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Fattah Al-Alawi: Revenues Surpass Forecast to June 2026

Fattah Al-Alawi: Revenues Surpass Forecast to June 2026

The Minister of Economy and Finance, Nadia Fattah, confirmed that current revenues through the end of June 2026 have exceeded the forecasts outlined in the finance law, growing by 15.4% compared to the first half of 2025. This increase is attributed to improved performance in the agricultural sector and an economic growth rate of 5.3% expected in 2026. Tax revenues saw an increase of 11.8%, while non-tax revenues rose sharply by 55.3%. Additionally, the inflation rate decreased to 0.4% during the first six months of 2026, with core inflation remaining stable at -0.1%. The labor market also created 193,000 jobs in 2025, leading to a reduction in the unemployment rate to 13%. On the external front, exports increased by 5.8%, despite imports rising by 11.8%, which resulted in a widening trade deficit of 20.8%. These indicators come amid a complex international context and geopolitical tensions, with economic growth forecasts ranging between 4.1% and 4.2% in the coming years, based on assumptions related to oil prices and essential commodities.

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