Egypt Approves FY 2026/27 Budget with EGP 1.2Tn Surplus Target and Expanded Social Spending

CAIRO — Egypt has approved its state budget for fiscal year 2026/2027, outlining a more assertive fiscal consolidation path while scaling up social spending and investment incentives, in what officials describe as a calibrated response to both domestic economic needs and external risks. The cabinet, chaired by Mostafa Madbouly, signed off on the budget following […]