President Abdel Fattah El-Sisi stressed the importance of prioritizing debt reduction and easing debt service burdens while maintaining strict fiscal discipline across government measures to support macroeconomic stability and stimulate growth. The remarks came during his meeting with Prime Minister Mostafa Madbouly and Minister of Finance Ahmed Kouchouk, according to a statement from the Presidency.
Presidential Spokesman Mohamed El-Shenawy noted that President Sisi reviewed the preliminary financial performance indicators for FY2024/2025, which showed strong results despite external challenges.
Egypt’s state budget recorded a primary surplus of EGP 629 billion, equivalent to 3.6% of GDP, marking an 80% increase compared to the EGP 350 billion surplus (1.9% of GDP) achieved in FY2023/2024.
Minister Kouchouk explained that this fiscal performance was achieved despite a 60% drop in Suez Canal revenues, resulting in an estimated EGP 145 billion shortfall. On the other hand, tax revenues surged by 35%, reaching EGP 2.2 trillion, driven by an expanded tax base, simplified procedures, and strengthened trust with the business community. Overall public revenues grew by 29%, while primary expenditures increased at a more moderate 16.3%.
The minister added that recent tax facilities led to more than 401,000 requests for settling old disputes, along with over 650,000 new or amended tax returns, helping collect around EGP 77.9 billion. In addition, more than 104,000 taxpayers applied for incentives under the Small Projects Law No. 6 of 2025.
On the social front, the state funded treatment for over 80,000 critical cases, covered EGP 2.3 billion in health insurance subscriptions for vulnerable citizens, hired 160,000 teachers at a cost of EGP 4 billion to fill school shortages, and allocated EGP 6.25 billion to school meal programs.
President Sisi instructed the government to continue achieving primary surpluses, increase spending on healthcare, education, and social protection programs, and expand social justice initiatives. He reaffirmed that reducing debt burdens remains a top priority to strengthen financial stability and sustain Egypt’s economic development path.
