Egypt Approves Ambitious Budget Amid Economic Recovery Efforts

Egypt's cabinet has greenlit the 2025/26 budget, allocating 4.6 trillion Egyptian pounds for expenditures to aid economic recovery. Expected revenues are set at 3.1 trillion pounds. This move comes as the nation strives to overcome ongoing economic challenges.

Egypt's cabinet has approved the 2025/26 budget, a significant financial plan involving 4.6 trillion Egyptian pounds (approximately $91.05 billion) in expenditures, according to an official government statement. This budget is part of the country's broader strategy to navigate through its current economic crisis.

The cabinet anticipates revenue generation to the tune of 3.1 trillion Egyptian pounds during the fiscal year 2025/26. This revenue forecast highlights the government's approach toward fiscal sustainability and economic rebound amid ongoing financial upheaval.

This fiscal outline underscores Egypt's commitment to revitalize its economy, balancing between substantial public spending and substantial revenue predictions as the nation endeavors to stabilize its economic landscape.

(With inputs from agencies.)