Egypt’s FY2026/27 budget is designed to build a more resilient and dynamic economy capable of delivering sustainable and balanced growth while better serving the needs of citizens and investors, Minister of Finance Ahmed Kouchouk said on Sunday.
Kouchouk said the budget allocates LE90 billion to expand programmes supporting domestic production, service and merchandise exports, and entrepreneurship initiatives. He reaffirmed the government’s commitment to enhancing economic competitiveness and promoting private sector-led growth.
The minister noted that LE48 billion has been earmarked for export rebate programmes aimed at improving the competitiveness of Egyptian products in international markets, while nearly LE7 billion has been allocated to support the tourism sector and strengthen its contribution to economic development.
He added that LE6 billion has been designated for financing facilities targeting productive sectors, with the aim of expanding Egypt’s industrial and agricultural capacities. In addition, LE5 billion has been allocated to support small and medium-sized enterprises (SMEs) and entrepreneurship initiatives.
The budget also sets aside around LE5 billion to advance the automotive industry and LE2 billion to incentivise priority industrial sectors, reflecting the government’s broader strategy to stimulate investment, increase local production, and drive long-term economic growth.
