Deputy Prime Minister for Economic Affairs Hussein Eissa chaired the general assembly meeting of the Holding Company for Construction and Development (HCCD) to approve its budget for fiscal year (FY) 2026/2027.

The Egyptian Electricity Transmission Company (EETC) plans to invest EGP 36.8 billion in the fiscal year (FY) 2026/2027 to improve the national grid performance, Mona Rizk, the Chairperson of EETC, noted.

Khalda Petroleum Company achieved 15 oil discoveries, adding about 15 million barrels of oil equivalent (BOE) to its projected reserves during the first half (H1) of fiscal year (FY) 2025/2026, Chairman Moataz Atef said.

Egypt’s fiscal year (FY) 2026/2027 budget prioritizes health and education spending alongside tax reforms and private sector support, as the government targets improved public services and economic growth.

Egypt has allocated EGP 832.3 billion for social support and protection in its fiscal year (FY) 2026/2027 budget, marking a 12% annual increase, as part of efforts to support vulnerable groups.

Egypt is targeting a reduction in its debt-to-GDP ratio to 78% by June 2027, alongside cutting external debt by around $2 billion annually, as part of a broader strategy to improve fiscal sustainability.

Egypt is targeting three initial public offerings (IPOs) before the end of the current fiscal year (FY) 2025/2026.

The Egyptian Cabinet passed the Economic and Social Development Plan for fiscal year (FY) 2026/2027, targeting overall investments of EGP 3.8 trillion.

The Egyptian Cabinet approved the state budget for the fiscal year (FY) 2026/2027, which targets a 27.6% increase in public revenues to reach EGP 4 trillion.