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2026-11-06T22:45:51.000Z

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Adib hails spending cuts

Adib hails spending cuts

Media personality Amr Adib praised the government’s spending-rationalization plan, calling it a good step amid economic uncertainty in the region. He expected further austerity measures while essential services are maintained. The Cabinet has approved applying spending controls to government entities and economic authorities for three months during the 2026/2027 fiscal year. The measures include cutting electricity and lighting consumption by 20% and reducing fuel allocated to government vehicles by at least 30%. They also include postponing nonessential spending and slowing the implementation of fuel-intensive national projects, with the measures potentially extended if the crisis continues.

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