Finance Minister Ahmed Kouchouk announced EGP 80bn allocated in the FY2026/2027 budget for programs supporting production, manufacturing, entrepreneurship, and exports. The allocation includes EGP 48bn for export rebate schemes and EGP 6.7bn for the tourism sector. Presenting the draft budget to parliament, he projected public revenues at EGP 4trn.
Finance Minister Ahmed Kouchouk presented the draft FY2026/2027 budget statement to parliament, stating that EGP 80bn has been allocated to programs aimed at supporting production, manufacturing, entrepreneurship, and exports of goods and services. This includes EGP 48bn for export rebate schemes, EGP 6.7bn to support the tourism sector, and EGP 6bn in financing facilities for productive sectors.
Kouchouk projected targeted public revenues at EGP 4trn, a 30% increase, with expenditures reaching EGP 5.1trn, up 13.2%. He said the budget is designed to meet citizens' basic needs, improve public services, and support economic activity, while addressing risks through larger general reserves and reallocated spending aligned with national priorities.
Allocations include EGP 90.5bn to the Unified Procurement Authority, a 34.6% increase, for medicines and medical supplies; EGP 7.8bn for printing pre-university textbooks; and EGP 7bn for school nutrition programs. Public sector wages receive EGP 821bn, while subsidies and social protection total EGP 832.3bn, including EGP 178.3bn for food subsidies.
The government aims for a primary surplus of 5%, reducing the overall deficit to 4.9% of GDP and the debt-to-GDP ratio to 78% by June 2027. External debt is projected to decline by $1bn-2bn annually.
