Reducing the burdens on the most vulnerable groups by increasing the subsidies of food commodities and bread to 160 billion pounds

35% increase in the social security pension "Takaful & Karama" to reach 54 billion pounds

Committed to increase monthly cash subsidies for Takaful & Karama beneficiaries by 25% as of April 2025

75 billion pounds subsidies for electricity within the framework of the government's directives to secure the energy sector

75 billion pounds subsidies for petroleum products and 3.5 billion pounds subsidies for the delivery of natural gas to homes

5.2 billion pounds subsidies for the railway and 1.8 billion pounds for student subscriptions by trains and subways

2.5 billion pounds in the new budget subsidies for passenger transport in Cairo and Alexandria

 

 

 

Minister of Finance, Ahmed Kouchouk, assured that the draft budget for the new fiscal year 2025/2026, which was approved by the Council of Ministers and referred to the House of Representatives, witnesses a great interest in enhancing spending to reduce the burdens on citizens of low income and the most needy social groups, through the adoption of effective initiatives and programs characterized by efficient targeting, within the framework of an integrated and consistent vision to improve the standard of living, meet the basic needs of citizens, and facilitate decent livelihoods, explaining that EGP 732.6 billion has been allocated in the new budget for more targeted social protection for those eligible for subsidies.

 

Kouchouk said that the government headed by Dr. Mustafa Madbouly is working to alleviate the burdens on the most vulnerable groups by increasing the allocations of subsidies for ration goods and bread during the next fiscal year to reach 160 billion pounds, while also increasing the financial allocations for the social security pension "Takaful & Karama" by 35% from last year's budget, to reach 54 billion pounds in the new fiscal year, stressing that we are committed to increasing the monthly cash subsidies for citizens benefiting from "Takaful &  Karama" by 25% as of April 2025.

 

The Minister added that 75 billion pounds have been allocated in the draft budget for the new fiscal year 2025/2026 subsidies for electricity within the framework of the government's directives to secure the energy sector, 75 billion pounds were allocated as subsidies for petroleum products, and 3.5 billion pounds as subsidies for the delivery of natural gas to homes, in a way that contributes to increasing the number of citizens benefiting from this civilizational service in cities and villages, as part of the state's efforts to achieve development in various governorates.

 

He pointed out that the new draft budget also includes the allocation of 5.2 billion pounds subsidies for the railway, 1.8 billion pounds subsidies for student subscriptions by trains and subways, and 2.5 billion pounds subsidies for passenger transport in Cairo and Alexandria as well.

 

The Council of Ministers, in its meeting chaired by Dr. Mustafa Madbouly, approved the draft budget for the new fiscal year 2025/2026 and decided to refer it to the House of Representatives, including revenues estimated at 3.1 trillion pounds at an annual growth rate of 19%, and expenses estimated at 4.6 trillion pounds, an increase of 18%, with the aim of achieving a first surplus of 795 billion pounds at 4% of GDP and reducing the debt of the public budget agencies to 82.9%.