“Egypt’s draft State budget for the 2026/2027 fiscal year will prioritize human development through improving healthcare and education services, expanding social protection programmes and raising real wages for state employees,” Finance Minister Ahmed Kouchouk said.
In the government’s financial statement on the draft budget, Kouchouk said fiscal policy would also focus on simplifying procedures and broadening the tax base through new tax incentives and streamlined measures aimed at enhancing the competitiveness of the Egyptian economy.
He added that the measures were intended to support companies operating in Egypt across productive and service sectors, enabling them to increase exports, production and job creation, while improving income levels for citizens and enhancing services for both individuals and investors.
Kouchouk said the government was targeting a continued downward trend and sustained improvement in public debt indicators related to the state budget, alongside reducing debt servicing costs as a share of gross domestic product, revenues and expenditures, in order to redirect more resources toward development sectors.
He added that the draft budget seeks to strike a balance between preserving economic stability and steering the economy toward inclusive growth through a supportive environment for economic activity, investment, exports and technological advancement.