19.2% increase in the expected general expenses to reach EGP 4.6tn

• We target EGP 2.6tn tax revenues without imposing new burdens, through enforcement of tax facilitations law and providing new facilitations for customs and real estate sector
• We aim to simplify, facilitate, mechanize and build real partnership to expand tax base and attract new taxpayers
• We work on gradual increase of tax revenues of domestic product to reach 13% next year, which is the highest percentage in 10 years
• Targeting initial surplus of EGP 807bn, at 4% of domestic product … and lowering total deficit to 7.3% by the end of June 2026
• Preparing and implementing budget according to "programs and performance" to link the spending with service quality

 

 

Minister of Finance, Ahmed Kouchouk, affirmed that the general revenues of the new budget project for the fiscal year 2025-2026 increased by 23% and amounted to EGP 3.1tn, while the expected general expenses increased by 19.2% and amounted to EGP 4.6tn.

 

During the presentation of the financial statement of the budget themed "growth, stability and partnership with business community" for the fiscal year 2025-2026, at the House of Representatives, Kouchouk added that we target EGP 2.6tn tax revenues in the project of the next fiscal year's budget, without imposing new burdens, through activating tax facilitation laws and providing new facilitations to customs and real estate sector, pointing out that we aim to simplify, facilitate, mechanize and build real partnerships to expand tax base and attract new taxpayers.

 

Kouchouk stated that we work on the gradual increase of tax revenues of domestic product to reach 13% next year, which is the highest percentage in 10 years.

 

"Through the next fiscal year's budget, we aim to achieve an initial surplus of EGP 807bn, at 4% of domestic product, and lowering total deficit to 7.3% by end of June 2026," said Kouchouk.

 

Kouchouk affirmed preparing and implementing the new budget according to the "Programs and Performance" approach to link the spending with the quality of services provided to citizens.