The primary surplus is 4% of GDP next year and the deficit declines to 7.3% of GDP next year and 5.5% in «2026/2027»

Minister of Finance: Setting priorities according to available resources and exerting all efforts to develop resources, expand the tax base, optimize the use of assets and raise the efficiency of public spending

We work to improve the performance and inclusiveness of the state's public finances

Committed to the financial ceilings of the debt of the public budget bodies, the "general government", investments, And «Guarantees»

Preparing the new budget in a "medium-term framework" that extends for another three years 

23% revenue growth over the next two years, 17% in "2027/2028" and18% during 2028/2029  

19% Expenditure growth in the next fiscal year, 8% in the year "2026/2027" and 15% during the years "2027/2028" and"2028/2029"

2.6 trillion pounds expected tax revenues next year at 13% of GDP and we target 3.9 trillion in "2027/2028" and 4.7 trillion in 2028/2029 driven by improved economic activity, mechanization and expansion of the base

Minister of Finance, Ahmed Kouchouk, announced the financial targets in the medium term for a period of 4 years, for the first time, during the presentation of the financial statement for next year's budget 2025/2026 in front of the House of Representatives, which raises the slogan: "Balancing growth, stability and partnership with the business community."

 

Kouchouk said that we aim to achieve a first surplus of 4% of GDP during the next fiscal year, and reduce the total budget deficit to 7.3% of GDP in the next year, and 5.5% in the fiscal year (2026/27).

 

The Minister added that priorities are determined according to the available resources, taking into account exerting all efforts to develop resources, expand the tax base, optimize the use of assets, and raise the efficiency of public spending, pointing out that we are working to improve the performance and comprehensiveness of the State's public finances, while adhering to the financial ceilings for the debt of the public budget agencies, the "general government," investments, and "guarantees."

 

He pointed out that the new budget for the next fiscal year has been prepared in a "medium-term framework" that extends for another three years, explaining that we target the budget for the next two years to grow public revenues by 23%, while we target 17% in the fiscal year (2027/2028), and we also target 18% during the fiscal year 2028/2029  

 

He assured that we expect public expenditures to grow by 19% in the budget of the next fiscal year, while we expect 8% in the fiscal year (2026/2027), as we expect 15% during the fiscal year (2027/2028) and the fiscal year (2028/2029 ).

 

Kouchouk pointed out that the expected tax revenues during the next fiscal year amount to 2.6 trillion pounds, 13% of the GDP, and we target 3.9 trillion pounds in the fiscal year (2027/2028) and 4.7 trillion pounds in the fiscal year (2028/2029), driven by improved economic activity, mechanization and expansion of the tax base.