Egypt approves 2026/27 budget, economic development plan

RIYADH: Egypt’s budget for the next fiscal year has received final approval by the country’s House of Representatives, along with the Economic and Social Development Plan and the medium-term plan through 2029/30. Finance Minister Ahmed Kouchouk explained that the budget targets revenues of approximately 4.1 trillion Egyptian pounds ($82 billion) in the 2026/27 fiscal year, representing annual growth of 32 percent, while expenditures are projected at 5.2 trillion pounds, up 13 percent from the previous fiscal year, according to a statement.

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