Egypt aims to increase the funding available for social protection and economic activities to EGP 4.8 trillion by fiscal year (FY) 2029/2030, up from approximately EGP 2.3 trillion in the previous fiscal year, Minister of Finance Ahmed Kouchouk said.

Interest payments on public debt amounted to EGP 1.631 trillion in the first eight months of fiscal year (FY) 2025/2026

In today’s world, where knowledge and innovation primarily drive economic growth, the strategic allocation of public funds to education is paramount. Egypt, a nation with a young and rapidly growing population, has recently demonstrated a significant commitment to this principle.

The Egyptian cabinet approved a draft decision to rationalize investment spending by 15% under the economic development plan for the current fiscal year (FY) 2023/2024.

Egypt’s total budget deficit shrank to 6% of the gross domestic product (GDP) during the fiscal year (FY) 2022/2023, Minister of Finance Mohamed Maait revealed.

The Egyptian cabinet has endorsed a draft resolution on the rationalization of the government spending for the fiscal year (FY) 2023/2024 amid the current foreign currency shortage.