Egypt Cuts Energy Subsidies to EGP 120 Billion in 2026/2027 Budget
Egypt reduced energy subsidy allocations to about 120 billion pounds ($2.28 billion) in the draft budget for the 2026/2027 fiscal year, down from about 150 billion pounds ($2.85 billion) in the current fiscal year. According to According to the Ministry of Finance statement on Saturday, April 11. The approximately 20 percent reduction comes as part … Read more