The country’s budget policy also provides for rationalisation of public spending and fulfilment of social obligations
The Egyptian authorities have outlined the state’s fiscal policy priorities for the 2026–2027 period. President Abdel Fattah El-Sisi held a meeting with Prime Minister Mostafa Madbouly and Minister of Finance Ahmed Kouchouk, as reported by Daily News Egypt, a partner of TV BRICS.
Among the key budget targets for this period are ensuring economic growth of 5.4 per cent and achieving a primary surplus of approximately US$24 billion.
Special attention is being paid to strengthening partnerships with the business community. The authorities will continue structural reforms aimed at increasing economic stability and supporting private sector-led growth.
The government is actively working to stimulate production and exports through an investment-friendly fiscal policy. Measures include further simplification of taxation, customs procedures and facilitation of solutions in the real estate sector.
In addition, Abdel Fattah El-Sisi stressed the need to attract more domestic and foreign investment, as well as to engage directly with international investors by informing them about Egypt’s economic policy directions.
The Minister of Finance emphasised that around approximately US$1.7 billion will be allocated to projects that will have a tangible impact on the country’s development. Plans also include maintaining energy subsidies. Ahmed Kouchouk noted that improvements in public debt servicing indicators are expected to be achieved through ongoing efforts to reduce the debt-to-GDP ratio.
The government plans to increase spending on healthcare and education, as well as raise wages for teachers and public sector employees. Real wage growth is expected to outpace inflation and will be directly linked to performance indicators.
The President particularly emphasised the importance of institutional reforms to strengthen fiscal discipline and governance, including rationalising public spending and increasing revenues.
African Times published this article in partnership with International Media Network TV BRICS
