Prime Minister Moustafa Madbouly said the government is ready to begin implementing the FY2026/27 state budget following its approval by the House of Representatives, describing it as a key step toward advancing economic stability and sustaining development. Madbouly made the remarks during a meeting on Tuesday, June 30, 2026, at the government headquarters in the New Administrative Capital with Finance Minister Ahmed Kouchouk to review a number of key fiscal and economic files.
He said the new budget is designed to strengthen macroeconomic stability, stimulate production and exports, attract investment, enhance the competitiveness of the Egyptian economy, and support productive sectors. The prime minister added that the government's primary objective is to provide greater support to citizens by ensuring funding for essential needs while directing public spending toward more efficient programs and initiatives that deliver tangible improvements in public services and quality of life.
For his part, Kouchouk said health, education, and social protection will remain the government's top spending priorities this fiscal year and in the years ahead. He added that the government will continue implementing tax, customs, and real estate facilitation packages to ease procedures for investors and citizens.
The finance minister reviewed key indicators from the final accounts of the FY2025/26 state budget, describing them as positive and indicative of the Egyptian economy's resilience despite significant challenges, particularly the repercussions of regional crises.
He also highlighted the House of Representatives' final approval of amendments to certain provisions of the Income Tax Law No. 91 of 2005. Kouchouk said the amendments are intended to complete the second package of tax facilitation measures by modernizing the tax system, simplifying procedures, enhancing tax certainty, improving the investment climate, boosting capital market competitiveness, supporting economic activity, reducing tax disputes, and easing administrative burdens on taxpayers.
The meeting also reviewed arrangements to secure financing for the Egyptian Authority for Unified Procurement, Medical Supply and the Management of Medical Technology. Kouchouk said the FY2026/27 budget earmarks EGP 90.5 billion for the authority, up 34.6% year-on-year, to support the provision of medicines and medical supplies to the healthcare sector.
He added that the government is continuing to monitor the settlement of outstanding payments owed to the authority's suppliers to safeguard their financial stability and ensure the uninterrupted flow of medical supplies.