78.1 billion pounds for the most targeted initiatives and programs for productive and export activities and priority industries

8.3 billion pounds for the initiative to support the tourism sector and 5 billion pounds for priority industrial activities

3 billion pounds for the initiative to convert vehicles to work with natural gas

Cash incentives from 3 to 5 billion pounds for small, medium and micro enterprises

One billion pounds for the initiative to provide natural gas taxis and pickup trucks and offer them to the youth

 

 

 

Minister of Finance, Ahmed Kouchouk, assured that the public spending paths in the draft budget for the new fiscal year 2025/2026 are integrated with the state's efforts aimed at enhancing the competitiveness of the Egyptian economy by stimulating investment, localizing industry, and deepening local production, in a way that pushes the path of empowering the private sector and expanding its contributions to economic activity, as it is a locomotive of growth and development, taking into account that the Egyptian economy is significant and diversified, and enjoys competitive advantages and preferential elements.

 

He said that the draft budget for the new fiscal year 2025/2026 includes exceptional allocations to support production, export, tourism, and drive economic growth, in line with the priorities and objectives of the government's work program, and supports priority economic development initiatives with specific goals within a well-defined time frame.

 

The Minister added that 78.1 billion pounds will be allocated in the draft budget for the new fiscal year 2025/2026, for the most targeted initiatives and programs for productive and export activities and priority industries, including 8.3 billion pounds for the initiative to support the tourism sector, 5 billion pounds for priority industrial activities, 3 billion pounds for the initiative to convert vehicles to work with natural gas, and the approval of cash incentives from 3 to 5 billion pounds for medium, small and micro enterprises, and 1 billion pounds for the initiative to provide natural gas taxis and pickup trucks and offer them forward for  the youth.

 

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, with an increase of 18%, with the aim of achieving an initial surplus of 4% of GDP and reducing the debt of the public budget agencies.