CAIRO - 16 August 2025: President Abdel Fattah El-Sisi emphasized the importance of prioritizing debt reduction and easing debt service burdens, while maintaining strict fiscal discipline across government measures to support macroeconomic stability and stimulate growth.
His remarks came during a meeting with Prime Minister Mostafa Madbouly and Minister of Finance Ahmed Kouchouk, according to a statement from the Presidency.
Presidential Spokesman Mohamed El-Shenawy noted that President Sisi reviewed the preliminary financial performance indicators for FY2024/2025, which showed strong results despite external challenges.
Egypt’s state budget recorded a primary surplus of LE 629 billion, equivalent to 3.6 percent of GDP, marking an 80 percent increase compared to the LE 350 billion surplus (1.9 percent of GDP) achieved in FY2023/2024.
Minister Kouchouk explained that this fiscal performance was achieved despite a 60 percent decline in Suez Canal revenues, resulting in an estimated LE 145 billion shortfall.
Meanwhile, tax revenues surged by 35 percent, reaching LE 2.2 trillion, supported by an expanded tax base, streamlined procedures, and enhanced trust with the business community.
Overall public revenues grew by 29 percent, while primary expenditures rose by a more moderate 16.3 percent.
The minister added that recent tax facilities encouraged over 401,000 requests for settling old disputes, in addition to more than 650,000 new or amended tax returns, helping collect around LE 77.9 billion. Furthermore, over 104,000 taxpayers applied for incentives under the Small Projects Law No. 6 of 2025.
On the social front, the state funded treatment for over 80,000 critical cases, covered LE 2.3 billion in health insurance subscriptions for vulnerable citizens, hired 160,000 teachers at a cost of LE 4 billion to address classroom shortages, and allocated LE 6.25 billion to school meal programs.
President Sisi directed the government to sustain primary surpluses, increase investments in healthcare, education, and social protection programs, and expand social justice initiatives. He reaffirmed that reducing debt burdens remains a top priority to strengthen financial stability and sustain Egypt’s economic development path.
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