹﺴﺘﻘﺭﺍﺭ‬ ‫ﻕ‬. ‫ﺃﻭﻻ‬ ً :‫ﺍﳌﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻴﺎﺳﺔ‬ ‫ﻭﺍﻹﺟﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻳﺔ‬ ‫ﺍﻷﻫﺪﺍﻑ‬ ‫ﺃﺴﺎﺴﻬﺎ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻡ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﻟﻠﺴﻴﺎﺴﺔ‬ ‫ﺍﻟﺭﺌﻴﺴﻴﺔ‬ ‫ﺍﻷﻫﺩﺍﻑ‬ ‫ﺘﺘﻤﺜل‬ ‫ﺍﻟﻤﺎﻟﻲ‬ ‫ﻟﻠﻌﺎﻡ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﺇﻋﺩﺍﺩ‬٢٠١٤/٢٠١٥‫ﺍﻟﺘﺎﻟﻲ‬ ‫ﻓﻲ‬: ١-‫ﻤﻌﺩﻻﺕ‬ ‫ﺯﻴﺎﺩﺓ‬‫ﺍﻟﺘﺸﻐﻴل‬: ‫ﻭﺘﺤـﺴﻴﻥ‬ ‫ﺍﻟﻔﻘﺭ‬ ‫ﻤﺤﺎﺭﺒﺔ‬ ‫ﻓﻲ‬ ‫ﻭﺍﻷﻫﻡ‬ ‫ﺍﻟﺤﺼﻴﻥ‬ ‫ﺍﻟﺩﻓﺎﻉ‬ ‫ﺨﻁ‬ ‫ﻫﻭ‬ ‫ﺍﻟﺘﺸﻐﻴل‬ ‫ﺍﻟﻤﺤﻠـﻲ‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭ‬ ‫ﺘﺩﻓﻘﺎﺕ‬ ‫ﻋﻭﺩﺓ‬ ‫ﻴﺘﻁﻠﺏ‬ ‫ﻤﺎ‬ ‫ﻭﻫﻭ‬ ،‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬ ‫ﺍﻷﺤﻭﺍل‬ ‫ﻤﺴﺘﻘﺭﺓ‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﻭﺍﻷﺠﻨﺒﻲ‬.‫ﺒﻌﺠﻠـﺔ‬ ‫ﻟﻠﺩﻓﻊ‬ ‫ﺭﺌﻴﺴﻴﺔ‬ ‫ﻋﻨﺎﺼﺭ‬ ‫ﻋﺩﺓ‬ ‫ﻭﻫﻨﺎﻙ‬ ‫ﺤﻘﻴﻘﻴﺔ‬ ‫ﻋﻤل‬ ‫ﻓﺭﺹ‬ ‫ﻟﺘﻭﻟﻴﺩ‬ ‫ﺍﻟﻤﻁﻠﻭﺒﺔ‬ ‫ﺍﻟﻤﻌﺩﻻﺕ‬ ‫ﺇﻟﻰ‬ ‫ﻭﺍﻟﺘﺸﻐﻴل‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭ‬ ‫ﻭﻓﻭﺍﺌﺽ‬‫ﺍﻟﺒﻨـﻭﺩ‬ ‫ﻓـﻲ‬ ‫ﺘﺘﻠﺨﺹ‬ ‫ﹰ‬‫ﺎ‬‫ﺫﺍﺘﻴ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﻨﺸﺎﻁ‬ ‫ﻴﻨﺘﺠﻬﺎ‬ ‫ﻤﺎﻟﻴﺔ‬ ‫ﺍﻟﺘﺎﻟﻴﺔ‬: ‫ﺃ‬-‫ﺍﻟﻜﻠﻴـﺔ‬ ‫ﺍﻟﻤﺅﺸـﺭﺍﺕ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻻﺴﺘﻘﺭﺍﺭ‬ ‫ﺘﺤﻘﻴﻕ‬ ‫ﺍﻟﺠﺎﺭﻱ‬ ‫ﻭﺍﻟﻤﻴﺯﺍﻥ‬ ،‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺒﺎﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺨﻔﺽ‬ ‫ﻭﺃﻫﻤﻬﺎ‬ ‫ﺍﻟﺘﻤﻭﻴـل‬ ‫ﻭﺘﻜﻠﻔﺔ‬ ،‫ﺍﻟﺘﻀﺨﻡ‬ ‫ﻭﻤﻌﺩﻻﺕ‬ ‫ﺍﻟﻤﺩﻓﻭﻋﺎﺕ‬ ‫ﺒﻤﻴﺯﺍﻥ‬)‫ﻭﺍﻟﺘـﻲ‬ ‫ﺍﻟﻤ‬ ‫ﺤﺠﻡ‬ ‫ﹰ‬‫ﺎ‬‫ﺃﻴﻀ‬ ‫ﻁﻴﺎﺘﻬﺎ‬ ‫ﻓﻲ‬ ‫ﺘﻌﻜﺱ‬‫ﺍﻟﻤـﺼﺭﻱ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﻓﻲ‬ ‫ﺨﺎﻁﺭ‬(، ‫ﻭﺍﻻﺴﺘﺜﻤﺎﺭ‬ ‫ﺍﻻﺩﺨﺎﺭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻴﺤﻘﻕ‬ ‫ﻤﻤﺎ‬.‫ﻴﺘﻡ‬ ‫ﺃﻥ‬ ‫ﻴﺠﺏ‬ ‫ﻭﻜﺫﻟﻙ‬ ‫ﻤـﻊ‬ ‫ﻫﻴﻜﻠﻴﺔ‬ ‫ﺍﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺇﺠﺭﺍﺀﺍﺕ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﺍﻹﺴﺘﻘﺭﺍﺭ‬ ‫ﻫﺫﺍ‬ ‫ﺘﺤﻘﻴﻕ‬ ‫ﺍﻟـﺴﻴﺎﺴﺔ‬ ‫ﻻﺴـﺘﻘﺭﺍﺭ‬ ‫ﺍﻟﺩﺍﻋﻤـﺔ‬ ‫ﺍﻟﻤﺅﺴـﺴﻴﺔ‬ ‫ﺍﻻﻋﺘﺒﺎﺭﺍﺕ‬ ‫ﻤﺭﺍﻋﺎﺓ‬ ‫ﺘﻭﻗﻌﻬﺎ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺍﻟﻘﺩﺭﺓ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬. - ١٢ -
  • 17. ‫ﺏ‬-‫ﻤﻭ‬ ‫ﺒﻴﺌﺔ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ‫ﺍﻷﻋﻤﺎل‬ ‫ﻤﻨﺎﺥ‬ ‫ﺘﺤﺴﻴﻥ‬‫ﻭﻴﺸﻤل‬ ‫ﻟﻼﺴﺘﺜﻤﺎﺭ‬ ‫ﺍﺘﻴﺔ‬ ‫ﻭﻋـﺩﻡ‬ ‫ﺘﻨﻘﻴﺘﻬـﺎ‬ ‫ﻤﻥ‬ ‫ﻭﺍﻟﺘﺄﻜﺩ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﺍﻟﺘﺸﺭﻴﻌﺎﺕ‬ ‫ﻤﺭﺍﺠﻌﺔ‬ ‫ﺫﻟﻙ‬ ‫ﺍﻟﺴﺎﺒﻕ‬ ‫ﻓﻰ‬ ‫ﺘﻤﺕ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻟﻌﻘﻭﺩ‬ ‫ﻭﺤﻤﺎﻴﺔ‬ ،‫ﻁﻴﺎﺘﻬﺎ‬ ‫ﻓﻲ‬ ‫ﺘﻀﺎﺭﺏ‬ ‫ﻭﺠﻭﺩ‬ ‫ﻫﺎﻤـﺔ‬ ‫ﺒﺭﺴـﺎﻟﺔ‬ ‫ﻴﺒﻌﺙ‬ ‫ﻤﺎ‬ ‫ﻭﻫﻭ‬ ،‫ﻓﺴﺎﺩ‬ ‫ﺸﺎﺌﺒﺔ‬ ‫ﻴﺸﺒﻬﺎ‬ ‫ﻟﻡ‬ ‫ﺃﻨﻪ‬ ‫ﻁﺎﻟﻤﺎ‬ ‫ﺍﻹﺠـﺭﺍﺀﺍﺕ‬ ‫ﻜﺎﻓﺔ‬ ‫ﻭﺍﺘﺨﺎﺫ‬ ،‫ﺘﻌﺎﻗﺩﺍﺘﻬﺎ‬ ‫ﺍﺤﺘﺭﺍﻡ‬ ‫ﻓﻲ‬ ‫ﻤﺼﺭ‬ ‫ﺠﺩﻴﺔ‬ ‫ﻨﺤﻭ‬ ‫ﻟﺴﺭﻋﺔ‬ ‫ﺍﻟﺩﺍﻋﻤﺔ‬‫ﺼـﺤﻴﺔ‬ ‫ﺒﻴﺌـﺔ‬ ‫ﻓﻲ‬ ‫ﻭﺍﻟﻌﻤل‬ ‫ﺍﻟﺘﺭﺍﺨﻴﺹ‬ ‫ﺍﺴﺘﺼﺩﺍﺭ‬ ‫ﺍﻟﺘﻨﺒﺅ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺍﻟﻘﺩﺭﺓ‬ ‫ﺍﻟﻌﺎﺩﻟﺔ‬ ‫ﻭﺍﻟﻤﻨﺎﻓﺴﺔ‬ ‫ﺒﺎﻟﻴﺴﺭ‬ ‫ﺘﺘﺴﻡ‬ ‫ﻟﻸﻋﻤﺎل‬. ‫ﺝ‬-‫ﻓـﻰ‬ ‫ﺒﻤﺎ‬ ‫ﺍﻷﻨﺸﻁﺔ‬ ‫ﻟﻤﺨﺘﻠﻑ‬ ‫ﺍﻟﻤﻁﻠﻭﺒﺔ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﺘﻭﻓﻴﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﺘﺄﻜﻴﺩ‬ ‫ﺍﻟﺠﺩﻴـﺩﺓ‬ ‫ﺍﻟﻁﺎﻗـﺔ‬ ‫ﻨﺤـﻭ‬ ‫ﺒﻘﻭﺓ‬ ‫ﻭﺍﻹﺘﺠﺎﻩ‬ ‫ﻤﺼﺎﺩﺭﻫﺎ‬ ‫ﺘﻨﻭﻉ‬ ‫ﻤﻥ‬ ‫ﺫﻟﻙ‬ ‫ﻭﺍﻟﻤﺘﺠﺩﺩﺓ‬. ‫ﺩ‬-‫ﻭﺃﺼﺤﺎﺏ‬ ‫ﺍﻟﻌﻤﺎل‬ ‫ﺤﻘﻭﻕ‬ ‫ﺒﻴﻥ‬ ‫ﺍﻟﺘﻭﺍﺯﻥ‬ ‫ﺘﺤﻘﻴﻕ‬‫ﻜـل‬ ‫ﻭﻭﺍﺠﺒﺎﺕ‬ ‫ﺍﻟﻌﻤل‬ ‫ﻭﻴـﺩﻋﻡ‬ ،‫ﺍﻟﻤـﺼﺭﻱ‬ ‫ﻟﻠﺸﻌﺏ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﺼﺎﻟﺢ‬ ‫ﻴﺤﻘﻕ‬ ‫ﺒﻤﺎ‬ ‫ﺍﻟﻁﺭﻓﻴﻥ‬ ‫ﻤﻥ‬ ‫ﺒﺎﻟﻨـﺴﺒﺔ‬ ‫ﺍﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﺍﻟﻤﻌﺩﻻﺕ‬ ‫ﻟﺘﻭﺍﻜﺏ‬ ‫ﺍﻟﻤﺼﺭﻯ‬ ‫ﺍﻟﻌﺎﻤل‬ ‫ﺇﻨﺘﺎﺠﻴﺔ‬ ‫ﺭﻓﻊ‬ ‫ﻭﺍﻟﺘﺄﻫﻴل‬ ‫ﺒﺎﻟﺘﺩﺭﻴﺏ‬ ‫ﺍﻹﻫﺘﻤﺎﻡ‬ ‫ﻭﻤﻊ‬ ،‫ﻟﻸﺠﺭ‬. ‫ﻩ‬-‫ﻟﻼﺴﺘﺜﻤﺎﺭ‬ ‫ﺍﻷﻤﻭﺍل‬ ‫ﺭﺅﻭﺱ‬ ‫ﻟﺘﻭﺠﻴﻪ‬ ‫ﺍﻟﺩﺍﻋﻤﺔ‬ ‫ﺍﻟﺴﻴﺎﺴﺎﺕ‬ ‫ﻜﺎﻓﺔ‬ ‫ﺇﻟﻐﺎﺀ‬ ‫ﻟﻠ‬ ‫ﺍﻻﺴﺘﺨﺩﺍﻡ‬ ‫ﻜﺜﻴﻔﺔ‬ ‫ﺼﻨﺎﻋﺎﺕ‬ ‫ﻓﻲ‬‫ﻜﺜﻴﻔـﺔ‬ ‫ﻏﻴﺭ‬ ‫ﺒﻁﺒﻴﻌﺘﻬﺎ‬ ‫ﻭﻫﻲ‬ ‫ﻁﺎﻗﺔ‬ ‫ﺍﺴﺘﺜﻤﺎﺭﺍﺘﻬﺎ‬ ‫ﺤﺠﻡ‬ ‫ﺇﻟﻰ‬ ‫ﻜﻨﺴﺒﺔ‬ ‫ﺍﻟﻌﻤﺎﻟﺔ‬ ‫ﻹﺴﺘﺨﺩﺍﻡ‬. ‫ﻭ‬-،‫ﺍﻟﻤـﺼﺩﺭﺓ‬ ‫ﺍﻟﻤﻨﺘﺠـﺎﺕ‬ ‫ﻭﻨﻭﻋﻴﺔ‬ ‫ﺍﻟﺘﺼﺩﻴﺭ‬ ‫ﺃﺴﻭﺍﻕ‬ ‫ﻨﻁﺎﻕ‬ ‫ﺘﻭﺴﻴﻊ‬ ‫ﺒﻘﻴﻤـﺔ‬ ‫ﺘﺘﻤﻴـﺯ‬ ‫ﻻ‬ ‫ﻤﻨﺘﺠـﺎﺕ‬ ‫ﻟﺘﺼﺩﻴﺭ‬ ‫ﺩﺍﻋﻤﺔ‬ ‫ﺴﻴﺎﺴﺎﺕ‬ ‫ﺃﻱ‬ ‫ﻭﺇﻟﻐﺎﺀ‬ ‫ﺍﻟﺘﺸﻐﻴل‬ ‫ﻓﻰ‬ ‫ﺒﻭﻓﺭﺓ‬ ‫ﺃﻭ‬ ،‫ﻋﺎﻟﻴﻪ‬ ‫ﻤﻀﺎﻓﺔ‬. - ١٣ -
  • 18. ‫ﺯ‬-‫ﻁﺎﻗﺎﺘﻬـﺎ‬ ‫ﻭﺘﻭﺴﻌﺔ‬ ‫ﺍﻟﺘﺤﺘﻴﺔ‬ ‫ﻟﻠﺒﻨﻴﺔ‬ ‫ﺍﻟﻤﺴﺘﻤﺭ‬ ‫ﺍﻟﺘﻁﻭﻴﺭ‬‫ﺍﻻﺴـﺘﻴﻌﺎﺒﻴﺔ‬ ‫ﺍﻟﺭﻗﻌـﺔ‬ ‫ﻭﺘﻭﺴـﻌﺔ‬ ‫ﻭﺍﻟﺼﻨﺎﻋﺔ‬ ‫ﻭﺍﻟﻁﺎﻗﺔ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻤﺠﺎﻻﺕ‬ ‫ﻓﻲ‬ ‫ﺨﺎﺼﺔ‬ ‫ﺁﻟﻴـﺔ‬ ‫ﺇﺴـﺘﺨﺩﺍﻡ‬ ‫ﻓـﻰ‬ ‫ﺍﻟﺘﻭﺴﻊ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﻭﻏﻴﺭﻫﺎ‬ ‫ﺍﻟﺯﺭﺍﻋﻴﺔ‬ ‫ﺘﻨﻔﻴـﺫ‬ ‫ﻤـﻥ‬ ‫ﻟﻺﺴـﺭﺍﻉ‬ ‫ﻭﺍﻟﺨﺎﺹ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﻘﻁﺎﻋﻴﻥ‬ ‫ﺒﻴﻥ‬ ‫ﺍﻟﻤﺸﺎﺭﻜﺔ‬ ‫ﻜﻔﺎﺀﺘﻬﺎ‬ ‫ﻭﺭﻓﻊ‬ ‫ﺍﻷﺴﺎﺴﻴﺔ‬ ‫ﺍﻟﺒﻨﻴﺔ‬ ‫ﻓﻰ‬ ‫ﺠﺩﻴﺩﺓ‬ ‫ﻤﺸﺭﻭﻋﺎﺕ‬. ‫ﺡ‬-‫ﻤﺴﺘﻤﺭ‬ ‫ﺒﺸﻜل‬ ‫ﻟﻠﺘﻤﻭﻴل‬ ‫ﺠﺩﻴﺩﺓ‬ ‫ﺁﻟﻴﺎﺕ‬ ‫ﺍﺴﺘﺤﺩﺍﺙ‬‫ﺍﺤﺘﻴﺎﺠـﺎﺕ‬ ‫ﺘﻭﺍﻜﺏ‬ ‫ﺍﻟﻼﺯﻤﺔ‬ ‫ﺒﺎﻟﻤﺭﻭﻨﺔ‬ ‫ﻭﺘﺘﺴﻡ‬ ‫ﺍﻟﻤﺨﺘﻠﻔﺔ‬ ‫ﺍﻟﺴﻭﻕ‬. ‫ﻁ‬-‫ﺘﻨـﺼﺏ‬ ‫ﻭﺍﻟﺘـﻰ‬ ‫ﺇﻗﺭﺍﺭﻫﺎ‬ ‫ﺍﻟﺴﺎﺒﻕ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﺘﻨﺸﻴﻁ‬ ‫ﺤﺯﻡ‬ ‫ﺘﻌﺯﻴﺯ‬ ‫ﻤﻭﺠﻬـﺔ‬ ‫ﺒﺤـﺯﻡ‬ ‫ﺍﻷﻭل‬ ‫ﺍﻟﻤﻘﺎﻡ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﺭﻓﻊ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﻨﺸﺎﻁ‬ ‫ﻋﺠﻠﺔ‬ ‫ﺩﻓﻊ‬ ‫ﻓﻲ‬ ‫ﺍﻟﺭﺍﺌﺩﺓ‬ ‫ﻟﻠﻘﻁﺎﻋﺎﺕ‬)‫ﺍﻻﺘﺼﺎﻻﺕ‬– ‫ﺍﻟﺘﺤﻭﻴﻠﻴﺔ‬ ‫ﺍﻟﺼﻨﺎﻋﺎﺕ‬–‫ﺍﻟﺴﻴﺎﺤﺔ‬–‫ﺍﻹﺴ‬‫ﻜﺎﻥ‬(‫ﺘﻭﺴﻌﺔ‬ ‫ﻓﻲ‬ ‫ﻭﺘﺴﻬﻡ‬ ، ‫ﺍﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﻫﻴﻜﻠﺔ‬ ‫ﻭﺇﻋﺎﺩﺓ‬ ‫ﺠﺎﻨﺏ‬ ‫ﻤﻥ‬ ‫ﺍﻹﻨﺘﺎﺠﻴﺔ‬ ‫ﻭﻗﻭﺍﻋﺩﻫﺎ‬ ‫ﻁﺎﻗﺎﺘﻬﺎ‬ ‫ﺍﻻﻗﺘـﺼﺎﺩ‬ ‫ﺘﻨﺎﻓـﺴﻴﺔ‬ ‫ﻟﺯﻴـﺎﺩﺓ‬ ‫ﺁﺨﺭ‬ ‫ﺠﺎﻨﺏ‬ ‫ﻤﻥ‬ ‫ﺒﻬﺎ‬ ‫ﺍﻟﺨﺎﺹ‬ ‫ﺍﻟﻘﻁﺎﻉ‬ ‫ﺍﻟﻤﺼﺭﻱ‬. ‫ﻱ‬-‫ﺨـﻼل‬ ‫ﻤـﻥ‬ ‫ﻴـﺘﻡ‬ ‫ﺍﻟـﺫﻯ‬ ‫ﺍﻹﺴﺘﺜﻤﺎﺭﻯ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﻤﺨﺼﺼﺎﺕ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻤﺒﺎﺸﺭﺓ‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬.‫ﻤـﺸﺭﻭﻉ‬ ‫ﺍﺸـﺘﻤل‬ ‫ﻭﻗﺩ‬ ‫ﺍﻟﻌﺎﻤ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬‫ﺍﻟﺠﺩﻴـﺩ‬ ‫ﺍﻟﻤـﺎﻟﻰ‬ ‫ﻟﻠﻌـﺎﻡ‬ ‫ﺔ‬٢٠١٤/٢٠١٥‫ﻋﻠـﻰ‬ ‫ﺘﺠـﺎﻭﺯ‬ ‫ﺒﻨـﺴﺒﺔ‬ ‫ﺍﻟﺨﺯﺍﻨـﺔ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﻤﻭﻟﺔ‬ ‫ﺍﻻﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﻤﺨﺼﺼﺎﺕ‬ ٣٠,٨%‫ﻨﺤﻭ‬ ‫ﺇﻟﻰ‬ ‫ﻟﺘﺼل‬٤٥‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﺎﺭ‬)‫ﺠﻤﻠـﺔ‬ ‫ﻀـﻤﻥ‬ ‫ﻤـﻥ‬ ‫ﻨﺤﻭ‬ ‫ﻤﺨﺼﺼﺎﺕ‬٦٧‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﺎﺭ‬(‫ﻤﻘﺎﺒل‬ ،٣٤,٤‫ﻓـﻰ‬ ‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﺎﺭ‬ ‫ﻋﺎﻡ‬٢٠١٣/٢٠١٤‫ﺍﻟﺯﻴﺎﺩﺓ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺃﻋﻠﻰ‬ ‫ﻤﻥ‬ ‫ﻭﻫﻰ‬ ،. - ١٤ -
  • 19. ‫ﻙ‬-‫ﺘﻨﻤﻭﻴﺔ‬ ‫ﻤﺸﺭﻭﻋﺎﺕ‬ ‫ﺒﺘﻨﻔﻴﺫ‬ ‫ﺍﻟﻘﻴﺎﻡ‬‫ﺃﻗﻠـﻴﻡ‬ ‫ﺘﻨﻤﻴﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﻤﺜل‬ ‫ﻜﺒﺭﻯ‬ ‫ﻭﻤـﺸﺭﻭﻋﺎﺕ‬ ،‫ﺍﻟﻘﻨـﺎﺓ‬ ‫ﻤﻤـﺭ‬ ‫ﺍﺯﺩﻭﺍﺝ‬ ‫ﻭﻤﺸﺭﻭﻉ‬ ،‫ﺍﻟﺴﻭﻴﺱ‬ ‫ﻗﻨﺎﺓ‬ ‫ﻀـﺨﻤﺔ‬ ‫ﻋﻤل‬ ‫ﻓﺭﺹ‬ ‫ﺘﻭﻓﻴﺭ‬ ‫ﺸﺄﻨﻪ‬ ‫ﻤﻥ‬ ‫ﻤﺎ‬ ‫ﻭﻫﻭ‬ ‫ﺍﻟﻌﻤﺭﺍﻨﻰ‬ ‫ﺍﻟﺘﻭﺴﻊ‬ ‫ﻭﺍﻟﺼﻨﺎﻋﺎﺕ‬ ‫ﺍﻟﻤﻬﻥ‬ ‫ﻤﺨﺘﻠﻑ‬ ‫ﻷﺒﻨﺎﺀ‬. ٢-‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﺘﺩﻋﻴﻡ‬ ‫ﻤـﺩﺍﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻭﺠﻴﻬﻬﺎ‬ ‫ﺘﻡ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻟﻀﺨﻤﺔ‬ ‫ﺍﻟﻤﺨﺼﺼﺎﺕ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺭﻏﻡ‬ ‫ﻋﻠﻰ‬ ‫ﻟﻺﻨ‬ ‫ﺍﻟﻤﺎﻀﻴﺔ‬ ‫ﺍﻟﻌﻘﻭﺩ‬‫ﺇﻻ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﻟﻠﺒﻌﺩ‬ ‫ﺍﻟﺩﺍﻋﻤﺔ‬ ‫ﺍﻟﻤﺠﺎﻻﺕ‬ ‫ﻋﻠﻰ‬ ‫ﻔﺎﻕ‬ ‫ﺘﺘﻨﺎﺴﺏ‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﻟﻠﻤﺼﺭﻴﻴﻥ‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬ ‫ﺍﻷﺤﻭﺍل‬ ‫ﻋﻠﻰ‬ ‫ﻴﻨﻌﻜﺱ‬ ‫ﻟﻡ‬ ‫ﻫﺫﺍ‬ ‫ﺃﻥ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺤﺠﻡ‬ ‫ﻤﻊ‬.‫ﺍﻟﻁﻤﻭﺤﺎﺕ‬ ‫ﺍﺤﺘﻭﺍﺀ‬ ‫ﺍﻟﻤﺘﻌﺎﻗﺒﺔ‬ ‫ﺍﻟﺤﻜﻭﻤﺎﺕ‬ ‫ﺤﺎﻭﻟﺕ‬ ‫ﻓﻘﺩ‬ ‫ﻗـﺩﺭ‬ ‫ﺍﻟﺤﻔـﺎﻅ‬ ‫ﻭﻤـﻊ‬ ،‫ﻭﺍﻟﻤﻌﺎﺸـﺎﺕ‬ ‫ﺍﻷﺠﻭﺭ‬ ‫ﻓﻲ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺸﻌﺒﻴﺔ‬ ‫ﻭﺍﻟﺨ‬ ‫ﺍﻟﻐﺫﺍﺌﻴﺔ‬ ‫ﺍﻟﻤﻭﺍﺩ‬ ‫ﻭﻓﺭﺓ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺴﺘﻁﺎﻉ‬‫ﺍﺭﺘﻔـﺎﻉ‬ ‫ﺭﻏﻡ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺩﻤﺎﺕ‬ ‫ﺍﻟﻤـﺄﻤﻭل‬ ‫ﺒﺎﻟـﺸﻜل‬ ‫ﻴﻨﻌﻜﺱ‬ ‫ﻟﻡ‬ ‫ﻫﺫﺍ‬ ‫ﺃﻥ‬ ‫ﺇﻻ‬ ،‫ﻤﻀﻁﺭﺩﺓ‬ ‫ﺒﺼﻭﺭﺓ‬ ‫ﺘﻜﻠﻔﺘﻬﺎ‬ ‫ﻭﺍﻟﺘـﻰ‬ ‫ﻟـﺫﻟﻙ‬ ‫ﺍﻟﻜﺎﻓﻴـﺔ‬ ‫ﺍﻟﻤﻭﺍﺭﺩ‬ ‫ﺘﻭﺍﻓﺭ‬ ‫ﻟﻌﺩﻡ‬ ‫ﹰ‬‫ﺍ‬‫ﻨﻅﺭ‬ ‫ﺍﻟﺤﻴﺎﺓ‬ ‫ﺠﻭﺩﺓ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﺤﺘﻤﻴﺎﺕ‬ ‫ﻭﺒﺎﻗﻰ‬ ‫ﺍﻟﺯﻴﺎﺩﺍﺕ‬ ‫ﻫﺫﻩ‬ ‫ﺘﻤﺘﺼﻬﺎ‬. ‫ﻋﻠـﻰ‬ ‫ﺘﻘﺩﻡ‬ ‫ﺘﺤﻘﻴﻕ‬ ‫ﻴﺘﻡ‬ ‫ﻟﻡ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺒﺎﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﺍﻟﻌﺠﺯ‬ ‫ﻓﺠﻭﺓ‬ ‫ﺍﺘﺴﺎﻉ‬ ‫ﻭﻤﻊ‬ ‫ﺴﻭﺍ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻟﺠﺎﻨﺏ‬‫ﺍﻷﺤـﻭﺍل‬ ‫ﺘﺤـﺴﻴﻥ‬ ‫ﺃﻭ‬ ‫ﺍﻟﻔﻘـﺭ‬ ‫ﻤﺤﺎﺭﺒﺔ‬ ‫ﻓﻲ‬ ‫ﺀ‬ ‫ﺍﻟـﻀﺨﻤﺔ‬ ‫ﻭﺍﻟﻤﺨﺼـﺼﺎﺕ‬ ‫ﺍﻟﻤﺒﺎﻟﻎ‬ ‫ﻤﻊ‬ ‫ﻴﺘﻨﺎﺴﺏ‬ ‫ﻟﻠﻤﻭﺍﻁﻨﻴﻥ‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬ ‫ﺍﻟﺘـﻲ‬ ‫ﺍﻻﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﻭﺍﻟﺒﺭﺍﻤﺞ‬ ‫ﺍﻟﻨﻘﺩﻴﺔ‬ ‫ﻭﺍﻟﺘﺤﻭﻴﻼﺕ‬ ‫ﺍﻟﺩﻋﻡ‬ ‫ﻋﻠﻰ‬ ‫ﻟﻺﻨﻔﺎﻕ‬ ‫ﻗﺎﺭﺒﺕ‬١٠٠٠،‫ﺍﻷﺨﻴـﺭﺓ‬ ‫ﺍﻟﻌـﺸﺭ‬ ‫ﺍﻟـﺴﻨﻭﺍﺕ‬ ‫ﻤﺩﺍﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺠﻨﻴﻪ‬ ‫ﻤﻠﻴﺎﺭ‬ ‫ﻭﺍﻻﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﻭﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﺍﻟﺼﺤﺔ‬ ‫ﻋﻠﻰ‬ ‫ﺇﻨﻔﺎﻗﻪ‬ ‫ﺘﻡ‬ ‫ﻤﺎ‬ ‫ﺒﺨﻼﻑ‬‫ﺍﻟﺒﻨﻴـﺔ‬ ‫ﻓﻲ‬ ‫ﻓـﻲ‬ ‫ﻭﺤﺎﺴﻤﺔ‬ ‫ﺠﺎﺩﺓ‬ ‫ﻭﻗﻔﺔ‬ ‫ﻫﻨﺎﻙ‬ ‫ﺘﻜﻭﻥ‬ ‫ﺃﻥ‬ ‫ﹰ‬‫ﺎ‬‫ﻀﺭﻭﺭﻴ‬ ‫ﺒﺎﺕ‬ ‫ﻟﺫﺍ‬ ،‫ﺍﻟﺘﺤﺘﻴﺔ‬ ‫ﺍﻟﺤﻜـﻭﻤﻲ‬ ‫ﺍﻹﻨﻔـﺎﻕ‬ ‫ﻭﻓﺎﻋﻠﻴﺔ‬ ‫ﺍﻟﻘﻭﻤﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﺇﺩﺍﺭﺓ‬ ‫ﻤﻨﻬﺠﻴﺔ‬ ‫ﺘﻐﻴﻴﺭ‬ - ١٥ -
  • 20. ‫ﺍﻻﺠﺘﻤﺎﻋﻲ‬ ‫ﺍﻟﺠﺎﻨﺏ‬ ‫ﻋﻠﻰ‬ ‫ﺨﺎﺼﺔ‬.‫ﻹﻴﺠـﺎﺩ‬ ‫ﻀﺭﻭﺭﺓ‬ ‫ﻫﻨﺎﻙ‬ ‫ﺃﺼﺒﺤﺕ‬ ‫ﻜﻤﺎ‬ ‫ﺍﻟﻤـﺼﺭﻱ‬ ‫ﺍﻟﻤـﻭﺍﻁﻥ‬ ‫ﺒﺤـﻕ‬ ‫ﺍﻟﻭﻓﺎﺀ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺤﻜﻭﻤﺔ‬ ‫ﺘﻤﻜﻥ‬ ‫ﻤﺎﻟﻴﺔ‬ ‫ﻤﻭﺍﺭﺩ‬ ‫ﺃﺤﻭﺍ‬ ‫ﺘﺤﺴﻴﻥ‬ ‫ﻓﻲ‬ ‫ﺍﻷﺼﻴل‬‫ﺍﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺤﻤﺎﻴﺔ‬ ‫ﻤﻅﻠﺔ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬ ‫ﻟﻪ‬ ‫ﺍﻷﻤﺎﻥ‬ ‫ﻟﻪ‬ ‫ﺘﻭﻓﺭ‬ ‫ﻜﺭﻴﻤﺔ‬. ‫ﺒﻤﻔﻬﻭﻡ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﻤﻔﻬﻭﻡ‬ ‫ﺇﻟﻰ‬ ‫ﺘﻨﻅﺭ‬ ‫ﺍﻟﺤﻜﻭﻤﺔ‬ ‫ﻓﺈﻥ‬ ‫ﻫﻨﺎ‬ ‫ﻭﻤﻥ‬ ‫ﺍﻟﻌﺎﻤﻠﻴﻥ‬ ‫ﻷﺠﻭﺭ‬ ‫ﺃﻗﺼﻰ‬ ‫ﺃﻭ‬ ‫ﺃﺩﻨﻰ‬ ‫ﺤﺩ‬ ‫ﻭﻀﻊ‬ ‫ﻤﺠﺭﺩ‬ ‫ﻴﺘﻌﺩﻯ‬ ‫ﻭﺸﺎﻤل‬ ‫ﻭﺍﺴﻊ‬ ‫ﻜﺎﻓـﺔ‬ ‫ﻟﻴـﺸﻤل‬ ،‫ﺍﻟﻤﺨﺘﻠﻔـﺔ‬ ‫ﺍﻟﺩﻋﻡ‬ ‫ﺒﺭﺍﻤﺞ‬ ‫ﺒﻌﺽ‬ ‫ﺘﻨﻔﻴﺫ‬ ‫ﺃﻭ‬ ‫ﺍﻟﺩﻭﻟﺔ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻤﺎ‬ ‫ﺴﻴﺎﺴﺎﺘﻬﺎ‬ ‫ﺃﺭﻜﺎﻥ‬،‫ﺍﻹﻨﻔـﺎﻕ‬ ‫ﺃﻭﻟﻭﻴـﺎﺕ‬ ‫ﺤﻴﺙ‬ ‫ﻤﻥ‬ ‫ﻭﺍﻹﻗﺘﺼﺎﺩﻴﺔ‬ ‫ﻟﻴﺔ‬ ،‫ﺍﻟﻤﺘﺒﻌـﺔ‬ ‫ﺍﻟـﻀﺭﻴﺒﻴﺔ‬ ‫ﻭﺍﻟﺴﻴﺎﺴﺎﺕ‬ ،‫ﻟﻺﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﺍﻟﺠﻐﺭﺍﻓﻰ‬ ‫ﻭﺍﻟﺘﻭﺯﻴﻊ‬ ‫ﺍﻹﺼـﻼﺤﺎﺕ‬ ‫ﺘﻨﻔﻴﺫ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺘﺭﺘﺒﺔ‬ ‫ﺍﻷﻋﺒﺎﺀ‬ ‫ﺘﻭﺯﻴﻊ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ‫ﺍﻟﻔﻘﺭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻭﺘﻘﻠﻴل‬ ،‫ﺒﺎﻟﺭﻋﺎﻴﺔ‬ ‫ﺍﻷﻭﻟﻰ‬ ‫ﺍﻟﻔﺌﺎﺕ‬ ‫ﻭﺤﻤﺎﻴﺔ‬ ، ‫ﺍﻟﻤﺎﻟﻴﺔ‬. ‫ﺍﻟﺤﻜﻭ‬ ‫ﺒﺭﺍﻤﺞ‬ ‫ﻓﺈﻥ‬ ‫ﹰ‬‫ﺍ‬‫ﺘﺤﺩﻴﺩ‬ ‫ﺃﻜﺜﺭ‬ ‫ﻭﺒﺸﻜل‬‫ﺍﻟﺒﻌـﺩ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﻟﺘﺩﻋﻴﻡ‬ ‫ﻤﺔ‬ ‫ﻤﻌـﺩﻻﺕ‬ ‫ﺯﻴـﺎﺩﺓ‬ ‫ﺒﺨـﻼﻑ‬ ‫ﺭﺌﻴﺴﻴﻴﻥ‬ ‫ﻤﺤﻭﺭﻴﻥ‬ ‫ﻋﻠﻰ‬ ‫ﺘﻘﻭﻡ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻰ‬ ‫ﺸﺭﺤﻪ‬ ‫ﺴﺒﻕ‬ ‫ﻜﻤﺎ‬ ‫ﺍﻟﺘﺸﻐﻴل‬: ‫ﺃ‬-‫ﺍﻷﺴﺎﺴﻴﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻭﺘﺤﺴﻴﻥ‬ ‫ﺘﻭﻓﻴﺭ‬:‫ﺘﺤﻘﻴـﻕ‬ ‫ﺫﻟﻙ‬ ‫ﻭﻴﺸﻤل‬ ‫ﻭﺃﻫﻤﻬﺎ‬ ‫ﻭﺍﻟﻤﺭﺍﻓﻕ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﻓﻲ‬ ‫ﻭﻤﻠﻤﻭﺱ‬ ‫ﻤﺒﺎﺸﺭ‬ ‫ﺘﺤﺴﻥ‬ ‫ﻤﺭﺍﺤﻠـﻪ‬ ‫ﻓﻲ‬ ‫ﻭﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﺃﺸﻜﺎﻟﻬﺎ‬ ‫ﺒﻜﺎﻓﺔ‬ ‫ﺍﻟﺼﺤﻴﺔ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬‫ﻭﺃﻨﻭﺍﻋـﻪ‬ ‫ﺍﻟﺼﺤﻲ‬ ‫ﻭﺍﻟﺼﺭﻑ‬ ‫ﺍﻟﺸﺭﺏ‬ ‫ﻤﻴﺎﻩ‬ ‫ﺨﺎﺼﺔ‬ ‫ﺍﻟﺘﺤﺘﻴﺔ‬ ‫ﻭﺍﻟﺒﻨﻴﺔ‬ ،‫ﺍﻟﻤﺨﺘﻠﻔﺔ‬ ‫ﺒـﺼﻭﺭﻩ‬ ‫ﺍﻟﻌـﺎﻡ‬ ‫ﺍﻟﻨﻘـل‬ ‫ﻭﻭﺴﺎﺌل‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻭﺍﻷﻤﻥ‬ ‫ﻭﺍﻟﻁﺭﻕ‬ ‫ﻭﺍﻹﺴﻜﺎﻥ‬ ‫ﺘﻤﻜـﻴﻥ‬ ‫ﺘﻤﺜـل‬ ‫ﺍﻟﺘـﻰ‬ ‫ﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﻤﻥ‬ ‫ﻭﻏﻴﺭﻫﺎ‬ ،‫ﻭﺍﻟﺜﻘﺎﻓﺔ‬ ،‫ﺍﻟﻤﺨﺘﻠﻔﺔ‬ ‫ﻭﻗﺩﺭﺘـﻪ‬ ،‫ﺍﻟﻴﻭﻤﻴﺔ‬ ‫ﻤﻌﻴﺸﺘﻪ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﻋﻠﻰ‬ ‫ﻴﻨﻌﻜﺱ‬ ‫ﻟﻠﻤﻭﺍﻁﻥ‬ ‫ﺤﻘﻴﻘﻰ‬ ‫ﺍﻟﺘﻨ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ،‫ﺍﻟﻔﻘﺭ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺨﺭﻭﺝ‬ ‫ﻋﻠﻰ‬‫ﺃﺸﻜﺎﻟﻬﺎ‬ ‫ﺒﻜﺎﻓﺔ‬ ‫ﺍﻟﺒﺸﺭﻴﺔ‬ ‫ﻤﻴﺔ‬. - ١٦ -
  • 21. ‫ﺏ‬-‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﻟﻠﺤﻤﺎﻴﺔ‬ ‫ﺴﻴﺎﺴﺎﺕ‬ ‫ﺇﺘﺒﺎﻉ‬:‫ﺒـﺭﺍﻤﺞ‬ ‫ﺼـﻴﺎﻏﺔ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﺍﻟﻜﺭﻴﻡ‬ ‫ﺍﻟﻌﻴﺵ‬ ‫ﻴﺤﻘﻕ‬ ‫ﻤﺒﺎﺸﺭ‬ ‫ﻨﻘﺩﻱ‬ ‫ﺩﻋﻡ‬ ‫ﺇﻟﻰ‬ ‫ﹰ‬‫ﺎ‬‫ﺘﺩﺭﻴﺠﻴ‬ ‫ﻟﺘﺘﺤﻭل‬ ‫ﺍﻟﺩﻋﻡ‬ ‫ﻭ‬ ،‫ﻟﺼﺎﺤﺒﻪ‬‫ﺍﻟـﺩﻋﻡ‬ ‫ﻟﻭﺼـﻭل‬ ‫ﺍﻹﺴـﺘﻬﺩﺍﻑ‬ ‫ﺴﻴﺎﺴـﺎﺕ‬ ‫ﺘﺤـﺴﻴﻥ‬ ‫ﻭﻜﻔـﺎﺀﺓ‬ ‫ﻓﺎﻋﻠﻴـﺔ‬ ‫ﺃﻜﺜﺭ‬ ‫ﺒﺭﺍﻤﺞ‬ ‫ﺘﻁﺒﻴﻕ‬ ‫ﺨﻼل‬ ‫ﻤﻥ‬ ‫ﻭﺫﻟﻙ‬ ،‫ﻟﻤﺴﺘﺤﻘﻴﻪ‬ ‫ﺍﻷﻭﻟﻰ‬ ‫ﺍﻟﻔﺌﺎﺕ‬ ‫ﻟﺤﻤﺎﻴﺔ‬‫ﻤـﺴﺘﻭﻯ‬ ‫ﺘﺤـﺴﻴﻥ‬ ‫ﺫﻟﻙ‬ ‫ﻓﻲ‬ ‫ﺒﻤﺎ‬ ،‫ﺒﺎﻟﺭﻋﺎﻴﺔ‬ ‫ﺍﻟﺨﺎﺼﺔ‬ ‫ﺍﻹﺤﺘﻴﺎﺠﺎﺕ‬ ‫ﻭﺫﻭﻯ‬ ،‫ﺍﻟﻤﻌﺎﺸﺎﺕ‬ ‫ﺃﺼﺤﺎﺏ‬ ‫ﻤﻌﻴﺸﺔ‬. ٣-‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﻭﺍﻹﺴﺘﻘﺭﺍﺭ‬ ‫ﺍﻹﻨﻀﺒﺎﻁ‬ ‫ﺘﺤﻘﻴﻕ‬ ‫ﻟـﻥ‬ ‫ﺍﻹﺠﺘﻤـﺎﻋﻰ‬ ‫ﺍﻹﻨﻔـﺎﻕ‬ ‫ﻭﺯﻴﺎﺩﺓ‬ ‫ﺍﻟﺘﺸﻐﻴل‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺇﺭﺘﻔﺎﻉ‬ ‫ﻫﺩﻓﻰ‬ ‫ﺇﻥ‬ ،‫ﺍﻟﻤﺘﻭﺴـﻁ‬ ‫ﺍﻟﻤﺩﻯ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺇﻗﺘﺼﺎﺩﻯ‬ ‫ﻤﺎﻟﻰ‬ ‫ﺇﺴﺘﻘﺭﺍﺭ‬ ‫ﻭﺠﻭﺩ‬ ‫ﺩﻭﻥ‬ ‫ﻴﺘﺤﻘﻘﺎ‬ ‫ﻤﺎ‬ ‫ﺴﻴﺎﺴﺎﺕ‬ ‫ﺇﺘﺒﺎﻉ‬ ‫ﻴﺘﻁﻠﺏ‬ ‫ﻤﺎ‬ ‫ﻭﻫﻭ‬‫ﺘﻭﻟﻴﺩ‬ ‫ﺘﻀﻤﻥ‬ ‫ﻭﻤﺘﻭﺍﺯﻨﺔ‬ ‫ﻤﻨﻀﺒﻁﺔ‬ ‫ﻟﻴﺔ‬ ‫ﻁﻤﻭﺤـﺎﺕ‬ ‫ﻟﺘﻠﺒﻴـﺔ‬ ‫ﻴﻜﻔﻲ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻹﻴﺠﺎﺩ‬ ‫ﻭﻤﻨﺘﻅﻤﺔ‬ ‫ﻤﺘﺠﺩﺩﺓ‬ ‫ﻤﺎﻟﻴﺔ‬ ‫ﻤﻭﺍﺭﺩ‬ ‫ﺃﻓﻀل‬ ‫ﻤﻌﻴﺸﻲ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻤﺼﺭﻱ‬ ‫ﺍﻟﺸﻌﺏ‬. ‫ﺍﻗﺘـﺼﺎﺩﻴﺔ‬ ‫ﺇﺠﺭﺍﺀﺍﺕ‬ ‫ﺇﺘﺨﺎﺫ‬ ‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻹﺴﺘﻘﺭﺍﺭ‬ ‫ﺘﺤﻘﻴﻕ‬ ‫ﻴﺘﻁﻠﺏ‬ ‫ﻭﺴﻭﻑ‬ ‫ﻋﺩﺍ‬ ‫ﺍﺴﺘﺜﻨﺎﺀ‬ ‫ﺩﻭﻥ‬ ‫ﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﺠﻤﻴﻊ‬ ‫ﹰ‬‫ﺎ‬‫ﻭﺠﻭﺒ‬ ‫ﻋﺒﺌﻬﺎ‬ ‫ﻴﺘﺤﻤل‬ ‫ﻭﻓﺎﻋﻠﺔ‬ ‫ﺠﺎﺩﺓ‬ ‫ﻭﻤﺤﺩﻭ‬ ‫ﺍﻟﻔﻘﺭﺍﺀ‬‫ﺤﻤـﺎﻴﺘﻬﻡ‬ ‫ﺍﻟﺩﻭﻟـﺔ‬ ‫ﺴـﺘﻜﻔل‬ ‫ﻭﺍﻟﺫﻴﻥ‬ ‫ﻭﺤﺩﻫﻡ‬ ‫ﺍﻟﺩﺨل‬ ‫ﺩﻱ‬ ‫ﺃﺤﻭﺍﻟﻬﻡ‬ ‫ﻭﺘﺤﺴﻴﻥ‬. ‫ﻭﺘـﺩﻋﻴﻡ‬ ‫ﺍﻹﻨﻔـﺎﻕ‬ ‫ﺃﻭﻟﻭﻴﺎﺕ‬ ‫ﺘﺭﺘﻴﺏ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻹﺠﺭﺍﺀﺍﺕ‬ ‫ﻫﺫﻩ‬ ‫ﻭﺘﻘﻭﻡ‬ ‫ﺘـﺴﻤﺢ‬ ‫ﺍﻟﺩﻭﻟـﺔ‬ ‫ﻤﻭﺍﺭﺩ‬ ‫ﻓﻲ‬ ‫ﻭﺯﻴﺎﺩﺓ‬ ‫ﹰ‬‫ﺍ‬‫ﻭﻓﺭ‬ ‫ﻴﺤﻘﻕ‬ ‫ﺒﻤﺎ‬ ‫ﺍﻟﻀﺭﻴﺒﻴﺔ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﺘﻭﺠﻴـﻪ‬ ‫ﺇﻟـﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﺍﻟﻌﺎﻡ‬ ‫ﻭﺍﻟﺩﻴﻥ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻋﺠﺯ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺒﺨﻔﺽ‬ ‫ﻟ‬ ‫ﻜﺒﻴﺭﺓ‬ ‫ﺇﻀﺎﻓﻴﺔ‬ ‫ﻤﻭﺍﺭﺩ‬‫ﺍﻟﻤـﺴﺘﺤﺩﺜﺔ‬ ‫ﻭﺍﻹﻟﺘﺯﺍﻤﺎﺕ‬ ‫ﺘﻨﻤﻭﻴﺔ‬ ‫ﺒﺭﺍﻤﺞ‬ ‫ﺘﻤﻭﻴل‬ ‫ﻭﺍﻟﺤـﺩ‬ ،‫ﻭﺍﻟﺼﺤﺔ‬ ،‫ﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﻤﺠﺎﻻﺕ‬ ‫ﻓﻲ‬ ‫ﺨﺎﺼﺔ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻰ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﻓﻰ‬ - ١٧ -
  • 22. ‫ﻤﻌﺎﺵ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﺴﺘﻔﻴﺩﻴﻥ‬ ‫ﻭﻤﻀﺎﻋﻔﺔ‬ ،‫ﺍﻟﻤﻌﺎﺸﺎﺕ‬ ‫ﻭﺯﻴﺎﺩﺓ‬ ،‫ﻟﻸﺠﻭﺭ‬ ‫ﺍﻷﺩﻨﻰ‬ ‫ﺨﻼل‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻰ‬ ‫ﺍﻟﻀﻤﺎﻥ‬٢٠١٤/٢٠١٥‫ﺍﻟﻌـﺩﺩ‬ ‫ﻫﺫﺍ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻭﻤﺭﺍﻋﺎﺓ‬ ‫ﺒﻌﺩ‬ ‫ﻓﻴﻤﺎ‬ ‫ﹰ‬‫ﺎ‬‫ﺘﺩﺭﻴﺠﻴ‬. ‫ﻋ‬ ‫ﻤﺴﺎﺭ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﻴﺴﻬﻡ‬ ‫ﻭﺴﻭﻑ‬‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻟﺩﻴﻥ‬ ‫ﻭﻤﻌﺩﻻﺕ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﺠﺯ‬ ‫ﻭﺯﻴـﺎﺩﺓ‬ ،‫ﺍﻹﻗﺘـﺼﺎﺩ‬ ‫ﻓﻲ‬ ‫ﺍﻟﺜﻘﺔ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﻓﻲ‬ ‫ﺍﻟﻤﺎﻟﻴﺔ‬ ‫ﺍﻹﺴﺘﺩﺍﻤﺔ‬ ‫ﻁﺭﻴﻕ‬ ‫ﺇﻟﻰ‬ ‫ﺴـﻌﺭ‬ ‫ﻋﻠـﻰ‬ ‫ﺍﻟـﻀﻐﻭﻁ‬ ‫ﻭﺘﺨﻔﻴﻑ‬ ،‫ﻤﺼﺭ‬ ‫ﺇﻟﻰ‬ ‫ﺍﻷﻤﻭﺍل‬ ‫ﺭﺅﻭﺱ‬ ‫ﺘﺩﻓﻘﺎﺕ‬ ‫ﺘﺨﻔﻴـﻑ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﺍﻟﺴﻭﻕ‬ ‫ﻓﻲ‬ ‫ﺍﻹﻗﺘﺭﺍﺽ‬ ‫ﺘﻜﻠﻔﺔ‬ ‫ﻭﺘﻘﻠﻴل‬ ،‫ﺍﻟﺼﺭﻑ‬ ‫ﺍﻟﻘﺎﺩﻤﺔ‬ ‫ﺍﻷﺠﻴﺎل‬ ‫ﻋﻥ‬ ‫ﺍﻟﺩﻴﻥ‬ ‫ﺨﺩﻤﺔ‬ ‫ﺃﻋﺒﺎﺀ‬. ‫ﺍ‬ ‫ﻭﺗﺘﻤﺜﻞ‬‫ﻣﺸﺮﻭﻉ‬ ‫ﺇﻋﺪﺍﺩ‬ ‫ﻋﻨﺪ‬ ‫ﻣﺮﺍﻋﺎﺗﻬﺎ‬ ‫ﰎ‬ ‫ﺍﻟﱴ‬ ‫ﻭﺍﳌﺒﺎﺩﺉ‬ ‫ﻷﺳﺲ‬ ‫ﺍﻟﺘﺎﱄ‬ ‫ﻓﻰ‬ ‫ﺍﳌﻮﺍﺯﻧﺔ‬: ١-‫ﻤﻘـﺩﻤﺘﻬﺎ‬ ‫ﻭﻓﻰ‬ ‫ﺍﻟﺩﺴﺘﻭﺭ‬ ‫ﺒﺈﺴﺘﺤﻘﺎﻗﺎﺕ‬ ‫ﺍﻟﻤﺭﺘﺒﻁﺔ‬ ‫ﺍﻻﻟﺘﺯﺍﻤﺎﺕ‬ ‫ﻜﺎﻓﺔ‬ ‫ﺘﻨﻔﻴﺫ‬ ‫ﺘـﺩﺭﻴﺠﻲ‬ ‫ﺒـﺸﻜل‬ ‫ﺍﻟﻌﻠﻤﻲ‬ ‫ﻭﺍﻟﺒﺤﺙ‬ ‫ﻭﺍﻟﺼﺤﺔ‬ ‫ﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻟﻺﻨﻔـﺎﻕ‬ ‫ﺍﻟﻤﺴﺘﻬﺩﻓﺔ‬ ‫ﺍﻟﻤﻌﺩﻻﺕ‬ ‫ﺇﻟﻰ‬ ‫ﻟﻠﻭﺼﻭل‬ ‫ﺴﻨﻭﺍﺕ‬ ‫ﺜﻼﺙ‬ ‫ﻤﺩﻯ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟ‬ ‫ﻫﺫﻩ‬ ‫ﻋﻠﻰ‬‫ﻭﺘﺸﻤل‬ ‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﺍﻟﻨﺎﺘﺞ‬ ‫ﻤﻥ‬ ‫ﻜﻨﺴﺒﺔ‬ ‫ﻤﺠﺎﻻﺕ‬٣%‫ﻟﻺﻨﻔـﺎﻕ‬ ‫ﻭ‬ ،‫ﺍﻟﺼﺤﺔ‬ ‫ﻋﻠﻰ‬٤%‫ﻭ‬ ،‫ﺍﻟﺠﺎﻤﻌﻰ‬ ‫ﻗﺒل‬ ‫ﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﻋﻠﻰ‬ ‫ﻟﻺﻨﻔﺎﻕ‬٢%‫ﻟﻺﻨﻔﺎﻕ‬ ‫ﻭ‬ ،‫ﺍﻟﺠﺎﻤﻌﻰ‬ ‫ﺍﻟﺘﻌﻠﻴﻡ‬ ‫ﻋﻠﻰ‬١%‫ﺘﺸﻤل‬ ‫ﻜﻤﺎ‬ ،‫ﺍﻟﻌﻠﻤﻰ‬ ‫ﺍﻟﺒﺤﺙ‬ ‫ﻋﻠﻰ‬ ‫ﻟﻺﻨﻔﺎﻕ‬ ‫ﺍﻟﺤـﺩ‬ ‫ﻤﺜل‬ ‫ﺍﻟﺴﺎﺒﻘﺔ‬ ‫ﺍﻟﺤﻜﻭﻤﺎﺕ‬ ‫ﻤﻥ‬ ‫ﺇﻗﺭﺍﺭﻫﺎ‬ ‫ﺘﻡ‬ ‫ﺍﻟﺘﻲ‬ ‫ﺍﻻﻟﺘﺯﺍﻤﺎﺕ‬ ‫ﺘﻐﻁﻴﺔ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ،‫ﻟﻸﺠﻭﺭ‬ ‫ﺍﻷﺩﻨﻰ‬‫ﺍﻟﻌـﺎﻤﻠﻴﻥ‬ ‫ﻭﺃﺠﻭﺭ‬ ،‫ﺍﻟﻤﻌﺎﺸﺎﺕ‬ ‫ﻷﺼﺤﺎﺏ‬ ‫ﻓـﻲ‬ ‫ﺍﻟﻤﺯﻤﻨـﺔ‬ ‫ﺍﻟﻬﻴﻜﻠﻴﺔ‬ ‫ﺍﻟﻤﺸﺎﻜل‬ ‫ﺒﻌﺽ‬ ‫ﺘﺼﻭﻴﺏ‬ ‫ﻤﺭﺍﻋﺎﺓ‬ ‫ﻤﻊ‬ ،‫ﺒﺎﻟﺩﻭﻟﺔ‬ ‫ﺍﻟﺯﻴﺎﺩﺓ‬ ‫ﻫﺫﻩ‬. - ١٨ -
  • 23. ٢-‫ﺍﻟﺠﺎﺭﻱ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺍﻹﻨﻔﺎﻕ‬ ‫ﺘﻭﺯﻴﻊ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﻤﺭﺍﻋﺎﺓ‬ ‫ﺍﻟﻌﺩﺍﻟﺔ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ،‫ﺍﺤﺘﻴﺎﺠﺎ‬ ‫ﺍﻷﻜﺜﺭ‬ ‫ﺍﻟﻔﺌﺎﺕ‬ ‫ﺇﻟﻰ‬ ‫ﻴﺼل‬ ‫ﺒﺤﻴﺙ‬ ‫ﻭﺍﻹﺴﺘﺜﻤﺎﺭﻯ‬ ‫ﺍﻟﻤ‬ ‫ﺒﻴﻥ‬ ‫ﺍﻟﺠﻐﺭﺍﻓﻲ‬ ‫ﺍﻟﺘﻭﺯﻴﻊ‬ ‫ﻓﻰ‬‫ﺇﺘﺎﺤـﺔ‬ ‫ﻴﺨـﺹ‬ ‫ﻓﻴﻤـﺎ‬ ‫ﺨﺎﺼﺔ‬ ‫ﺤﺎﻓﻅﺎﺕ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﻭﺍﻟﺨﺩﻤﺎﺕ‬ ‫ﺍﻟﻤﺭﺍﻓﻕ‬. ٣-‫ﺇﺠـﺭﺍﺀ‬ ‫ﻷﻯ‬ ‫ﺍﻟﻤـﺎﻟﻰ‬ ‫ﻟﻸﺜـﺭ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻤﺸﺭﻭﻉ‬ ‫ﺘﻘﺩﻴﺭﺍﺕ‬ ‫ﺘﻀﻤﻴﻥ‬ ‫ﻋﺩﻡ‬ ‫ﻤـﺼﺩﺍﻗﻴﺔ‬ ‫ﻋﻠـﻰ‬ ‫ﹰ‬‫ﺎ‬‫ﺤﻔﺎﻅ‬ ‫ﺍﻟﻭﺯﺭﺍﺀ‬ ‫ﻤﺠﻠﺱ‬ ‫ﻤﻥ‬ ‫ﺇﻗﺭﺍﺭﻩ‬ ‫ﺒﻌﺩ‬ ‫ﺇﻻ‬ ‫ﺇﺼﻼﺤﻰ‬ ‫ﺴﻴﺎﺴـﺎﺕ‬ ‫ﻤـﻥ‬ ‫ﺍﻟﺤﻜﻭﻤـﺔ‬ ‫ﺘﺘﺒﻨـﺎﻩ‬ ‫ﻓﻴﻤﺎ‬ ‫ﺍﻟﺸﻔﺎﻓﻴﺔ‬ ‫ﻭﻤﺭﺍﻋﺎﺓ‬ ‫ﺍﻟﺤﻜﻭﻤﺔ‬ ‫ﻭﺇﺼﻼﺤﺎﺕ‬. ٤-‫ﺍﻹ‬ ‫ﻟﻺﺼﻼﺡ‬ ‫ﺇﺠﺭﺍﺀ‬ ‫ﺇﺘﺨﺎﺫ‬ ‫ﻋﺩﻡ‬‫ﺒـﺈﺠﺭﺍﺀﺍﺕ‬ ‫ﻤﻐﻁﻰ‬ ‫ﻜﺎﻥ‬ ‫ﺇﺫﺍ‬ ‫ﺇﻻ‬ ‫ﻗﺘﺼﺎﺩﻯ‬ ‫ﻋﻠـﻰ‬ ‫ﺃﻭ‬ ‫ﺒﺎﻟﺭﻋﺎﻴﺔ‬ ‫ﺍﻷﻭﻟﻰ‬ ‫ﻟﻠﻔﺌﺎﺕ‬ ‫ﺍﻹﺠﺘﻤﺎﻋﻴﺔ‬ ‫ﺍﻟﺤﻤﺎﻴﺔ‬ ‫ﻤﻥ‬ ‫ﻗﺩﺭ‬ ‫ﺘﺤﻘﻕ‬ ‫ﺃﺤـﻭﺍﻟﻬﻡ‬ ‫ﻟﺘﺤـﺴﻴﻥ‬ ‫ﺍﻹﺠـﺭﺍﺀﺍﺕ‬ ‫ﻫـﺫﻩ‬ ‫ﻤﻥ‬ ‫ﺠﺯﺀ‬ ‫ﺘﻭﺯﻴﻊ‬ ‫ﺇﻋﺎﺩﺓ‬ ‫ﺍﻷﻗل‬ ‫ﺍﻟﻤﻌﻴﺸﻴﺔ‬. ٥-‫ﺍﻟﺤﻘﻴﻘﻰ‬ ‫ﺍﻟﺘﻤﻭﻴل‬ ‫ﻟﻪ‬ ‫ﻴﻜﻭﻥ‬ ‫ﺃﻥ‬ ‫ﺒﺩ‬ ‫ﻻ‬ ‫ﺇﺠﺘﻤﺎﻋﻰ‬ ‫ﺇﺠﺭﺍﺀ‬ ‫ﺃﻯ‬ ‫ﺃﻥ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺘﺄﻜﺩ‬ ‫ﺍﻹﻗ‬ ‫ﺍﻟﺒﻨﻴﺎﻥ‬ ‫ﺴﻼﻤﺔ‬ ‫ﻋﻠﻰ‬ ‫ﻴﺅﺜﺭ‬ ‫ﻻ‬ ‫ﺒﻤﺎ‬‫ﻭﺇﺴﺘﻘﺭﺍﺭﻩ‬ ‫ﺘﺼﺎﺩﻯ‬. - ١٩ -
  • 24. ‫ﺛﺎﻧﻴﺎ‬ ً :‫ﻭﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﳌﺎﱃ‬ ‫ﺍﳌﻮﻗﻒ‬ ‫ﺃ‬-‫ﺍﻟﻌﺎﳌﻰ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﺃﺩﺍء‬ ‫ﺗﻄﻮﺭﺍﺕ‬‫ﺍﳋﺎﺭﺟﻴﺔ‬ ‫ﻭﺍﻷﺳﻮﺍﻕ‬ ‫ﻤﻥ‬ ‫ﺒﻤﺯﻴﺩ‬ ‫ﻭﺍﻟﺘﻭﻗﻌﺎﺕ‬ ‫ﺍﻟﻌﺎﻟﻤﻰ‬ ‫ﻟﻺﻗﺘﺼﺎﺩ‬ ‫ﺍﻹﻴﺠﺎﺒﻴﺔ‬ ‫ﺍﻟﺘﻁﻭﺭﺍﺕ‬ ‫ﺘﻤﺜل‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﻤﺴﺘﻭﻯ‬ ‫ﺇﺴﺘﻘﺭﺍﺭ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﺍﻟﻘﺎﺩﻡ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﺨﻼل‬ ‫ﺍﻟﺘﺤﺴﻥ‬ ،‫ﺍﻟﺩﻭﻟﻴﺔ‬ ‫ﺍﻷﺴﻭﺍﻕ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺭﺌﻴﺴﻴﺔ‬‫ﻟﻠﻨﻤﻭ‬ ‫ﺩﺍﻋﻡ‬ ‫ﺩﻭﻟﻰ‬ ‫ﻟﻤﻨﺎﺥ‬ ‫ﺇﻴﺠﺎﺒﻴﺔ‬ ‫ﻤﺅﺸﺭﺍﺕ‬ ‫ﻟﺠﺫﺏ‬ ‫ﺍﻟﺘﻁﻭﺭﺍﺕ‬ ‫ﻫﺫﻩ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺩﺍﺨﻠﻴﺔ‬ ‫ﺍﻹﺴﺘﻔﺎﺩﺓ‬ ‫ﺤﺎﻟﺔ‬ ‫ﻓﻰ‬ ‫ﻤﺼﺭ‬ ‫ﻓﻰ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ،‫ﺍﻟﻤﺼﺭﻴﺔ‬ ‫ﺍﻟﺼﺎﺩﺭﺍﺕ‬ ‫ﺤﺠﻡ‬ ‫ﻭﺯﻴﺎﺩﺓ‬ ،‫ﺍﻷﻤﻭﺍل‬ ‫ﻭﺭﺅﻭﺱ‬ ‫ﺍﻹﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﺍﻟﻤﺭﺘﻔﻌﺔ‬ ‫ﻟﻤﻌﺩﻻﺘﻬﺎ‬ ‫ﺍﻟﺴﻴﺎﺤﺔ‬ ‫ﻋﻭﺩﺓ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬. ‫ﺍ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺼﺎﺩﺭﺓ‬ ‫ﺍﻟﺩﻭﻟﻲ‬ ‫ﺍﻟﻨﻘﺩ‬ ‫ﺼﻨﺩﻭﻕ‬ ‫ﺘﻘﺩﻴﺭﺍﺕ‬ ‫ﺃﺤﺩﺙ‬ ‫ﻭﺘﺸﻴﺭ‬‫ﺒﺭﻴل‬ ٢٠١٤‫ﻋﺎﻤﻰ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻌﺎﻟﻤﻰ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﻴﺸﻬﺩ‬ ‫ﺃﻥ‬ ‫ﺍﻟﻤﺘﻭﻗﻊ‬ ‫ﻤﻥ‬ ‫ﺃﻨﻪ‬ ‫ﺇﻟﻰ‬ ٢٠١٤‫ﻭ‬٢٠١٥‫ﻗﺩﺭﻫﺎ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻟﻴﺴﺠل‬ ،‫ﺍﻟﺘﺤﺴﻥ‬ ‫ﺒﻌﺽ‬٣,٦% ‫ﻭ‬٣,٩%‫ﻗﺩﺭﻩ‬ ‫ﻨﻤﻭ‬ ‫ﺒﻤﻌﺩل‬ ‫ﻤﻘﺎﺭﻨﺔ‬ ‫ﺍﻟﺘﻭﺍﻟﻰ‬ ‫ﻋﻠﻰ‬٣%‫ﻋﺎﻡ‬ ‫ﺨﻼل‬٢٠١٣‫؛‬ ‫ﺍﻟﺜﺎﻨﻰ‬ ‫ﺍﻟﻨﺼﻑ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻤﺘﻘﺩﻤﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺃﺩﺍﺀ‬ ‫ﻟﺘﺤﺴﻥ‬ ‫ﺍﻷﺴﺎﺱ‬ ‫ﻓﻰ‬ ‫ﺫﻟﻙ‬ ‫ﻭﻴﺭﺠﻊ‬ ‫ﻋﺎﻡ‬ ‫ﻤﻥ‬٢٠١٣‫ﻭﺯﻴﺎﺩﺓ‬‫ﻓﻰ‬ ‫ﺍﻟﺩﻴﻭﻥ‬ ‫ﺃﺯﻤﺔ‬ ‫ﺁﺜﺎﺭ‬ ‫ﺇﻨﺤﺴﺎﺭ‬ ‫ﻭﺒﺩﺀ‬ ،‫ﺍﻟﻜﻠﻰ‬ ‫ﺍﻟﻁﻠﺏ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺼﺎﺩﺭﺍﺕ‬ ‫ﺸﻬﺩﺘﻪ‬ ‫ﺍﻟﺫﻱ‬ ‫ﺍﻹﺭﺘﻔﺎﻉ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﺍﻟﻴﻭﺭﻭ‬ ‫ﻤﻨﻁﻘﺔ‬ ‫ﺍﻟﺼﺎﻋﺩﺓ‬) .‫ﺠﺩﻭل‬١( - ٢٠ -
  • 25. ‫ﺔ‬‫اﻟﺪوﻟ‬ /‫ﺔ‬‫اﻟﻤﻨﻄﻘ‬٢٠٠٨٢٠٠٩٢٠١٠٢٠١١٢٠١٢٢٠١٣٢٠١٤٢٠١٥ ‫ﺎﻟﻤﻰ‬‫اﻟﻌ‬‫ﺎد‬‫اﻹﻗﺘﺼ‬٢٫٧-٠٫٤٥٫٢٣٫٩٣٫٢٣٫٠٣٫٦٣٫٩ ‫ﺔ‬‫اﻟﻤﺘﻘﺪﻣ‬‫ﺪول‬‫اﻟ‬٠٫١-٣٫٤٣١٫٧١٫٤١٫٣٢٫٢٢٫٣ ‫ﺪة‬‫اﻟﻤﺘﺤ‬ ‫اﻟﻮﻻﯾﺎت‬-٠٫٣-٢٫٨٢٫٥١٫٨٢٫٨١٫٩٢٫٨٣٫٠ ‫ﻮرو‬‫اﻟﯿ‬ ‫ﻣﻨﻄﻘﺔ‬٠٫٤٤٫٤٢١٫٦٠٫٧٠٫٥١٫٢١٫٥ ‫ﺎن‬‫اﻟﯿﺎﺑ‬١٫٠٥٫٥٤٫٧٠٫٥١٫٤١٫٥١٫٤١٫٠ ‫ﺮى‬‫أﺧ‬ ‫ﺔ‬‫ﻣﺘﻘﺪﻣ‬ ‫دول‬١٫٠٢٫٤٤٫٥٢٫٧١٫٥٢٫١٢٫٩٢٫٩ ‫ﺎﻋﺪة‬‫اﻟﺼ‬‫اﻟﺪول‬٥٫٩٣٫١٧٫٥٦٫٣٥٫٠٤٫٧٤٫٩٥٫٣ ‫ﯿﺎ‬‫آﺳ‬ ‫ﻰ‬‫ﻓ‬ ‫اﻟﻨﺎﻣﯿﺔ‬ ‫اﻟﺪول‬٧٫٣٧٫٧٩٫٧٧٫٩٦٫٧٦٫٥٦٫٧٦٫٨ /١ ‫اﻟﺼﯿﻦ‬٩٫٦٩٫٢١٠٫٤٩٫٣٧٫٧٧٫٧٧٫٥٧٫٣ ‫اﻟﮭﻨﺪ‬٣٫٩٨٫٥١٠٫٣٦٫٦٤٫٧٤٫٤٥٫٤٦٫٤ ‫ﺘﻘﻠﺔ‬‫اﻟﻤﺴ‬ ‫ﺪول‬‫اﻟ‬ ‫ﻛﻮﻣﻮﻧﻮﯾﻠﺚ‬٥٫٣٦٫٤٤٫٩٤٫٨٣٫٤٢٫١٢٫٣٣٫١ ‫روﺳﯿﺎ‬٥٫٢-٧٫٨٤٫٥٤٫٣٣٫٤١٫٣١٫٣٢٫٣ ‫ﺎرﯾﺒﻰ‬‫واﻟﻜ‬ ‫ﺔ‬‫اﻟﻼﺗﯿﻨﯿ‬ ‫ﺎ‬‫أﻣﺮﯾﻜ‬٤٫٣١٫٣٦٫٠٤٫٦٣٫١٢٫٧٢٫٥٣٫٠ ‫ﻞ‬‫اﻟﺒﺮازﯾ‬٥٫٢-٠٫٣٧٫٥٢٫٧١٫٠٢٫٣١٫٨٢٫٧ ‫ﺎ‬‫إﻓﺮﯾﻘﯿ‬ ‫وﺷﻤﺎل‬ ‫اﻷوﺳﻂ‬ ‫اﻟﺸﺮق‬٥٫١٣٥٫٥٣٫٩٤٫١٢٫٢٣٫٢٤٫٥ ‫ﻌﻮدﯾﺔ‬‫اﻟﺴ‬ ‫ﺔ‬‫اﻟﻌﺮﺑﯿ‬ ‫ﺔ‬‫اﻟﻤﻤﻠﻜ‬٨٫٤١٫٨٧٫٤٨٫٦٥٫٨٣٫٨٤٫١٤٫٢ /٣ /٢ ‫ﻣﺼﺮ‬٧٫٢٤٫٧٥٫١١٫٨٢٫٢٢٫١٢٫٢٣٫٢ ‫ﺤﺮاء‬ ‫اﻟﺼ‬ ‫ﺟﻨﻮب‬ ‫إﻓﺮﯾﻘﯿﺎ‬٥٫٧٢٫٦٥٫٦٥٫٥٤٫٩٤٫٩٥٫٤٥٫٥ /١ ‫ﺎ‬‫إﻓﺮﯾﻘﯿ‬ ‫ﺟﻨﻮب‬٣٫٦-١٫٥٣٫١٣٫٦٢٫٥١٫٩٢٫٣٢٫٧ .٢٠١٤‫ﻞ‬ ‫أﺑﺮﯾ‬،‫ﺎﻟﻤﻰ‬‫اﻟﻌ‬‫ﺎدى‬ ‫اﻻﻗﺘﺼ‬‫ﺎق‬‫آﻓ‬‫ﺮﯾﺮ‬‫ﺗﻘ‬،‫ﺪوﻟﻰ‬‫اﻟ‬‫ﺪ‬‫اﻟﻨﻘ‬‫ﻨﺪوق‬‫ﺻ‬ :‫ﺪر‬‫اﻟﻤﺼ‬ .٢٠١٣‫ﺲ‬ ‫ﻟﯿ‬‫و‬،٢٠١٢ ‫ﻦ‬‫ﻣ‬‫ﺎت‬‫ﻟﺘﻮﻗﻌ‬‫ا‬‫أ‬‫ﺪ‬‫ﺗﺒ‬ /١ .‫ﺔ‬ ‫ﻟ‬‫و‬‫ﻠﺪ‬‫ﻟ‬‫ﺔ‬ ‫ﻟﻌﺎﻣ‬‫ا‬‫ﺔ‬‫ازﻧ‬‫ﻮ‬‫ﻟﻤ‬‫ا‬‫ﺮوع‬‫ﻣﺸ‬‫ات‬‫ﺮ‬‫ﺪﯾ‬‫ﻟﺘﻘ‬ً‫ﺎ‬‫وﻓﻘ‬ /٢ .٢٠١١/٢٠١٠ ‫ﺔ‬ ‫ﻟﯿ‬‫ﺎ‬‫ﻟﻤ‬‫ا‬‫ﻨﺔ‬‫ﻟﺴ‬‫ا‬ "٢٠١١"‫ﻞ‬‫ﺗﻤﺜ‬‫ﺚ‬‫ﺣﯿ‬،‫ﺔ‬‫ﻟﯿ‬‫ﺎ‬‫ﻣ‬‫ﻨﺔ‬‫ﺳ‬ /٣ ‫ﻊ‬‫ﻣﺘﻮﻗ‬ (‫ﺔ‬‫ﻣﺌﻮﯾ‬‫ﺒﺔ‬‫)ﻧﺴ‬ ‫ﻓﻌﻠﯿﺎت‬ ‫ﺠﺩﻭل‬)١:(‫ﺍﻟﺩﻭل‬ ‫ﻤﻥ‬ ‫ﻋﺩﺩ‬ ‫ﻓﻲ‬ ‫ﺍﻻﺠﻤﺎﻟﻰ‬ ‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﺍﻟﻨﺎﺘﺞ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩل‬ ‫ﺍﻟﺜﺎﺒﺘﺔ‬ ‫ﺒﺎﻷﺴﻌﺎﺭ‬ ،‫ﺍﻟﻤﺨﺘﺎﺭﺓ‬ - ٢١ -
  • 26. ‫ﻓﺈﻥ‬ ،‫ﺇﻟﻴﻬﺎ‬ ‫ﺍﻟﻤﺸﺎﺭ‬ ‫ﺍﻟﺘﺤﺴﻥ‬ ‫ﺩﻻﺌل‬ ‫ﻤﻥ‬ ‫ﺍﻟﺭﻏﻡ‬ ‫ﻭﻋﻠﻰ‬‫ﻓﻰ‬ ‫ﺍﻟﺘﻌﺎﻓﻰ‬ ‫ﻤﺅﺸﺭﺍﺕ‬ ‫ﻤﺴﺘﻭﻴﺎﺕ‬ ‫ﺇﺭﺘﻔﺎﻉ‬ ‫ﻤﻘﺩﻤﺘﻬﺎ‬ ‫ﻭﻓﻰ‬ ‫ﻤﻠﻤﻭﺴﺔ‬ ‫ﺒﺘﺤﺩﻴﺎﺕ‬ ‫ﺘﻭﺍﺠﻪ‬ ‫ﺍﻟﻌﺎﻟﻤﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻟﻨﻅﺎﻡ‬ ‫ﺃﻤﺎﻡ‬ ‫ﺍﻟﻤﺨﺎﻁﺭ‬ ‫ﻭﺇﺴﺘﻤﺭﺍﺭ‬ ،‫ﺍﻟﻤﺘﻘﺩﻤﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﻓﻰ‬ ‫ﺍﻟﺤﻜﻭﻤﻰ‬ ‫ﺍﻟﺩﻴﻥ‬ ‫ﺍﻗﺘﺼﺎﺩﻴﺎﺕ‬ ‫ﺒﻌﺽ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻓﻰ‬ ‫ﺘﺭﺍﺠﻊ‬ ‫ﺤﺩﻭﺙ‬ ‫ﺘﻭﻗﻊ‬ ‫ﻋﻥ‬ ‫ﹰ‬‫ﻼ‬‫ﻓﻀ‬ ،‫ﺍﻟﻌﺎﻟﻤﻰ‬ ‫ﻤﻌﺩل‬ ‫ﺜﻠﺜﻰ‬ ‫ﺒﻘﺭﺍﺒﺔ‬ ‫ﺘﺴﻬﻡ‬ ‫ﻭﺍﻟﺘﻲ‬ ‫ﺍﻟﺼﺎﻋﺩﺓ‬ ‫ﺍﻟﺩﻭل‬‫ﺍﻟﻌﺎﻟﻤﻲ‬ ‫ﺍﻻﻗﺘﺼﺎﺩ‬ ‫ﻨﻤﻭ‬. ‫ﺍﻟﻤﺘﻘﺩﻤﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﻓﻰ‬ ‫ﺍﻟﻤﺭﻜﺯﻴﺔ‬ ‫ﺍﻟﺒﻨﻭﻙ‬ ‫ﺘﺒﻨﺕ‬ ‫ﺃﻥ‬ ‫ﻭﺒﻌﺩ‬ ،‫ﺃﺨﺭﻯ‬ ‫ﺠﻬﺔ‬ ‫ﻤﻥ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺘﺒﺎﻁﺅ‬ ‫ﺤﺎﻟﺔ‬ ‫ﻟﻤﻭﺍﺠﻬﺔ‬ ‫ﺘﻭﺴﻌﻴﺔ‬ ‫ﺴﻴﺎﺴﺎﺕ‬ ‫ﺍﻟﻤﺎﻀﻴﺔ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﻓﻰ‬ ‫ﻫﺫﻩ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺨﺭﻭﺝ‬ ‫ﺇﻤﻜﺎﻨﻴﺔ‬ ‫ﺍﻵﻥ‬ ‫ﺘﺒﺤﺙ‬ ‫ﺍﻟﺩﻭل‬ ‫ﻫﺫﻩ‬ ‫ﻓﺈﻥ‬ ،‫ﺍﻻﻗﺘﺼﺎﺩﻱ‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﻫﺫﻩ‬ ‫ﻋﻠﻰ‬ ‫ﻓﻘﻁ‬ ‫ﻟﻴﺱ‬ ‫ﻤﻬﻤﺔ‬ ‫ﺁﺜﺎﺭ‬ ‫ﻟﻪ‬ ‫ﺴﻴﻜﻭﻥ‬ ‫ﻤﻤﺎ‬ ‫ﺍﻟﺴﻴﺎﺴﺎﺕ‬‫ﹰ‬‫ﺎ‬‫ﺃﻴﻀ‬ ‫ﻭﻟﻜﻥ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺍﻟﻔﺎﺌﺩﺓ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﻟﺴﻴﺎﺴﺎﺕ‬ ‫ﺒﺎﻟﻨﺴﺒﺔ‬ ‫ﺨﺎﺼﺔ‬ ‫ﻭﺍﻟﻨﺎﻤﻴﺔ‬ ‫ﺍﻟﻨﺎﺸﺌﺔ‬ ‫ﺍﻟﺩﻭل‬ ‫ﺒﺎﻗﻰ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﺼﺭﻑ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﻭﻋﻠﻰ‬ ‫ﺍﻹﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﺠﺫﺏ‬ ‫ﻋﻠﻰ‬ ‫ﻭﺘﺄﺜﻴﺭﻫﺎ‬. ،‫ﺍﻟﺭﺌﻴﺴﻴﺔ‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻭﺍﻕ‬ ‫ﻷﺩﺍﺀ‬ ‫ﺒﺎﻟﻨﺴﺒﺔ‬ ‫ﺃﻤﺎ‬‫ﺍﻟﻤﻨﺸﻭﺭﺓ‬ ‫ﺍﻟﺒﻴﺎﻨﺎﺕ‬ ‫ﻷﺤﺩﺙ‬ ‫ﹰ‬‫ﺎ‬‫ﻓﻁﺒﻘ‬ ‫ﻭﺍﻟﺼ‬ ‫ﺴﻨﻭﻯ‬ ‫ﺍﻟﺭﺒﻊ‬ ‫ﺍﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺁﻓﺎﻕ‬ ‫ﺘﻘﺭﻴﺭ‬ ‫ﻓﻰ‬‫ﺍﻟﺒﻨـﻙ‬ ‫ﻋـﻥ‬ ‫ﺎﺩﺭ‬ ‫ﺍﺒﺭﻴل‬ ‫ﻓﻰ‬ ‫ﺍﻟﺩﻭﻟﻰ‬٢٠١٤‫ﹰ‬‫ﺍ‬‫ﺍﺴﺘﻘﺭﺍﺭ‬ ‫ﺍﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﻤﺅﺸﺭ‬ ‫ﺸﻬﺩ‬ ‫ﻓﻘﺩ‬ ، ‫ﻋﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻷﻭل‬ ‫ﺍﻟﺭﺒﻊ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻨﻁﺎﻕ‬ ‫ﻭﺍﺴﻊ‬٢٠١٤‫ﻤﻨﻬـﺎ‬ ‫ﻋﻭﺍﻤل‬ ‫ﻟﻌﺩﺓ‬ ‫ﻨﺘﻴﺠﺔ‬ ‫ﺒـ‬ ‫ﺇﺭﺘﻔﻌﺕ‬ ‫ﻭﺍﻟﺘﻰ‬ ‫ﺍﻟﻁﺎﻗﺔ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻁﻔﻴﻑ‬ ‫ﺍﻟﺘﻐﻴﺭ‬٠,٤%‫ﻤﻘﺎﺭﻨـﺔ‬ ‫ﻓﻘـﻁ‬ ‫ﻋﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻷﺨﻴﺭ‬ ‫ﺒﺎﻟﺭﺒﻊ‬٢٠١٣‫ﺍﻟﻤﻌـﺎﺩﻥ‬ ‫ﺃﺴـﻌﺎﺭ‬ ‫ﺍﻨﺨﻔﻀﺕ‬ ‫ﺒﻴﻨﻤﺎ‬ ‫؛‬‫ﺒﻨـﺴﺒﺔ‬ ٣,٢%‫ﺍﻟﺼﻴﻥ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻁﻠﺏ‬ ‫ﻀﻌﻑ‬ ‫ﻀﻭﺀ‬ ‫ﻓﻰ‬. - ٢٢ -
  • 27. ٢٠١٠٢٠١١٢٠١٢٢٠١٣٢٠١٤٢٠١٥ ‫ﺔ‬ ‫اﻟﻄﺎﻗ‬ ‫أﺳﻌﺎر‬ ١/ (‫ﻟﻠﺒﺮﻣﯿﻞ‬ ‫)دوﻻر‬ ‫ﺑﺮﻧﺖ‬ ‫ﺧﺎم‬٩٦٫٣١١٢٫٥١٠٨٫٧١٠٨٫٣١٠٥٫٠٩٩٫٦ (‫ﺔ‬ ‫ﺑﺮﯾﻄﺎﻧﯿ‬ ‫ﺣﺮارﯾﺔ‬ ‫وﺣﺪة‬ ‫ﻟﻠﺘﺮﯾﻠﯿﻮن‬ ‫دوﻻر‬ ،‫)اﻟﯿﺎﺑﺎن‬ ‫ﻃﺒﯿﻌﻰ‬ ‫ﻏﺎز‬١٠٫٨١٤٫٧١٦٫٦١٦٫٠١٥٫٨١٥٫٠ (‫ﺔ‬ ‫ﺑﺮﯾﻄﺎﻧﯿ‬ ‫ﺣﺮارﯾﺔ‬ ‫وﺣﺪة‬ ‫ﻟﻠﺘﺮﯾﻠﯿﻮن‬ ‫دوﻻر‬ ،‫اﻻوروﺑﻰ‬ ‫)اﻻﺗﺤﺎد‬ ‫ﻃﺒﯿﻌﻰ‬ ‫ﻏﺎز‬٨٫٣١٠٫٥١١٫٥١١٫٨١١٫٤١١٫٠ (‫ﺔ‬ ‫ﺑﺮﯾﻄﺎﻧﯿ‬ ‫ﺣﺮارﯾﺔ‬ ‫وﺣﺪة‬ ‫ﻟﻠﺘﺮﯾﻠﯿﻮن‬ ‫دوﻻر‬ ،‫اﻟﻤﺘﺤﺪة‬ ‫)اﻟﻮﻻﯾﺎت‬ ‫ﻃﺒﯿﻌﻰ‬ ‫ﻏﺎز‬٤٫٤٤٫٠٢٫٨٣٫٧٤٫٥٤٫٧ ‫ﺔ‬ ‫اﻷوﻟﯿ‬ ‫ﻠﻊ‬ ‫واﻟﺴ‬ ‫ﺬاء‬ ‫اﻟﻐ‬ ‫ﻮاد‬‫ﻣ‬ ‫ﻌﺎر‬‫أﺳ‬ ٢/ (‫ﻃﻦ‬ / ‫دوﻻر‬ ) ‫ﺮﯾﻜﻰ‬‫اﻷﻣ‬ ‫اﻟﻘﻤﺢ‬٢٩٤٫٠٢٤٨٫٢٢٩٧٫٣٢٧٤٫١٢٦٥٫٢٢٦٤٫٩ (‫ﻃﻦ‬ / ‫)دوﻻر‬ ‫اﻟﺼﻮﯾﺎ‬ ‫ﻓﻮل‬٤٤٩٫٨٥٤٠٫٧٥٩١٫٤٥٣٨٫٤٥٥٠٫٠٥٣٥٫٠ ٢/ (‫ﻃﻦ‬ / ‫)دوﻻر‬ ‫اﻟﺼﻮﯾﺎ‬ ‫ﻓﻮل‬ ‫زﯾﺖ‬١٠٠٤٫٦١٢٩٩٫٣١٢٢٦٫٣١٠٥٦٫٧٩٣٢٫٢٩٠٩٫٤ (‫ﻃﻦ‬ / ‫دوﻻر‬ ،%٥ ،‫)ﺗﺎﯾﻼﻧﺪ‬ ‫اﻷرز‬٤٨٨٫٩٥٤٣٫٠٥٦٣٫٠٥٠٥٫٩٤٣٠٫٠٤٢٥٫٠ (‫ﻃﻦ‬ / ‫)دوﻻر‬ ‫اﻟﺬرة‬١٨٥٫٩٢٩١٫٧٢٩٨٫٤٢٥٩٫٤٢٢٥٫٠٢٣٥٫٠ (‫ﺟﻢ‬ ‫ﻛﯿﻠﻮ‬ / ‫دوﻻر‬ ،‫ﺎﻟﻤﻰ‬ ‫اﻟﻌ‬ ‫)اﻟﺴﻌﺮ‬ ‫اﻟﺴﻜﺮ‬٠٫٤٧٠٫٥٧٠٫٤٧٠٫٣٩٠٫٤٠٠٫٤٠ (‫ﺟﻢ‬ ‫ﻛﯿﻠﻮ‬ / ‫دوﻻر‬ ،‫ﺔ‬ ‫اﻟﻌﺎﻟﻤﯿ‬ ‫اﻷﺳﻌﺎر‬ ‫)ﻣﺘﻮﺳﻂ‬ ‫اﻟﺸﺎى‬٢٫٨٨٢٫٩٢٢٫٩٠٢٫٨٦٢٫٧٠٢٫٨٠ ‫اﻟﻨﻘﺪ‬ ‫ﺻﻨﺪوق‬ ‫ﻟﺘﻮﻗﻌﺎت‬ ‫ﺑﺎﻻﺿﺎﻓﺔ‬ (Futures) ‫اﻟﻤﺴﺘﻘﺒﻠﯿﺔ‬ ‫ﺑﺮﻧﺖ‬ ‫ﺧﺎم‬ ‫ﻷﺳﻌﺎر‬ ‫وﻓﻘﺎ‬ ‫ﺑﺮﻧﺖ‬ ‫ﺧﺎم‬ ‫ﻣﺘﻮﺳﻂ‬ ‫اﺣﺘﺴﺎب‬ ‫ﺗﻢ‬ .٢٠١٢/٢٠١١ ‫اﻟﻤﺎﻟﯿﺔ‬ ‫اﻟﺴﻨﺔ‬ "٢٠١١" ‫ﺗﻤﺜﻞ‬ ‫ﺣﯿﺚ‬ ،‫ﻣﺎﻟﯿﺔ‬ ‫ﺳﻨﺔ‬ /١ .‫اﻟﺪوﻟﻰ‬ ‫ﺧﺎم‬ ‫ﻷﺳﻌﺎر‬ ‫وﻓﻘﺎ‬ (Hard Red Winter and Soft Red Winter) ‫اﻟﻘﻤﺢ‬ ‫ﺳﻌﺮ‬ ‫ﻣﺘﻮﺳﻂ‬ ‫اﺣﺘﺴﺎب‬ ‫ﺗﻢ‬ .٢٠١٢/٢٠١١ ‫اﻟﻤﺎﻟﯿﺔ‬ ‫اﻟﺴﻨﺔ‬ "٢٠١١" ‫ﺗﻤﺜﻞ‬ ‫ﺣﯿﺚ‬ ،‫ﻣﺎﻟﯿﺔ‬ ‫ﺳﻨﺔ‬ /٢ .‫اﻟﺪوﻟﻰ‬ ‫اﻟﻨﻘﺪ‬ ‫ﺻﻨﺪوق‬ ‫ﻟﺘﻮﻗﻌﺎت‬ ‫ﺑﺎﻻﺿﺎﻓﺔ‬ (Futures) ‫اﻟﻤﺴﺘﻘﺒﻠﯿﺔ‬ ‫ﺑﺮﻧﺖ‬ (‫وﺣﺪة‬ / ‫)دوﻻر‬ ‫ﻊ‬‫ﻣﺘﻮﻗ‬ ‫ﻓﻌﻠﯿﺎت‬ .٢٠١٤ ‫أﺑﺮﯾـﻞ‬ ،‫اﻟﺴـﻠﻊ‬ ‫أﺳـﻮاق‬ ‫آﻓﺎق‬ ‫ﺗﻘﺮﯾﺮ‬ ،‫اﻟﺪوﻟﻰ‬ ‫اﻟﺒﻨﻚ‬ :‫اﻟﻤﺼﺪر‬ ‫ﺠﺩﻭل‬)٢:(‫ﺍﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﺍﻟﺘﺠﺎﺭﺓ‬ ‫ﻓﻰ‬ ‫ﺍﻷﻭﻟﻴﺔ‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺃﻥ‬ ‫ﺍﻟﻤﺘﻭﻗﻊ‬ ‫ﻭﻤﻥ‬‫ﻨﺴﺒﻰ‬ ‫ﺍﺴﺘﻘﺭﺍﺭ‬ ‫ﻫﻨﺎﻙ‬ ‫ﻴﻜﻭﻥ‬‫ﺨﻼل‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﻓﻰ‬ ‫ﻋﺎﻤﻰ‬٢٠١٤‫ﻭ‬٢٠١٥.‫ﺍﻟﺒﺘﺭﻭل‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺘﻨﺨﻔﺽ‬ ‫ﺃﻥ‬ ‫ﻴﺘﻭﻗﻊ‬ ،‫ﻨﺎﺤﻴﺔ‬ ‫ﻓﻤﻥ‬ ‫ﺍ‬ ‫ﺘﺩﺍﻋﻴﺎﺕ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺭﻏﻡ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺎﻀﻴﺔ‬ ‫ﺒﺎﻟﺴﻨﺔ‬ ‫ﻤﻘﺎﺭﻨﺔ‬ ‫ﻗﻠﻴﻼ‬‫ﺍﻟﺭﻭﺴﻴﺔ‬ ‫ﻷﺯﻤﺔ‬ ‫ﺍﻟﻌﺭﺽ‬ ‫ﺠﺎﻨﺏ‬ ‫ﻓﻰ‬ ‫ﺍﺨﺘﻼﻻﺕ‬ ‫ﺤﺩﻭﺙ‬ ‫ﺍﺤﺘﻤﺎل‬ ‫ﻀﻌﻑ‬ ‫ﺒﺴﺒﺏ‬ ‫ﺍﻷﻭﻜﺭﺍﻨﻴﺔ‬.‫ﻭ‬‫ﻭﻓﻘﺎ‬ ‫ﺍﻟﺒﺘﺭﻭل‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺴﺠﻠﺕ‬ ‫ﻓﻘﺩ‬ ،‫ﺍﻟﺩﻭﻟﻰ‬ ‫ﺍﻟﺒﻨﻙ‬ ‫ﻋﻥ‬ ‫ﺍﻟﺼﺎﺩﺭﺓ‬ ‫ﺍﻟﺒﻴﺎﻨﺎﺕ‬ ‫ﻷﺤﺩﺙ‬ )‫ﺒﺭﻨﺕ‬ ‫ﺨﺎﻡ‬(‫ﻨﺤﻭ‬١٠٩‫ﺩﻭﻻﺭ‬/‫ﻴﻭﻟﻴﻭ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺒﺭﻤﻴل‬-‫ﻤﺎﻴﻭ‬ ٢٠١٣/٢٠١٤‫ﻤﻘﺎﺒل‬١١٠‫ﺩﻭﻻﺭ‬/‫ﺍﻟﻌﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﻨﻔﺱ‬ ‫ﺨﻼل‬ ‫ﺒﺭﻤﻴل‬ ‫ﺍﻟﺴﺎﺒﻕ‬. - ٢٣ -
  • 28. ٠ ٢٠ ٤٠ ٦٠ ٨٠ ١٠٠ ١٢٠ ١٤٠ ١٦٠ ‫أﺑرﯾل‬-٠٧ ‫ﺳﺑﺗﻣﺑر‬-٠٧ ‫ﻓﺑراﯾر‬-٠٨ ‫ﯾوﻟﯾو‬-٠٨ ‫دﯾﺳﻣﺑر‬-٠٨ ‫ﻣﺎﯾو‬-٠٩ ‫أﻛﺗوﺑر‬-٠٩ ‫ﻣﺎرس‬-١٠ ‫أﻏﺳطس‬-١٠ ‫ﯾﻧﺎﯾر‬-١١ ‫ﯾوﻧﯾو‬-١١ ‫ﻧوﻓﻣﺑر‬-١١ ‫أﺑرﯾل‬-١٢ ‫ﺳﺑﺗﻣﺑر‬-١٢ ‫ﻓﺑراﯾر‬-١٣ ‫ﯾوﻟﯾو‬-١٣ ‫دﯾﺳﻣﺑر‬-١٣ ‫اﻟﻣﺻدر‬:‫اﻟدوﻟﻰ‬ ‫اﻟﺑﻧك‬ ‫ﺷﻛل‬)١:(‫اﻟﻌﺎﻟﻣﯾﺔ‬ ‫اﻟﺑﺗرول‬ ‫أﺳﻌﺎر‬ ‫ﺗطور‬ ٠ ٢٠٠ ٤٠٠ ٦٠٠ ٨٠٠ ١٠٠٠ ١٢٠٠ ١٤٠٠ ١٦٠٠ ١٨٠٠ ‫أﺑرﯾل‬-٠٧ ‫أﻏﺳطس‬-٠٧ ‫دﯾﺳﻣﺑر‬-٠٧ ‫أﺑرﯾل‬-٠٨ ‫أﻏﺳطس‬-٠٨ ‫دﯾﺳﻣﺑر‬-٠٨ ‫أﺑرﯾل‬-٠٩ ‫أﻏﺳطس‬-٠٩ ‫دﯾﺳﻣﺑر‬-٠٩ ‫أﺑرﯾل‬-١٠ ‫أﻏﺳطس‬-١٠ ‫دﯾﺳﻣﺑر‬-١٠ ‫أﺑرﯾل‬-١١ ‫أﻏﺳطس‬-١١ ‫دﯾﺳﻣﺑر‬-١١ ‫أﺑرﯾل‬-١٢ ‫أﻏﺳطس‬-١٢ ‫دﯾﺳﻣﺑر‬-١٢ ‫أﺑرﯾل‬-١٣ ‫أﻏﺳطس‬-١٣ ‫دﯾﺳﻣﺑر‬-١٣ ‫أﺑرﯾل‬-١٤ ‫اﻟﻣﺻدر‬:‫اﻟدوﻟﻰ‬ ‫اﻟﺑﻧك‬ ‫ﺷﻛل‬)٢:(‫ﻟﻠﺳﻠﻊ‬ ‫اﻟﻌﺎﻟﻣﯾﺔ‬ ‫اﻷﺳﻌﺎر‬ ‫ﺗطور‬ ‫اﻟﺻوﯾﺎ‬ ‫ﻓول‬ ‫زﯾت‬ ‫اﻟذرة‬ ‫اﻟﻘﻣﺢ‬* *‫ﺑﻧوﻋﯾﮫ‬ ‫اﻟﻘﻣﺢ‬ ‫ﺳﻌر‬ ‫ﻣﺗوﺳط‬ ‫ﯾﻌﻛس‬)' Hard Red Winter, and Soft Red Winter ‫ﺘﻭﻗﻊ‬ ‫ﺫﻟﻙ‬ ‫ﻤﻊ‬ ‫ﻴﺘﻭﺍﻜﺏ‬‫ﻨﺴﺒﻴﺎ‬ ‫ﺍﻟﻁﺒﻴﻌﻰ‬ ‫ﺍﻟﻐﺎﺯ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺘﺭﺘﻔﻊ‬ ‫ﺃﻥ‬‫ﺨﻼل‬ ‫ﻋﺎﻡ‬٢٠١٤‫ﻟﺘﺴﺠل‬٤,٥‫ﺨﻼل‬ ‫ﺤﺭﺍﺭﻴﺔ‬ ‫ﺒﺭﻴﻁﺎﻨﻴﺔ‬ ‫ﻭﺤﺩﺓ‬ ‫ﻟﻠﻤﻠﻴﻭﻥ‬ ‫ﺩﻭﻻﺭ‬ ٢٠١٤‫ﺒﺯﻴﺎﺩﺓ‬٢٢%‫ﺍﻟﺴﺎﺒﻕ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻋﻥ‬‫ﺍﻟﻁﻠﺏ‬ ‫ﻟﺯﻴﺎﺩﺓ‬‫ﻜﺜﻴﻔﺔ‬ ‫ﺍﻟﺼﻨﺎﻋﺎﺕ‬ ‫ﻤﻥ‬ ‫ﻟﻠﻁﺎﻗﺔ‬ ‫ﺍﻹﺴﺘﺨﺩﺍﻡ‬‫ﺭﻜﻭﺩ‬ ‫ﺍﺴﺘﻤﺭﺍﺭ‬ ‫ﻤﻥ‬ ‫ﺍﻟﺭﻏﻡ‬ ‫ﻋﻠﻰ‬ ،‫ﺍﻷﻤﺭﻴﻜﻰ‬ ‫ﺍﻟﺴﻭﻕ‬ ‫ﻓﻰ‬ ‫ﺍ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻁﻠﺏ‬‫ﻭﺍﻟﻴﺎﺒﺎﻥ‬ ‫ﺍﻷﻭﺭﻭﺒﻴﺔ‬ ‫ﺍﻟﺴﻭﻕ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻁﺒﻴﻌﻰ‬ ‫ﻟﻐﺎﺯ‬.‫ﺍﻹﺸﺎﺭﺓ‬ ‫ﻭﺘﺠﺩﺭ‬ ‫ﹰ‬‫ﺎ‬‫ﻭﻓﻘ‬ ‫ﺍﻟﻤﻨﺎﻁﻕ‬ ‫ﺒﺤﺴﺏ‬ ‫ﻜﺒﻴﺭ‬ ‫ﺒﺸﻜل‬ ‫ﺘﺨﺘﻠﻑ‬ ‫ﺍﻟﻁﺒﻴﻌﻰ‬ ‫ﺍﻟﻐﺎﺯ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺃﻥ‬ ‫ﺇﻟﻰ‬ ‫ﺍﻟﻨﻘل‬ ‫ﻭﺃﺴﻠﻭﺏ‬ ‫ﺍﻹﻨﺘﺎﺝ‬ ‫ﻟﺘﻜﻠﻔﺔ‬)‫ﺠﺩﻭل‬٢(. ‫ﻋﻭﺍﻤل‬ ‫ﺒﻌﺩﺓ‬ ‫ﹰ‬‫ﺎ‬‫ﺘﺫﺒﺫﺒ‬ ‫ﺍﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﺍﻟﻐﺫﺍﺀ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺘﺄﺜﺭﺕ‬ ،‫ﺃﺨﺭﻯ‬ ‫ﻨﺎﺤﻴﺔ‬ ‫ﻤﻥ‬، ‫ﻴﺘﻭﻗﻊ‬ ‫ﺤﻴﺙ‬‫ﺍﻟﻐ‬ ‫ﺍﻟﺴﻠﻊ‬ ‫ﺃﺴﻌﺎﺭ‬ ‫ﺘﺸﻬﺩ‬ ‫ﺃﻥ‬‫ﻭﺍﻟﺫﺭﺓ‬ ‫ﺍﻟﻘﻤﺢ‬ ‫ﻤﺜل‬ ‫ﺫﺍﺌﻴﺔ‬‫ﻓﻰ‬ ‫ﹰ‬‫ﺍ‬‫ﺇﺴﺘﻘﺭﺍﺭ‬ ‫ﺍﻷ‬‫ﺴﻌﺎﺭ‬‫؛‬‫ﺇﻨﺨﻔﺎﺽ‬ ‫ﻴﺘﻭﻗﻊ‬ ‫ﺒﻴﻨﻤﺎ‬‫ﺍﻷﺭ‬ ‫ﺃﺴﻌﺎﺭ‬‫ﺯ‬. - ٢٤ -
  • 29. ‫ﺍﻟﻌﺎﻟﻤﻴﺔ‬ ‫ﺍﻟﺒﻭﺭﺼﺎﺕ‬ ‫ﻓﻰ‬ ‫ﺍﻷﻤﺭﻴﻜﻰ‬ ‫ﺍﻟﻘﻤﺢ‬ ‫ﺴﻌﺭ‬ ‫ﻤﺘﻭﺴﻁ‬ ‫ﺸﻬﺩ‬ ‫ﻜﻤﺎ‬ ‫ﻴﻭﻟﻴﻭ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﹰ‬‫ﺎ‬‫ﺘﺭﺍﺠﻌ‬-‫ﻤﺎﻴﻭ‬٢٠١٣/٢٠١٤‫ﺒﻨﺴﺒﺔ‬١١,٦%‫ﻤﻘﺎﺭﻨﺔ‬ ‫ﻤﺘﻭﺴﻁ‬ ‫ﻟﻴﺒﻠﻎ‬ ‫ﺍﻟﺴﺎﺒﻕ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺒﻨﻔﺱ‬٢٨٨‫ﺩﻭﻻﺭ‬/‫ﺯﻴﺎﺩ‬ ‫ﻨﺘﻴﺠﺔ‬ ‫ﻁﻥ‬‫ﺓ‬ ‫ﺍﺴﺘﻤﺭﺍﺭ‬ ‫ﺭﻏﻡ‬ ‫ﻭﺫﻟﻙ‬ ‫ﺍﻟﺘﺼﺩﻴﺭ‬ ‫ﻟﻘﻴﻭﺩ‬ ‫ﻭﺃﻭﻜﺭﺍﻨﻴﺎ‬ ‫ﺭﻭﺴﻴﺎ‬ ‫ﺇﻟﻐﺎﺀ‬ ‫ﺒﻌﺩ‬ ‫ﺍﻟﻤﻌﺭﻭﺽ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﻫﺫﻩ‬ ‫ﺨﻼل‬ ‫ﻋﺎﻡ‬ ‫ﺒﺸﻜل‬ ‫ﺍﻟﻤﻨﺎﺥ‬ ‫ﺴﻭﺀ‬.‫ﺘﻠﻙ‬ ‫ﺘﺴﺘﻤﺭ‬ ‫ﺃﻥ‬ ‫ﺍﻟﻤﺘﻭﻗﻊ‬ ‫ﻭﻤﻥ‬ ‫ﻴﺴﺠل‬ ‫ﺃﻥ‬ ‫ﻴﺘﻭﻗﻊ‬ ‫ﺤﻴﺙ‬ ،‫ﺍﻟﻌﺎﻟﻤﻰ‬ ‫ﺍﻟﻘﻤﺢ‬ ‫ﺴﻌﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﺘﺄﺜﻴﺭ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻌﻭﺍﻤل‬ ‫ﺍﻟﻘﻤﺢ‬ ‫ﺴﻌﺭ‬ ‫ﻤﺘﻭﺴﻁ‬٢٦٥‫ﺩﻭﻻﺭ‬/‫ﺨﻼل‬ ‫ﻁﻥ‬٢٠١٤/٢٠١٥. ‫ﻨﻔﺴﻪ‬ ‫ﺍﻟﻭﻗﺕ‬ ‫ﻭﻓﻰ‬‫ﺇﺴﺘﻤﺭﺕ‬‫ﺃﺴﻌﺎﺭ‬‫ﺯﻴﺕ‬‫ﻓﻭل‬‫ﺍﻟﺼﻭﻴﺎ‬‫ﻓﻰ‬‫ﺍﻟﺘﺭﺍﺠﻊ‬ ‫ﻤﺘﻭﺴﻁ‬ ‫ﺒﻠﻐﺕ‬ ‫ﺤﻴﺙ‬٩٩٠‫ﺩﻭﻻﺭ‬/‫ﻴﻭﻟﻴﻭ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﻁﻥ‬-‫ﻤﺎﻴﻭ‬ ٢٠١٣/٢٠١٤‫ﺒﺈﻨﺨﻔﺎﺽ‬١٦%‫ﺍﻟﺴﺎﺒﻕ‬ ‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﻨﻔﺱ‬ ‫ﻋﻥ‬ ‫ﺒﺴﺒﺏ‬‫ﺍﻻﻨﺘﺎﺝ‬ ‫ﺯﻴﺎﺩﺓ‬ ‫ﻤﻊ‬ ‫ﺍﻟﻌﺎﻟﻤﻰ‬ ‫ﺍﻟﻤﺨﺯﻭﻥ‬ ‫ﺯﻴﺎﺩﺓ‬.‫ﺴﻌﺭ‬ ‫ﻴﺴﺘﻤﺭ‬ ‫ﺃﻥ‬ ‫ﻭﻴﺘﻭﻗﻊ‬ ‫ﺇﻟﻰ‬ ‫ﺍﻻﻨﺨﻔﺎﺽ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺼﻭﻴﺎ‬ ‫ﻓﻭل‬ ‫ﺯﻴﺕ‬٩٣٢‫ﺩﻭﻻﺭ‬/‫ﺨﻼ‬ ‫ﻁﻥ‬‫ﻋﺎﻡ‬ ‫ل‬ ٢٠١٤/٢٠١٥‫ﺠﺎﻨﺏ‬ ‫ﻋﻠﻰ‬ ‫ﺍﺨﺘﻼﻻﺕ‬ ‫ﻭﺠﻭﺩ‬ ‫ﺍﺤﺘﻤﺎﻟﻴﺔ‬ ‫ﻟﻀﻌﻑ‬ ‫ﻨﺘﻴﺠﺔ‬ ‫ﻭﺫﻟﻙ‬ ، ‫ﺍﻟﻌﺭﺽ‬. ‫ﺏ‬–‫ﺍﳌﺼﺮﻯ‬ ‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﺗﻮﺍﺟﻪ‬ ‫ﺍﻟﱴ‬ ‫ﺍﻟﺘﺤﺪﻳﺎﺕ‬ ‫ﺃﻫﻢ‬ ‫ﻟﻤﺭﺤﻠﺔ‬ ‫ﺍﻟﻤﺼﺎﺤﺒﺔ‬ ‫ﺍﻵﺜﺎﺭ‬ ‫ﻤﻥ‬ ‫ﻴﻌﺎﻨﻰ‬ ‫ﺍﻟﻤﺼﺭﻯ‬ ‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﻴﺯﺍل‬ ‫ﻻ‬ ‫ﻤﻭﺍﺠﻬﺔ‬ ‫ﺘﺘﻁﻠﺏ‬ ‫ﺍﻟﺘﻰ‬ ‫ﺍﻟﺘﺤﺩﻴﺎﺕ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻌﺩﻴﺩ‬ ‫ﻴﻔﺭﺽ‬ ‫ﻤﺎ‬ ‫ﻭﻫﻭ‬ ‫ﺍﻟﺴﻴﺎﺴﻰ‬ ‫ﺍﻹﻨﺘﻘﺎل‬ ‫ﺍﻟﺠ‬ ‫ﻜل‬ ‫ﻭﺒﺫل‬ ‫ﺤﺎﺴﻤﺔ‬‫ﺍﻟﻌﻭﺩﺓ‬ ‫ﺒﻬﺩﻑ‬ ‫ﻓﻘﻁ‬ ‫ﻟﻴﺱ‬ ،‫ﺘﺴﻭﻴﻑ‬ ‫ﺃﻭ‬ ‫ﺘﺄﺠﻴل‬ ‫ﺩﻭﻥ‬ ‫ﻬﺩ‬ ‫ﻴﺼﺒﻭ‬ ‫ﻤﺎ‬ ‫ﺘﺤﻘﻕ‬ ‫ﺠﺩﻴﺩﺓ‬ ‫ﻟﻤﺭﺤﻠﺔ‬ ‫ﻟﻺﻨﻁﻼﻕ‬ ‫ﻭﻟﻜﻥ‬ ،‫ﺴﺎﺒﻕ‬ ‫ﺇﻗﺘﺼﺎﺩﻯ‬ ‫ﻭﻀﻊ‬ ‫ﺇﻟﻰ‬ ‫ﺍﻟﺸﺎﻤﻠﺔ‬ ‫ﻭﺍﻟﺘﻨﻤﻴﺔ‬ ‫ﺍﻟﻜﺭﻴﻡ‬ ‫ﺍﻟﻌﻴﺵ‬ ‫ﻤﻥ‬ ‫ﺍﻟﻤﻭﺍﻁﻥ‬ ‫ﺇﻟﻴﻪ‬. - ٢٥ -
  • 30. ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺘﺒﺎﻁﺅ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺘﺤﺩﻴﺎﺕ‬ ‫ﻫﺫﻩ‬ ‫ﺃﻜﺒﺭ‬ ‫ﻭﺘﺘﻤﺜل‬ ‫ﺍﻟﻤﻁﻠﻭﺒ‬ ‫ﺍﻟﻤﺴﺘﻭﻴﺎﺕ‬ ‫ﻋﻥ‬ ‫ﹰ‬‫ﺍ‬‫ﻜﺜﻴﺭ‬ ‫ﺘﻘل‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺇﻟﻰ‬ ‫ﻟﻴﺼل‬‫ﻋﻤل‬ ‫ﻓﺭﺹ‬ ‫ﻟﺘﻭﻓﻴﺭ‬ ‫ﺔ‬ ‫ﺇﺭﺘﻔﺎﻉ‬ ‫ﺍﻟﻭﻗﺕ‬ ‫ﻨﻔﺱ‬ ‫ﻭﻓﻰ‬ ،‫ﻭﺍﻟﺘﻀﺨﻡ‬ ‫ﺍﻟﺒﻁﺎﻟﺔ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻭﺇﺭﺘﻔﺎﻉ‬ ،‫ﻟﻠﻤﻭﺍﻁﻨﻴﻥ‬ ‫ﺇﻟﻰ‬ ‫ﺒﺎﻹﻀﺎﻓﺔ‬ ،‫ﻤﺴﺘﻘﺭﺓ‬ ‫ﻏﻴﺭ‬ ‫ﻤﺴﺘﻭﻴﺎﺕ‬ ‫ﺇﻟﻰ‬ ‫ﻟﻠﺩﻭﻟﺔ‬ ‫ﺍﻟﻌﺎﻤﺔ‬ ‫ﺍﻟﻤﻭﺍﺯﻨﺔ‬ ‫ﻋﺠﺯ‬ ‫ﻤﻭﺍﺭﺩ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻤﺎﻀﻴﺔ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬ ‫ﺍﻹﻋﺘﻤﺎﺩ‬ ‫ﻤﻊ‬ ‫ﺍﻟﺼﺭﻑ‬ ‫ﺴﻌﺭ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻟﻀﻐﻭﻁ‬ ‫ﻓ‬ ‫ﺍﻟﺨﺎﺭﺠﻴﺔ‬ ‫ﺍﻟﻤﻌﺎﻤﻼﺕ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺘﻭﺍﺯﻥ‬ ‫ﻟﺘﺤﻘﻴﻕ‬ ‫ﺇﺴﺘﺜﻨﺎﺌﻴﺔ‬‫ﻤﺤﺩﻭﺩﻴﺔ‬ ‫ﻀﻭﺀ‬ ‫ﻰ‬ ‫ﻭﺍﻟﺘﺭﺍﺠﻊ‬ ‫ﺍﻷﺠﻨﺒﻴﺔ‬ ‫ﺍﻷﻤﻭﺍل‬ ‫ﻭﺭﺅﻭﺱ‬ ‫ﺍﻟﻤﺒﺎﺸﺭﺓ‬ ‫ﺍﻷﺠﻨﺒﻴﺔ‬ ‫ﺍﻹﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﺘﺩﻓﻘﺎﺕ‬ ‫ﺍﻟﺴﻴﺎﺤﺔ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺤﺎﺩ‬. ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻷﺩﺍﺀ‬ ‫ﺘﻁﻭﺭﺍﺕ‬ ‫ﺘﻌﻜﺱ‬ ‫ﺍﻟﺘﻰ‬ ‫ﺍﻟﻤﺅﺸﺭﺍﺕ‬ ‫ﺃﻫﻡ‬ ‫ﻴﻠﻰ‬ ‫ﻭﻓﻴﻤﺎ‬ ‫ﻭﺍﻟﻤﺎﻟﻰ‬: ١-‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺇﻨﺨﻔﺎﺽ‬ ‫ﺍﻟﻤـﺎﻟﻰ‬ ‫ﺍﻟﻌﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻷﻭل‬ ‫ﺍﻟﻨﺼﻑ‬ ‫ﺒﻴﺎﻨﺎﺕ‬ ‫ﺘﺸﻴﺭ‬٢٠١٣/٢٠١٤‫ﺇﻟـﻰ‬ ‫ﺘﺤﻘﻴ‬‫ﻗﺩﺭﻩ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩل‬ ‫ﻕ‬١,٢%‫ﻤﻌـﺩل‬ ‫ﻭﻫﻭ‬ ‫ﺍﻹﺠﻤﺎﻟﻰ‬ ‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﻟﻠﻨﺎﺘﺞ‬ ‫ﹰ‬‫ﺍ‬‫ﺘـﺄﺜﺭ‬ ‫ﻭﺫﻟﻙ‬ ،‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻤﺘﺎﺤﺔ‬ ‫ﺍﻟﻁﺎﻗﺎﺕ‬ ‫ﻋﻥ‬ ‫ﻜﺒﻴﺭ‬ ‫ﺒﺸﻜل‬ ‫ﻴﻨﺨﻔﺽ‬ ‫ﺍﻟﺼﻨﺎﻋﺎﺕ‬ ‫ﻗﻁﺎﻋﻰ‬ ‫ﻭﺘﺤﻘﻴﻕ‬ ‫ﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﻤﻌﻅﻡ‬ ‫ﻓﻰ‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﻤﻌﺩل‬ ‫ﺒﺘﺭﺍﺠﻊ‬ ‫ﺍﻻﻨﺘﻘـﺎل‬ ‫ﺒﻤﺭﺍﺤل‬ ‫ﹰ‬‫ﺍ‬‫ﺘﺄﺜﺭ‬ ‫ﺴﺎﻟﺒﺔ‬ ‫ﻨﻤﻭ‬ ‫ﻟﻤﻌﺩﻻﺕ‬ ‫ﻭﺍﻟﺴﻴﺎﺤﺔ‬ ‫ﺍﻹﺴﺘﺨﺭﺍﺠﻴﺔ‬ ‫ﻋﻠﻰ‬ ‫ﺫﻟﻙ‬ ‫ﻭﺍﻨﻌﻜﺎﺱ‬ ‫ﺍﻟﺴﻴﺎﺴﻰ‬‫ﺃﺼـﺤﺎﺏ‬ ‫ﻭﺘﺨـﻭﻑ‬ ‫ﺍﻷﻤﻨﻴـﺔ‬ ‫ﺍﻷﺤﻭﺍل‬ ‫ﺍﻟﻤﺘﻭﺴﻁ‬ ‫ﺍﻟﻤﺩﻯ‬ ‫ﻋﻠﻰ‬ ‫ﺍﻻﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻟﻭﻀﻊ‬ ‫ﻤﻥ‬ ‫ﺍﻷﻤﻭﺍل‬ ‫ﺭﺅﻭﺱ‬. - ٢٦ -
  • 31. ‫ﺒﻨﺤﻭ‬ ‫ﺍﻟﺴﻴﺎﺤﺔ‬ ‫ﻗﻁﺎﻉ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩل‬ ‫ﺘﺭﺍﺠﻊ‬ ‫ﻓﻘﺩ‬٣٠%‫ﻤﻌﺩل‬ ‫ﺘﺭﺍﺠﻊ‬ ‫ﻜﻤﺎ‬ ، ‫ﺒﻨﺴﺒﺔ‬ ‫ﺍﻹﺴﺘﺨﺭﺍﺠﻴﺔ‬ ‫ﺍﻟﺼﻨﺎﻋﺎﺕ‬ ‫ﻨﻤﻭ‬٤) %‫ﻭﺨﺎﺼﺔ‬‫ﺍﻟﻐﺎﺯ‬ ‫ﺇﺴﺘﺨﺭﺍﺝ‬ ‫ﻗﻁﺎﻉ‬ ‫ﺍﻟﻁﺒﻴﻌﻰ‬‫ﺘﺭﺍﺠﻊ‬ ‫ﻭﺍﻟﺫﻯ‬‫ﺒﻨﺴﺒﺔ‬٨,٢%‫ﺍ‬ ‫ﻤﻌﺩل‬ ‫ﻓﻲ‬ ‫ﺴﻠﺒﻰ‬ ‫ﺒﺸﻜل‬ ‫ﹰ‬‫ﺎ‬‫ﻤﺴﻬﻤ‬‫ﻟﻨﻤﻭ‬ ‫ﺨﻼل‬ ‫ﺍﻟﻤﺤﻘﻕ‬‫ﺇﻟﻴﻬﺎ‬ ‫ﺍﻟﻤﺸﺎﺭ‬ ‫ﺍﻟﻔﺘﺭﺓ‬(‫ﺍﻹﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﺤﺠﻡ‬ ‫ﺇﻨﺨﻔﺎﺽ‬ ‫ﻀﻭﺀ‬ ‫ﻓﻰ‬ ‫ﻟﻠﺸﺭﻜﺎﺀ‬ ‫ﺍﻟﻤﺴﺘﺤﻘﺔ‬ ‫ﺍﻟﻤﺘﺄﺨﺭﺍﺕ‬ ‫ﺤﺠﻡ‬ ‫ﻭﺯﻴﺎﺩﺓ‬ ‫ﺍﻟﻘﻁﺎﻉ‬ ‫ﻫﺫﺍ‬ ‫ﻓﻰ‬ ‫ﺍﻷﺠﻨﺒﻴﺔ‬ ‫ﺍﻟﺒﺘﺭﻭل‬ ‫ﻫﻴﺌﺔ‬ ‫ﻁﺭﻑ‬ ‫ﺍﻷﺠﺎﻨﺏ‬.‫ﻟﺴﺩﺍﺩ‬ ‫ﺒﺭﻨﺎﻤﺞ‬ ‫ﺘﻨﻔﻴﺫ‬ ‫ﺍﻟﺤﻜﻭﻤﺔ‬ ‫ﺒﺩﺃﺕ‬ ‫ﻭﻗﺩ‬ ‫ﺩﻴﺴﻤﺒﺭ‬ ‫ﻤﻨﺫ‬ ‫ﺍﻷﺠﺎﻨﺏ‬ ‫ﻟﻠﺸﺭﻜﺎﺀ‬ ‫ﺍﻟﻤﺘﺄﺨﺭﺍﺕ‬٢٠١٣‫ﺍﻟﻤﻭﻗﻑ‬ ‫ﺘﺤﺴﻥ‬ ‫ﻭﻤﻊ‬ ، ‫ﺍﻟﻤﺎﻟﻰ‬‫ﺍﻟﻘﻁﺎﻉ‬ ‫ﺩﺍﺨل‬ ‫ﺃﺨﺭﻯ‬ ‫ﻤﺭﺓ‬ ‫ﺍﻹﺴﺘﺜﻤﺎﺭﺍﺕ‬ ‫ﻋﻭﺩﺓ‬ ‫ﺍﻟﻤﻨﺘﻅﺭ‬ ‫ﻓﻤﻥ‬ ‫ﻟﻠﻬﻴﺌﺔ‬ ‫ﺍﻟﻘﺎﺩﻤﺔ‬ ‫ﺍﻟﻔﺘﺭﺓ‬ ‫ﺨﻼل‬. - ٢٧ -
  • 32. ،‫ﺁﺨﺭ‬ ‫ﻨﺤﻭ‬ ‫ﻭﻋﻠﻰ‬‫ﻜﻼ‬ ‫ﻴﻌﺘﺒﺭ‬‫ﻗﻁﺎﻋ‬ ‫ﻤﻥ‬‫ﻰ‬‫ﺍﻟﺯﺭﺍﻋﺔ‬‫ﻭ‬‫ﺍﻟﻌﺎﻤـﺔ‬ ‫ﺍﻟﺤﻜﻭﻤﺔ‬ ‫ﻟﻠﻨﻤﻭ‬ ‫ﺍﻟﻤﺤﺭﻜﺔ‬ ‫ﺍﻟﻘﻁﺎﻋﺎﺕ‬ ‫ﺃﻫﻡ‬ ‫ﻤﻥ‬‫ﺍﻟﻤـﺎﻟﻰ‬ ‫ﺍﻟﻌـﺎﻡ‬ ‫ﻤﻥ‬ ‫ﺍﻷﻭل‬ ‫ﺍﻟﻨﺼﻑ‬ ‫ﺨﻼل‬ ‫ﺍﻟﺠﺎﺭﻯ‬‫ﺒـ‬ ‫ﺘﻘﺩﺭ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﺴﺠﻼ‬ ‫ﺤﻴﺙ‬ ،٣,٥%‫ﻭ‬٥,٥%‫ﺍﻟﺘـﻭﺍ‬ ‫ﻋﻠﻰ‬‫ﻟﻰ‬ )‫ﺒﻨﺤﻭ‬ ‫ﺍﻟﻤﺤﻠﻰ‬ ‫ﺍﻟﻨﺎﺘﺞ‬ ‫ﻨﻤﻭ‬ ‫ﻓﻲ‬ ‫ﺴﺎﻫﻡ‬ ‫ﻤﻤﺎ‬٠,٦‫ﻭ‬٠,٥‫ﻋﻠـﻰ‬ ‫ﻤﺌﻭﻴـﺔ‬ ‫ﻨﻘﻁﺔ‬ ‫ﺍﻟﺘﻭﺍﻟﻰ‬(‫ﻜﻤﺎ‬ ،‫ﻗﻁﺎﻋ‬ ‫ﺸﻬﺩ‬‫ﺎ‬‫ﻏﻴﺭ‬ ‫ﺍﻟﺘﺤﻭﻴﻠﻴﺔ‬ ‫ﺍﻟﺼﻨﺎﻋﺎﺕ‬‫ﺍﻟ‬‫ﻭﺍﻟﺘـﺸﻴﻴﺩ‬ ‫ﺒﺘﺭﻭﻟﻴﺔ‬ ‫ﺘﺒﻠﻎ‬ ‫ﻨﻤﻭ‬ ‫ﻤﻌﺩﻻﺕ‬ ‫ﻭﺍﻟﺒﻨﺎﺀ‬٢,٣%‫ﻭ‬٣,٩) %‫ﻤـﺴﺎﻫﻤﺔ‬ ‫ﺒﻨﺴﺏ‬٠,٣‫ﻭ‬٠,٢ ‫ﻤﺌﻭﻴﺔ‬ ‫ﻨﻘﻁﺔ‬(‫ﺍﻟﺘﻭﺍﻟﻰ‬ ‫ﻋﻠﻰ‬. ‫ﺘﺩﺭ‬ ‫ﺍﻹﻗﺘﺼﺎﺩﻯ‬ ‫ﺍﻟﻨﻤﻭ‬ ‫ﻤﻌﺩل‬ ‫ﻴﺭﺘﻔﻊ‬ ‫ﺃﻥ‬ ‫ﺍﻟﻤﺘﻭﻗﻊ‬ ‫ﻭﻤﻥ‬‫ﻋـﻭﺩﺓ‬ ‫ﻤـﻊ‬ ‫ﹰ‬‫ﺎ‬‫ﻴﺠﻴ‬ ‫ﺨـﻼل‬ ‫ﻟﻴﺭﺘﻔـﻊ‬ ‫ﺍﻟﻤﺼﺭﻯ‬ ‫ﺍﻹﻗﺘﺼﺎﺩ‬ ‫ﻓﻰ‬ ‫ﺍﻟﺜﻘﺔ‬ ‫ﻭﻤﻌﺩﻻﺕ‬ ‫ﺍﻟﺴﻴﺎﺴﻰ‬ ‫ﺍﻹﺴﺘﻘﺭﺍﺭ‬ ‫ﺍﻟﻤﺎﻟﻰ‬ ‫ﺍﻟﻌﺎﻡ‬٢٠١٤/٢٠١٥‫ﻨﺤﻭ‬ ‫ﺇﻟﻰ‬٣,٢.% - ٢٨ -