El-Sisi reviews FY2025/26 budget targets
Updated 3/10/2025 7:34:00 AM
Arab Finance: President Abdel Fattah El-Sisi has reviewed the state's financial performance indicators and the budget targets for fiscal year (FY) 2025/2026 in a meeting with Prime Minister Mostafa Madbouly and Minister of Finance Ahmed Kouchouk, as per a statement.
The new draft budget involves increasing allocations for the Takaful and Karama Program while raising sufficient resources to finance the recently announced social protection package.
An additional raise will be utilized to support human development programs, including the presidential initiatives.
On his part, Presidential Spokesman Mohamed El-Shenawy said the meeting addressed the state’s efforts to achieve financial discipline, raise the primary surplus rate, and reduce debt, while nearing the completion of setting a strategy to lower public debt in the medium term.
El-Sisi called for exerting intensive efforts to control inflation and enhance productivity in a way that contributes to achieving higher growth rates, according to El-Shenawy.
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