Finance Minister Ahmed Kojok hailed the new state budget after its final approval by the House of Representatives, describing it as “balanced and ambitious” and thanking partners and lawmakers for their contributions. He stressed that every citizen contributes directly or indirectly to the budget and must see improvements in services.
The budget targets revenues of 4.1 trillion pounds, up 32%, and expenditures of 5.2 trillion pounds, up 13%. Kojok emphasized strict fiscal management, larger reserves to face risks, and directing funds to more efficient programs that impact citizens’ lives.
Health and education are top priorities, with allocations rising 30% and 20% respectively. The plan includes 90.5 billion pounds for medical supplies, 7.8 billion for schoolbooks, and 7 billion for student meals. Wages for state employees will reach 822.8 billion pounds, with July salaries paid at new rates. Social protection spending will rise to 836.8 billion pounds, including 178.3 billion for food subsidies and 55.3 billion for programs such as Takaful and Karama.
Other allocations include 120 billion pounds for energy, 13 billion for housing, 4.3 billion for upgrading informal areas, and 69.1 billion for local wheat purchases. The government also earmarked 80 billion pounds to support production, exports, and entrepreneurship, with 48 billion for export rebates and 6.7 billion for tourism.
Egypt aims to achieve a 5% primary surplus, cut the overall deficit to 4.9%, reduce debt-to-GDP to 78% by June 2027, and lower external debt by $1–2 billion annually. Kojok said the state remains committed to easing burdens on citizens while boosting investment and private sector partnership.
