Prime Minister Moustafa Madbouli met on Tuesday with Minister of Finance Ahmed Kouchouk to review a number of key ministry portfolios and fiscal priorities.
At the outset of the meeting, the prime minister underscored the government’s readiness to begin implementing the FY2026/27 state budget following its approval by the House of Representatives, describing the budget as a reflection of the state’s priorities in supporting economic stability and advancing sustainable development.
Prime Minister Madbouli stressed that the new budget is designed to consolidate macroeconomic stability, stimulate production and exports, encourage investment, enhance the competitiveness of the Egyptian economy, and provide greater support to productive sectors.
He added that the government’s overarching objective is to provide stronger support for citizens by adequately financing essential public needs while directing public spending towards more efficient programmes and initiatives that deliver tangible improvements in the quality of public services.
Finance Minister Kouchouk affirmed that healthcare, education and social protection will remain the government’s foremost spending priorities this fiscal year and in the years ahead. He also stressed that the government will continue facilitating business activity and improving services for citizens through the implementation of tax, customs and real estate facilitation packages aimed at reducing administrative burdens and promoting investment.
The finance minister also reviewed key preliminary indicators from the final accounts of the FY2025/26 state budget, noting that the results reflect the resilience of the Egyptian economy despite the significant challenges posed by ongoing regional crises and their economic repercussions.
Kouchouk also highlighted the House of Representatives’ final approval of amendments to certain provisions of the Income Tax Law (Law No. 91 of 2005).
The meeting also reviewed financing arrangements for the Egyptian Authority for Unified Procurement, Medical Supply and the Management of Medical Technology. Kouchouk stated that the FY2026/27 budget allocates LE90.5 billion to the authority, representing an annual increase of 34.6%, to support the procurement of medicines and medical supplies for the healthcare sector.
He added that the Ministry of Finance continues to monitor the settlement of outstanding payments owed to suppliers working with the Unified Procurement Authority, in order to maintain the financial stability of supplier companies and ensure the uninterrupted operation of medical supply chains.
