Egypt Unveils Flexible FY 2026/27 Budget: Finance Minister Kouchouk Signals Shift Toward Human Development and Private Sector Growth
Egypt’s Minister of Finance, Ahmed Kouchouk, announced that the upcoming FY 2026/27 budget is built on a "balanced and flexible" framework, incorporating strategic reserves to mitigate potential global risks. During an open dialogue with economic experts, Kouchouk revealed that the new budget prioritizes human capital, with a massive 30% increase in health spending and a 20% surge in education funding.
The Minister emphasized a shift in debt management strategy, aiming to reduce the total deficit and primary debt while diversifying financing tools to limit reliance on commercial loans. To stimulate the economy, the government is launching a second package of tax facilities featuring 33 legislative and executive measures. Key incentives include the abolition of double taxation on dividends between subsidiaries and parent companies, and replacing capital gains tax with a stamp duty to encourage institutional investment in the Egyptian Exchange (EGX).
