fiscal policy
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.
The policies will focus on further improving fiscal discipline in the state’s budget indicators, a crucial component for fostering economic growth and ensuring effective long-term planning.
The Ministry of Finance recently highlighted the 2023 Global Open Budget Survey (OBS) results, which have spotlighted Egypt’s advancements in transparency, budget oversight, and public participation over the last two years
President El-Sisi placed high priority on continuing intensive efforts to curb inflation, through integrated and consistent programs and policies.
The Central Bank of Egypt postponed its upcoming Monetary Policy Committee (MPC) meeting, which will discuss interest rates, to Sunday, May 21. It was originally slated for May 18
