Cairo: 'Egypt's draft State budget for the 2026/2027 fiscal year will prioritize human development through improving healthcare and education services, expanding social protection programmes and raising real wages for state employees,' Finance Minister Ahmed Kouchouk said.

According to State Information Service Egypt, Kouchouk stated that the fiscal policy would also focus on simplifying procedures and broadening the tax base through new tax incentives and streamlined measures aimed at enhancing the competitiveness of the Egyptian economy. These measures are intended to support companies operating in Egypt across productive and service sectors, enabling them to increase exports, production, and job creation. The government also aims to improve income levels for citizens and enhance services for both individuals and investors.

Kouchouk emphasized that the government is targeting a continued downward trend and sustained improvement in public debt indicators related to the state budget. The goal is to reduce debt servicing costs as a share of gross domestic product, revenues, and expenditures, which would allow more resources to be redirected toward development sectors.

He outlined that the draft budget seeks to strike a balance between preserving economic stability and steering the economy toward inclusive growth. This would be achieved through creating a supportive environment for economic activity, investment, exports, and technological advancement.