Egypt’s primary balance surplus, excluding divestment proceeds, is expected to reach 4% of gross domestic product (GDP) in fiscal year (FY) 2025/2026, the International Monetary Fund (IMF) said in its latest report.

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

Egypt’s total budget deficit dropped to 3.6% of the gross domestic product (GDP) during the fiscal year (FY) 2023/2024, Minister of Finance Ahmed Kouchouk said in a press conference.

Egypt seeks to achieve a primary surplus of 3.5% of gross domestic product (GDP) during the current fiscal year (FY) 2024/2025, the new Minister of Finance Ahmed Kouchouk announced.

Egypt has recorded a primary surplus of EGP 822 billion during the first 11 months of the current fiscal year (FY) 2023/2024, amounting to 5.87% of the gross domestic product (GDP), Minister of Finance Mohamed Maait stated.

Egypt is targeting achieving a primary surplus of EGP 591.4 billion, representing 3.5% of the gross domestic product (GDP), in fiscal year (FY) 2024/2025, Minister of Finance Mohamed Maait stated.

Egypt is expected to achieve a primary surplus of 5.75% of gross domestic product (GDP) by the end of June 2024, Minister of Finance Mohamed Maat stated on the sidelines of the World Economic Forum’s special meeting in Riyadh.

The Egyptian government expects the country’s gross domestic product (GDP) growth rate to drop to 4.0% in the coming fiscal year (FY) 2024/2025, down from the 4.1% projected for the current FY.

Egypt has recorded a primary surplus of EGP 416 billion during the first nine months of the current fiscal year (FY) 2023/2024, amounting to 3% of the gross domestic product (GDP).

Egypt has recorded a primary surplus of EGP 193 billion in the last eight months, compared to EGP 41.8 billion over the same period of fiscal year (FY) 2022/2023, Minister of Finance Mohamed Maait stated in a press conference.

Egypt achieved a total budget deficit of 4.95% of the gross domestic product (GDP) during the first half of the current fiscal year (FY) 2023/2024, according to a cabinet statement on January 17th.

Egypt is targeting achieving a primary surplus of 2.5% of the gross domestic product (GDP) in fiscal year (FY) 2023/2024, the highest in the country’s history.

Egypt has recorded a primary surplus of EGP 164.3 billion, equivalent to 1.63% of the gross domestic product (GDP), as per the initial indicators of the financial performance for fiscal year (FY) 2022/2023.