Finance Minister: Targeting Record 5% Primary Surplus and Reducing Overall Deficit to 4.9% to Strengthen Fiscal Sustainability
Egypt’s Minister of Finance, Ahmed Kouchouk, announced that the government is targeting a record primary surplus of 5% of GDP in the upcoming fiscal year’s budget, as part of efforts to reduce the debt-to-GDP ratio of the budget sector and ease the burden of debt servicing on both revenues and expenditures.
Speaking at a press conference, Kouchouk stated that improved fiscal conditions will enable increased spending on social protection programs, emphasizing that the gains from fiscal reform must translate into tangible benefits for citizens.
He added that the government is also aiming to reduce the overall budget deficit to 4.9% of GDP, a level that is below the average deficit recorded across emerging economies, reflecting the strength and sustainability of Egypt’s fiscal reform trajectory.
The minister further noted that the government is working diligently to create additional fiscal space to boost spending on priority areas that directly impact citizens’ lives, while ensuring that all public finance management reforms are aligned to serve both the economy and the broader public interest.
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