Egypt Approves New State Budget for 2026/2027

2026-03-27 - 14:31

Egypt’s cabinet has approved the state budget for the 2026/2027 fiscal year, according to a statement made by the Egyptian cabinet on Thursday 26 March. The budget, which was reviewed by President Abdel Fattah Al-Sisi ahead of its approval, includes allocations for 65 public economic authorities and forms part of the country’s wider economic and social development plan. Finance Minister Ahmed Kouchouk said the new budget is designed to support both citizens and investors, while maintaining momentum in economic activity. Public spending will continue to prioritise key sectors including healthcare, education, and social protection, alongside initiatives aimed at boosting production and exports. The government also signalled that it will maintain a degree of flexibility in managing potential economic risks. The draft outlines a projected increase in public revenues of 27.6 percent, bringing total revenues to EGP 4 trillion (USD 75.9 billion). Government spending is also expected to rise by 13.2 percent, reaching EGP 5.1 trillion (USD 96.8 billion). Social protection remains a central component of the budget, with EGP 832.3 billion (USD 15.8 billion) allocated to support vulnerable groups, marking a 12 percent annual increase. In parallel, EGP 90 billion... This content is for members only. Visit the site and log in/register to read.