Egypt allocates EGP 90bn in new budget to boost production and exports

31 Mwezi wa tano, 2026

Imeripotiwa na AI

Egypt’s Finance Minister Ahmed Kouchouk announced that EGP 90bn has been allocated in the 2026/2027 fiscal year budget to support production, exports, and entrepreneurship.

The allocations include EGP 48bn for export rebate payments and EGP 7bn for the tourism sector. The government has also set aside EGP 6bn in financing facilities for productive sectors to strengthen industrial and agricultural capacities.

The budget provides EGP 5bn to support small businesses and entrepreneurship, EGP 5bn for the automotive industry, and another EGP 5bn to incentivise priority industries.

Kouchouk stated that the new budget reflects a strategic push to reinforce Egypt’s production base, enhance competitiveness in global markets, and stimulate innovation and private-sector growth.

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Jumanne, 21. Mwezi wa saba 2026, 23:33:08