Thursday 26/March/2026 – 04:19 PM
During its meeting today, chaired by Dr. Mostafa Madbouly, Prime Minister, the Council of Ministers approved… General budget of the state for the fiscal year 2026/2027, after presenting it to President Abdel Fattah El-Sisi, President of the Republic, which includes linking the budgets of 65 public economic bodies, and also approving the economic and social development plan for the fiscal year 2026/2027.
Ahmed Kouchouk, Minister of Finance, said that the new budget for the next fiscal year 2026/2027 favors the citizen and the investor and enhances economic activity, adding that health, education, social protection, and support for production and export are the top priorities for public spending.
He stressed: We are committed to hedging mechanisms to ensure flexible dealing with any potential challenges or risks.
Government debt indicators
The Minister said: We have four fiscal policy priorities that are integrated with the economic path that stimulates investment, and we continue to partner with the business community, working to achieve a balance between financial discipline and driving economic activity, improving all indicators of government debt and creating additional space for spending on everything that concerns citizens.
The Minister of Finance added: We target a 27.6% increase in public revenues to reach 4 trillion pounds, and a 13.2% increase in expenditures to reach 5.1% trillion pounds, noting at the same time that 832.3 billion pounds have been allocated to social protection with an annual growth of 12% to support and care for the most needy groups.
The minister explained that 90 billion pounds were allocated in the new budget to programs to support economic activity, taking into account that entitlement to incentives is linked to tangible results on the ground, pointing out that we aim to achieve 1.2 trillion pounds as a primary surplus of 5% of the gross domestic product to provide additional credits for debt reduction and social protection. We also aim to reduce the total deficit by about 1.2% of the gross domestic product to reach 4.9% in June 2027, and to reduce the debt of budget agencies to the gross domestic product. Total by 78% by June 2027.
