Egypt’s New Budget Targets Growth, Stability, and Partnership with Business Community

Egypt’s Finance Minister Ahmed Kouchouk unveiled the government’s new budget for fiscal year 2025/26, describing it as a “budget for all Egyptians” that prioritizes growth, stability, and stronger collaboration with the business community.

Speaking at the launch of the 12th edition of the Citizen’s Budget Report, a simplified version of the state budget aimed at enhancing financial transparency and public engagement, Kouchouk said the new fiscal plan reflects “a societal vision that stems from the pulse of the Egyptian citizen.”

He emphasized that Egypt’s continued publication of the Citizen’s Budget over 12 consecutive years underscores the Finance Ministry’s commitment to transparency and its effort to “build bridges of trust with society.”

Kouchouk highlighted that the government will introduce a new package of tax facilities designed to support business activity and stimulate economic growth. “Every pound spent from the budget is a message of support to the Egyptian citizen,” he said, stressing that the budget aims to balance support for the private sector with expanded social safety nets.

The plan places strong emphasis on human development, with continued investments in health and education, which Kouchouk described as “investments in both the present and the future.”

Amid persistent inflationary pressures, the new budget seeks to strengthen social protection measures, ensuring they are more targeted toward those most in need, including children, women, the elderly, and youth.

“The current budget targets initiatives with the greatest impact on people’s lives,” Kouchouk explained, adding that the government’s approach is to raise spending efficiency in line with citizens’ priorities and ensure a fair distribution of the benefits of development.

The Finance Minister said the government will continue to provide sufficient support to vulnerable sectors and households to help the economy maintain momentum despite external challenges.

He described the Citizen’s Budget Report as a tool to foster effective communication with the public by presenting key economic, social, and developmental priorities in a simplified format.

“Our message is clear,” Kouchouk concluded. “Together, we are building a strong and balanced economy.”