File Photo: A general view of Cairo, Egypt. AFP
The budget targets a record primary surplus of five percent of GDP and a lower overall fiscal deficit as the government seeks to maintain economic stability and support growth.
Finance Minister Ahmed Kouchouk said the budget reflects the government's fiscal priorities of maintaining macroeconomic stability, boosting production and exports, and expanding support for citizens, while continuing efforts to strengthen public finances.
"Our fiscal policies and priorities are driving economic stability, encouraging production and exports, and providing greater support to citizens," Kouchouk said.
He added that "every citizen contributes to the state budget, directly or indirectly, and should see that reflected in better public services."
The FY2026/2027 budget, which takes effect on 1 July 2026, projects revenues of EGP 4.1 trillion, up 32 percent year-on-year, while public expenditure is expected to reach EGP 5.2 trillion, an increase of 13 percent compared with the previous fiscal year.
The minister said the government remains committed to prudent fiscal management by maintaining adequate reserves to address potential risks while directing spending toward programmes that deliver greater economic and social impact.
Health, education, and social protection remain at the centre of the new budget, with allocations for the health sector increasing by 30 percent and education spending rising by 20 percent to support investment in human capital.
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