Egypt budget
Egypt said on Tuesday that it aims to strike a balance between promoting economic growth, enhancing Egypt’s competitiveness, and maintaining fiscal discipline amidst regional challenges.
These efforts aim at strengthening the economy’s resilience in the face of various challenges, the president said, as he reviewed fiscal policy priorities for the 2026/2027 budget on Tuesday, the Presidency said in a statement.
The plans include implementing targeted tax and customs facilitation measures and expanding the tax base by increasing compliance without imposing new burdens on citizens or businesses, the Presidency said.
Suez Canal tax take hit EGP 55.6bn in Jul-Dec, as Egypt’s tax revenues jumped 32% to EGP 1.204tn.
This growth was driven by a broad increase in all tax categories, fueled by the recovery of economic activity
The 2020/2021 budget will continue to prioritize health, education and social conditions, Finance Minister Mohamed Mait said Saturday.
For the first time in six years, Egypt’s budget transparency score jumped from 25 to 41 points out of 100, which is nearly the global average score of 43 points.
