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Egypt: Budget approval does not settle spending debates
The Egyptian Parliament approved the general budget for the fiscal year 2026-2027, with a allocation of approximately 8.224 trillion Egyptian pounds. The budget focuses on supporting health and education and improving expenditure efficiency, despite objections regarding low support allocations and the rising costs of debt interest, which account for 48% of the expenditure. The Finance Minister confirmed that the budget aims to balance resource development with support for essential service sectors. Experts noted, however, that the government was compelled to allocate funds toward gas imports and debt servicing, which increases the budget deficit.
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