EGP 78B earmarked in Egypt's new budget to support key sectors

In a bid to bolster Egypt’s economic resilience and global competitiveness, EGP 78 billion has been earmarked in the new budget to support key sectors such as tourism, industry, production, and exports. This investment, announced by Deputy Minister of Finance Ahmed Kouchouk, is part of a broader strategic vision to drive growth through targeted support of value-generating sectors.

Kouchouk expressed confidence in the trajectory of Egypt’s economy, noting that the outlook has markedly improved and is poised for balanced and measurable progress over the next four years. He emphasized that the government is working in a coordinated manner to maintain a secure economic course, centered on stimulating domestic production and expanding exports.

During a roundtable discussion with more than 60 international investors, hosted by Morgan Stanley on the sidelines of the IMF and World Bank Spring Meetings in Washington, Kouchouk highlighted the strength of Egypt’s recent financial performance. He described the past nine months’ economic and fiscal indicators as "very positive and reassuring," reinforcing the government's commitment to ongoing reform efforts.

He also pointed to a new framework within the national budget that includes medium-term financial and economic targets. These benchmarks focus on maintaining a primary surplus, reducing the overall budget deficit, and easing the debt-to-GDP ratio—key measures aimed at ensuring macroeconomic stability.

To create more room for inclusive development, Kouchouk reaffirmed Egypt’s adherence to strict ceilings on general government debt, public investments, and guarantees. This fiscal discipline, he said, will help unlock resources for economic, social, and human development.

Moreover, the government is taking steps to reform the tax system through a modernized approach grounded in trust and cooperation with the private sector. Kouchouk underscored efforts to broaden the tax base and build a stable environment of transparency and partnership between tax authorities and the business community—laying the groundwork for a more dynamic, investor-friendly economy.