Dr. Mostafa Madbouly, Prime Minister of Egypt, convened an important meeting at the Government headquarters in the New Administrative Capital to discuss the key aspects and objectives of the upcoming fiscal year budget for 2025-2026. The session was attended by Dr. Rania Al-Mashat, Minister of Planning , Mr. Ahmed Kouchouk, Minister of Finance, Mr. Yasser Sabahi, Deputy Minister of Finance, and Eng. Nihad Morsy, Assistant Minister of Planning for Infrastructure Affairs.
Prioritizing Social Development and Economic Stability
According to Mohamed Al-Homsani, the official spokesperson for the Prime Minister’s Office, the meeting provided a detailed overview of the initial draft of the state budget for the coming year, which will focus on several key pillars aimed at achieving sustainable economic growth while improving quality of life for Egyptians.
A central focus of the proposed budget will be the government’s ongoing strategic vision for developing human capital, particularly through enhanced funding for the country’s education and healthcare sectors. The new budget will allocate increased resources to these two critical areas, underscoring the government’s commitment to investing in the nation’s human development.
Strengthening Social Protection Programs and Key Initiatives
The fiscal blueprint also includes an expansion of allocations for the government’s social protection programs, notably “Takaful Wa Karama” , which supports vulnerable families. This move is in line with the government’s focus on ensuring a social safety net for citizens most affected by economic challenges.
Additionally, a portion of the budget will be dedicated to the second phase of the presidential initiative “Haya Karima” (Decent Life), which is one of the government’s flagship projects aimed at improving living standards in Egypt’s rural areas through infrastructure development, healthcare services, and economic empowerment programs.
Fiscal Discipline and Debt Management
The meeting also highlighted that the 2025-2026 budget will maintain the government’s fiscal discipline, focusing on reducing the national debt. The budget will prioritize efforts to achieve a higher primary surplus and ensure the continuation of the downward trajectory of the country’s public debt. This strategy aligns with Egypt’s broader financial reforms aimed at bolstering fiscal stability and reducing reliance on external borrowing.
Conclusion
The 2025-2026 fiscal year budget is designed to balance immediate social needs with long-term economic stability, reflecting the government’s commitment to promoting inclusive growth while adhering to fiscal responsibility. As Egypt continues to navigate its economic transformation, the budget will serve as a key tool in achieving both social development and sustainable financial health.
