Egypt’s Prime Minister Moustafa Madbouli has emphasised that the state places utmost importance on securing sufficient financing to meet the country’s essential needs.
This is being achieved through partnerships with the business community, enhancing public services, and implementing a balanced fiscal policy aimed at fostering economic growth while maintaining financial and economic stability, the premier said during a follow-up meeting on Sunday with Minister of Finance Ahmed Kouchouk.
During the meeting, Kouchouk highlighted the central goal of ensuring adequate funding for the state’s core requirements. He reaffirmed commitment to expenditure rationalisation measures, while directing additional resources to certain entities to enhance their flexibility and capacity to respond effectively to exceptional circumstances.
The minister also stressed full coordination between the Ministries of Finance and Investment and Foreign Trade to safeguard the continuity and efficiency of trade operations through ports and customs outlets, ensuring smooth commodity flows and stable supply chains for essential goods.
Regarding the 2026/2027 fiscal year budget, Kouchouk explained that it was structured according to clear priorities to be balanced and flexible, with provisions and allocations designed to maintain fiscal stability, stimulate growth, improve services for citizens and investors, and preserve significant reserves to mitigate potential risks.
Kouchouk also reviewed a package of draft laws previously approved by the Cabinet, which will be referred to Parliament for discussion and ratification. The measures aim at enhancing the business environment, with a particular focus on tax facilitation packages to reduce taxpayer burdens, encourage investment, and expand the tax base.
The minister provided an update on ongoing economic reform measures implemented in close coordination with the Central Bank of Egypt, emphasising that these initiatives are designed to strengthen macroeconomic stability, improve financial and monetary performance, and build a more resilient economy capable of absorbing external shocks.
