17 Hrs
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بوابة الشروق
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Deputy Al-Imam criticizes budget assumptions
Deputy Mahmoud Sami Al-Imam discussed the amendments made by the Planning and Budget Committee to the 2026-2027 fiscal year's budget. These amendments include an increase in expenditures by 11.5 billion Egyptian pounds to support projects of the Education Buildings Authority, an increase in healthcare allocations on behalf of the state, and support for some governorates. He pointed out that debt interests constitute approximately 48% of total public spending, amounting to about 2.4 trillion pounds out of the total allocations of 5.176 trillion pounds, noting that the debt service burden accounts for a significant portion of revenue. The budget also revealed a relatively small allocation for commodity subsidies compared to actual spending, while poverty rates continue to rise steadily, and there has been a lack of recent official data for the past four years.
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