Egypt’s Minister of Finance Dr. Ahmed Kouchouk announced that the timely approval of Egypt’s new state budget-just ahead of the close of the current fiscal year-demonstrates the government’s preparedness to advance with a clear and structured roadmap for the year ahead.
In televised remarks, Kouchouk stated that the new budget seeks to strike a strategic balance among key national priorities. These include stimulating economic activity, maintaining fiscal discipline, and broadening social safety nets to better support various segments of the population. He also highlighted increased allocations for the health and education sectors.
The minister underscored that part of the budget’s financial allocations is earmarked for contingency reserves, enabling the government to respond swiftly and effectively to unforeseen challenges. He described the budget as both flexible and adaptive, positioning the state to manage exceptional circumstances while maintaining fiscal stability.
Addressing the balance between fiscal responsibility and economic development, Kouchouk revealed that the budget targets a record primary surplus of 4 per cent of GDP for the upcoming fiscal year, up from a projected 3.5 per cent in the current year.
He emphasised that the projected surplus will be used primarily to reduce public debt and limit reliance on borrowing, affirming the government’s commitment to prudent, sustainable fiscal policies.
