The report’s release coincides with the start of an International Monetary Fund (IMF) mission visit on Monday to begin discussions on the fifth and sixth reviews of the outstanding $8 billion Extended Fund Facility (EFF) and the first review of the $1.3 billion Resilience and Sustainability Facility (RSF).

Below are the key indicators highlighted in the report:

GDP and growth

• Annual GDP growth FY2024/2025: 4.4 percent (exceeded 4.2 percent target).
• Fourth quarter (4Q) of FY2024/2025 quarterly growth: 5.0 percent (vs. 2.4 percent prior year 4Q).
• Real GDP in 4Q of FY2024/2025 totals EGP 2.16 trillion. ​
• GDP at market prices (Jul-Mar 2024/2025): EGP 13,7 billion (+32.5 percent Y-o-Y).
• Key sector growth in FY2024/2025: Non-oil manufacturing (14.7 percent), tourism/hotels (17.3 percent), communications/IT (13.8 percent).

Tax revenues (Jul-Oct FY2025/2026​

• Income taxes: EGP 205.5 billion (+45.6 percent; corporate profits EGP 120.7 billion, salaries EGP 55.9 billion).
• Value Added Tax (VAT): EGP 333.3 billion (+27.6 percent; goods EGP 188.2 billion, services EGP 45.6 billion).
• Property taxes: EGP 157.3 billion (+32.3 percent; T-bills/bonds interest EGP 146.5 billion).
• Excises (domestic commodities): EGP 61.8 billion (+32.2 percent).
• International trade taxes: EGP 47.1 (+18.9 percent).
• Other taxes: EGP 13.6 billion.
• Sovereign authorities: 187.5 (+30.5 percent).
• Non-sovereign authorities: EGP 569.3 billion (+36.5 percent).

Detailed expenditures (Jul-Oct FY 2025/2026)

• Wages/Compensation: EGP 213.2 billion (+8.2 percent).
• Goods/Services: EGP 50.2 billion (maintenance EGP 7.6 billion, various services EGP 11.6 billion).
• Interest payments: EGP 899 billion.
• Subsidies/grants/social benefits: EGP 220.5 billion (+31.2 percent, pensions EGP 64.8 billion, Takaful and Karama EGP 14 billion).
• Non-financial assets (Investments): EGP 69.8 billion (+64 percent) (ceiling EGP 1.2 trillion for current FY2025/2026).

Government debt

Egypt's overall debt declined to 85.6 percent of GDP at the end of June 2025, down from a peak of 100.9 percent of GDP in June 2017. This comprises domestic debt at 63.3 percent of GDP and external debt at 22.3 percent of GDP.

Historical breakdown

• June 2024: Total debt accounted for 89.4 percent of GDP; local debt (62.3 percent of GDP); external debt (27.1 percent of GDP).
• June 2020: Total debt accounted for 80.9 percent of GDP; domestic debt (63.4 percent of GDP); external debt (17.5 percent of GDP).

The debt trajectory shows domestic debt peaking at 84.1 percent of GDP (Jun 2017), falling to 62.3-63.3 percent by 2024-2025, while external debt rose from 16.8 percent (2017) to 27.1 percent (2024) before easing to 22.3 percent (2025).

Average maturity of the budget sector debt portfolio stabilized around 3.0-3.5 years from FY2017/2018 to 2023/2024.

External sector and trade

• Current account deficit FY2024/2025: $15.4 billion (-25.9 percent Y-o-Y).
• Remittances (Jan-Sep 2025): $30.2 billion (+45.1 percent; Sep: $3.6 billion +30.9 percent).
• Tourism revenues: +21 percent Y-o-Y.
• Non-oil exports: +38.9 percent Y-o-Y.
• Net foreign assets (Aug 2025): $17.9 billion (CBE/commercial banks).

Monetary and inflation

• Urban headline inflation (Oct 2025): 12.5 percent (vs. 26.5 percent October 2024).
• Core inflation (October 2025): 12.3 percent.
• Private sector credit growth (3Q of 2025): 14.5 percent.
• Policy Rates (Nov 2025): Overnight deposit 21 percent, lending 22 percent, main operation 21.5 percent. 

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