CAIRO - 13 July 2026: Egypt’s balance of payments recorded a smaller overall deficit during the first nine months of FY2025/2026, from July 2025 through March 2026, according to data released by the Central Bank of Egypt.
The overall deficit declined by 2.9 percent year-on-year to nearly $1.8 billion, down from $1.9 billion during the corresponding period of the previous fiscal year.
The CBE attributed the improvement to stronger net inflows into the capital and financial account, which amounted to approximately $9.9 billion. Net foreign direct investment increased by 33 percent to $13 billion, supported by around $3.5 billion in investments related to the Ras Alam El-Roum city development project, which entered Egypt in December.
However, the current account posted a deficit of around $14.6 billion between July 2025 and March 2026, partly reflecting a merchandise trade deficit of $14.8 billion.
Growth in several key sources of foreign currency helped contain the current account deficit. Remittances from Egyptians working abroad rose by 32 percent year-on-year to $34.9 billion, while tourism revenues increased by 14.9 percent to $14.4 billion. Suez Canal revenues also grew by 22.1 percent to reach $3.2 billion.
Meanwhile, foreign portfolio investments in Egyptian securities recorded net outflows of $4.4 billion, reversing net inflows of $2.1 billion during the same period of the previous fiscal year.
According to the CBE, the first quarter of 2026 alone saw portfolio investment outflows of $9.5 billion. The withdrawals coincided with the outbreak of conflict in the Middle East and heightened uncertainty across global financial markets.
The balance of payments provides a comprehensive record of a country’s economic and financial transactions with the rest of the world over a specific period, including trade in goods and services, investment flows, and other cross-border transactions.
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