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بوابة الشروق
Source: بوابة الشروق
1 Dayبوابة الشروق
Source: بوابة الشروق
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The Cabinet, chaired by Mostafa Madbouly, approved a draft decision to rationalize spending by government entities and economic authorities during fiscal year 2026/2027. The measures will apply for three months, with the possibility of an extension, to address the effects of regional developments without affecting services provided. The decision requires a 20% reduction in electricity consumption and a 30% reduction in fuel allocated to vehicles. It also calls for freezing at least 20% of appropriations for certain spending items, curbing travel, and postponing unnecessary projects and those with high fuel consumption. Certain sectors and budget allocations are exempt, most notably health and national security. The decision also bars contracts to purchase passenger cars and the launch of new projects until June 30, 2027, while giving priority to essential projects that are nearing completion.
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