Finance Minister Ahmed Kouchouk affirmed that the new fiscal year 2026/2027 budget aims to meet citizens’ basic needs, improve services, and support economic activity.
During his presentation of the financial statement for the 2026/2027 draft budget before the House of Representatives on Wednesday, the minister said that projected public revenues stand at four trillion LE, marking a 30 percent increase, while expected public expenditures reach 5.1 trillion pounds, with a growth rate of 13.2 percent.
He added that the government is addressing current and potential risks by increasing general reserves and reallocating financial allocations according to priorities.
He noted that fiscal policy priorities focus on supporting citizens, strengthening financial stability, supporting the economy, and enhancing confidence with the business community.
The minister pointed out that 80 billion pounds have been allocated to programs supporting and stimulating production, manufacturing, entrepreneurship, and both service and goods exports.
This includes LE 48 billion for export subsidy refunds, LE 6.7 billion for the tourism sector, and LE 6 billion in financing facilities for productive sectors.
He also stated that LE 90.5 billion have been allocated to the Unified Procurement Authority, with an annual growth rate of 34.6 percent, to support the provision of medicines and medical supplies for the health sector.
In addition, LE 7.8 billion has been allocated for printing school textbooks in pre-university education, and LE 7 billion for school feeding programs.
Kouchouk further explained that the new budget includes LE 821 billion for public sector salaries, and LE 832.3 billion for subsidies and social protection, including LE 178.3 billion for food subsidies, 55.3 LE billion for “Takaful and Karama,” social security, child pensions, and rural female health workers programs.
He noted that LE 120 billion has been allocated for energy subsidies, settlement of intersectoral obligations, and ensuring reliable services, alongside LE 13 billion for housing for low- and middle-income groups and LE 4.3 billion for slum development.
He added that LE 69.1 billion has been allocated to finance the purchase of local wheat from farmers after raising the procurement price to 2,500 pounds per ardeb during the current season.
The minister concluded that the government targets achieving a primary surplus of 5 percent, reducing the overall deficit to 4.9 percent of GDP, and lowering the debt-to-GDP ratio to 78 percent by June 2027, while also reducing external debt by $1–2 billion annually.
He further noted that the state aims to reduce financing needs of the budget sector by around 10 percent of GDP in the medium term, and to lower the debt service burden to about 35 percent of budget expenditures over the medium term.
Egypt sets LE4 trillion revenue target in 2026/27 budget Egypt Independent.
Hence then, the article about egypt sets le4 trillion revenue target in 2026 27 budget was published today ( ) and is available on EGYPT INDEPENDENT ( Egypt ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Egypt sets LE4 trillion revenue target in 2026/27 budget )
Also on site :