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Budget debt falls to 85.6% of GDP in June: Kouchouk

Preliminary indicators show a decline in debt of Egypt’s budget agencies to 85.6% of gross domestic product (GDP) in June 2025, from 89.4% in June 2024, Minister of Finance Ahmed Kouchouk announced.

Updated 8/31/2025 9:32:00 AM
Egypt spends EGP 45B to support economy, industry, exports in FY2024/25: Kouchouk

The Egyptian government has disbursed an amount of EGP 45 billion during fiscal year (FY) 2024/2025 to back economic, productive, industrial, and export activities, Minister of Finance Ahmed Kouchouk revealed in a press conference.

Updated 8/31/2025 7:03:00 AM
Egypt's UHIA generates EGP 69B revenues in FY2024/25

Egypt's Universal Health Insurance Authority (UHIA) generated revenues valued at EGP 69 billion in the fiscal year (FY) 2024/2025, marking a 49% year-on-year (YoY) leap from EGP 46.6 billion.

Updated 8/6/2025 10:45:00 AM
El-Sisi approves EGP 85B in additional appropriation for FY2024/25 budget

President Abdel Fattah El-Sisi issued Law No. 158 of 2025, approving an additional appropriation of EGP 85 billion in the state budget for the fiscal year (FY) 2024/2025

Updated 7/30/2025 7:54:00 AM
Egypt’s primary surplus hits EGP 170B in 5 months

Egypt achieved a primary surplus of EGP 170 billion from July to November in fiscal year (FY) 2024/25

Updated 3/16/2025 10:15:00 AM
Exclusive| Experts Debate Over Education and Health Allocations in New State Budget

Experts are divided over the allocations for education and health in the state general budget for FY 2024/2025, recently approved by the Parliament. Some experts see the new state budget as transparent for reflecting reality, while others believe it did not meet the constitutional requirements set by the Egyptian Parliament.

Updated 6/5/2024 10:25:00 AM
Egypt earmarks EGP 495.6B for healthcare sector’s development in FY2024/25

Egypt has increased the budgetary allocations for the healthcare sector to EGP 495.6 billion in the upcoming fiscal year (FY) 2024/2025, marking a 24.9% year-on-year (YoY) hike from the FY's EGP 396.9 billion, the Egyptian Ministry of Finance stated.

Updated 4/15/2024 12:27:00 PM
Egyptian cabinet thumbs up FY2024/25 draft budget

The Egyptian cabinet has approved the country’s draft budget for the upcoming fiscal year (FY) 2024/2025 which begins on July 1st, according to a statement on March 27th.

Updated 3/28/2024 3:04:00 AM
Egypt targets GDP growth of 4% in FY2024/25

Egypt is planning to achieve gross domestic product (GDP) growth of 4% during the next fiscal year (FY) 2024/2025.

Updated 3/27/2024 5:44:00 AM
Egypt releases $14.5B worth of essential goods YTD

The Egyptian government has released essential goods worth $14.5 billion at ports since the beginning of this year, Minister of Finance Mohamed Maait announced during an open dialogue with press and media figures about the new budget for the upcoming fiscal year (FY) 2024/2025.

Updated 3/19/2024 6:59:00 AM
Public petroleum sector firms plan for EGP 23B investments in FY2024/25

Public petroleum sector companies target investments of about EGP 23 billion in the budget for the next fiscal year (FY) 2024/2025.

Updated 1/16/2024 12:16:00 PM
Ministry of Finance initiates budgetary discussions for FY2024/25

The Ministry of Finance has started budgetary discussions for the new fiscal year (FY) of 2024/2025 with administrative entities.

Updated 1/14/2024 12:24:00 PM