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

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.

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.

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.

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

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.

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

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