Sisi Passes New Budget Law

President Abdel Fattah El-Sisi's approval of Law No. 12 of 2026 concerning the final account of the state's general budget for the fiscal year 2024/2025 reflects the scale of actual expenditures and revenues. Expenses amounted to approximately 3.905 trillion Egyptian pounds, while revenues reached about 2.68 trillion Egyptian pounds, with loan repayments totaling 1.602 trillion pounds. The figures show that the interest expense is the highest among the expenditures, while the public debt continues to exert pressure on the budget, with net debt amounting to around 16.638 trillion pounds, representing 95.3% of the gross domestic product. It is expected that the government will prepare the 2026/2027 budget with estimated expenditures of about 5.1 trillion pounds and revenues of 4 trillion pounds, aiming to achieve an initial surplus of 1.2 trillion pounds and reduce the deficit to 4.9%.

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