Minister of Finance Ahmed Kouchouk said that the new budget for fiscal year 2026/2027 is designed to build an economy that is more capable of achieving strong and balanced growth, while also being more responsive to the needs of both citizens and investors. In a statement on Sunday, May 31, 2026, Kouchouk said EGP 90 billion has been allocated in the new budget to expand programs supporting production, service and merchandise exports and entrepreneurship activities.
He noted that EGP 48 billion has been earmarked for export rebate programs, while nearly EGP 7 billion has been allocated to support the tourism sector. The minister added that EGP 6 billion has been set aside in financing facilities for productive sectors to enhance Egypt’s industrial and agricultural capabilities.
He also said that EGP 5 billion has been allocated to support small business activities and entrepreneurship, in addition to another EGP 5 billion to support the automotive industry and EGP 2 billion to incentivize priority industries. Egypt advises citizens to postpone travel to Ebola-hit regions amid global alert Egypt advises citizens to postpone travel to Ebola-hit regions amid global alert