Deputy Highlights Budget Deficit

The article focused on warnings by MP Ihab Mansour regarding the financial structure of the 2026/2027 general budget. He emphasized that debt commitments far exceed the country's revenues, which are estimated at around 4 trillion Egyptian pounds, while debt service costs, including interest and installments, amount to nearly 5.1 trillion pounds. This reflects a heavy reliance on borrowing. He also criticized the allocation of investments to long-term projects at the expense of essential services, pointing to a significant gap between constitutional allocations and actual spending on health and education sectors. He called on the government to adopt a genuine austerity policy to redirect spending toward development and vital services.

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