The Egyptian Council of Ministers has consent The state’s general budget for the fiscal year 2026/2027, according to a statement by the Egyptian Council of Ministers, Thursday, March 26.
The budget that was Reviewed The project, which was issued by President Abdel Fattah El-Sisi before its approval, includes allocations for 65 public economic bodies, and forms part of the country’s broader economic and social development plan.
Finance Minister Ahmet Kucuk He said The new budget aims to support citizens and investors while maintaining the momentum of economic activity.
Public spending will continue to prioritize key sectors including healthcare, education and social protection, along with initiatives to boost production and exports. The government also indicated that it will maintain a degree of flexibility in managing potential economic risks.
The draft outlines the expected outlines He increases In public revenues by 27.6%, bringing total revenues to 4 trillion pounds ($75.9 billion). Government spending is also expected to rise by 13.2% to reach 5.1 trillion pounds ($96.8 billion).
Social protection remains a key component of the budget, with EGP 832.3 billion (US$15.8 billion) allocated to support vulnerable groups, representing a 12% annual increase.
In parallel, 90 billion Egyptian pounds (US$1.7 billion) were allocated to programs aimed at stimulating economic activity, with financial incentives linked to measurable results.
The government also aims to achieve a primary surplus of 1.2 trillion Egyptian pounds (US$22.8 billion), equivalent to 5% of GDP, as part of broader efforts to reduce debt and create fiscal space for public spending.
By June 2027, officials will be able to… Targeting The total deficit decreased to 4.9 percent of GDP, along with a decrease in public debt to about 78 percent of GDP.
The budget comes at a time when Egypt continues to achieve a balance between increasing spending needs and efforts to adjust public finances, while seeking to encourage private sector growth.