Egypt parliament approves LE 8.18tn budget for FY2026/27

Egypt’s House of Representatives has given final approval to the state budget for fiscal year 2026/27, with total budget uses estimated at LE 8.176 trillion.

The approval came during Monday’s plenary session chaired by Speaker Hisham Badawy. The budget aims to increase spending on essential services, social protection programmes and public investment, while meeting the state’s financial obligations.

Under the first article of the budget law, total revenues, borrowing proceeds, financial asset sales and other sources are estimated at LE 4.175 trillion for FY2026/27.

Total expenditure is projected at LE 5.178 trillion, up from LE 4.574 trillion in the previous fiscal year.

The spending plan allocates LE 822.8 billion for wages and employee compensation, while interest payments are set at LE 2.419 trillion, compared with LE 2.298 trillion in FY2025/26.

Subsidies, grants and social benefits are budgeted at LE 832.3 billion, up from LE 742.5 billion a year earlier. Other expenditure is set at LE 261.1 billion, compared with LE 201.8 billion in the previous budget.

Public investment, classified as purchases of non-financial assets, is projected to reach LE 553.7 billion, up from LE 434.9 billion in FY2025/26.

Appropriations for the acquisition of domestic and foreign financial assets are estimated at LE 190.3 billion, compared with LE 172.8 billion in the previous fiscal year.

Meanwhile, allocations for the repayment of domestic and external loans are set at LE 2.808 trillion, up from LE 2.085 trillion in FY2025/26, an increase of around LE 723.3 billion.

The higher debt repayment allocation reflects the government’s continued commitment to meeting its financial obligations and reducing the burden of public debt.