File Photo: A general view shows a crowd and shops at Al Ataba, a market in central Cairo, Egypt. AFP
In this Factbox, Ahram Online outlines the key targets of the upcoming fiscal year, as well as the key objectives till FY2029/2030, which starts on 1 July 2030.
Egypt is currently under an Extended Fund Facility (EFF) Programme that funds the second wave of the country’s economic and structural reforms with a total loan amount of $8 billion.
The Programme is scheduled to conclude by 15 December 2026.
Growth targets:
* 5.4 percent GDP growth expected in FY2026/2027
* Up to 6.8 percent by FY2029/2030
* Conservative scenario: 5.2% next fiscal year.
Key growth drivers:
* Five real-economy sectors to contribute 64 percent of growth
* Manufacturing leads (29%), followed by trade (11.3 percent), tourism (9.3 percent), construction (7.2 percent), and agriculture (seven percent).
Investment outlook:
* Total investments projected at EGP 3.7 trillion
* Private sector share at 59 pecent, targeted to rise to 64 percent by 2030
* Investment-to-GDP ratio at 17 percent, rising to 20 percent by end of medium-term plan.
GDP projections:
* EGP 24.5 trillion in FY2026/2027
* EGP 36.8 trillion by FY2029/2030
Policy priorities:
* Improving living standards and quality of life
* Expanding private sector participation
* Boosting productivity and economic competitiveness
* Advancing digital transformation and innovation
Flagship initiatives:
* Decent Life (Haya Karima) initiative remains top priority
* Completion of phase one and launch of phase two in FY2026/2027
Human development focus:
* Health sector allocations up 25 percent, with emphasis on universal health insurance
* Pre-university education funding up 11.5 percent.
* Plans to establish 100 Egyptian-Japanese schools
* Rehabilitation of 1,000 technical schools with private sector participation.
Higher education and social protection:
* Higher education allocations up 11 percent
* Expansion of university hospital digitalisation
* Completion of 12 technological universities
* Social solidarity budget up 57 percent.
Infrastructure and services:
* Increased investments in utilities, water, sanitation, and energy.
* Expansion in social housing and renewable energy capacity.
Global context:
* Plan comes amid geopolitical tensions and global economic uncertainty
* Challenges include supply chain disruptions, inflation, and rising import costs
* Opportunities include import substitution, export growth, and tourism recovery.
Outlook:
* Government reaffirmed commitment to economic reform and sustainable development.
* Success to be measured by improved living standards and opportunities for future generations, not GDP growth alone.
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