Egypt Reports Sharp Rise in Fiscal Surplus and Revenues in First Five Months of 2025/2026
Egypt’s Ministry of Finance announced on Wednesday a significant increase in the primary budget surplus during the first five months of the 2025/2026 fiscal year, reaching EGP 306.8 billion, compared with EGP 170 billion in the same period last year.
The report showed that the budget deficit totaled EGP 754.5 billion, equivalent to 3.6% of GDP, up from EGP 560.6 billion, or 3.1% of GDP, in the same period last year.
Tax revenues rose sharply by 35% year-on-year to EGP 961.6 billion, driven by growth across income, commercial, and industrial taxes, along with continued benefits from earlier tax reforms. Adjustments to the value-added tax (VAT) also contributed to higher revenue from local goods and services.
Overall public revenues increased by 33% to EGP 1.1 trillion, while non-tax revenues accounted for 12.6% of the total. Public spending grew by 32.6% to EGP 1.833 trillion, reflecting ongoing government efforts to manage expenditures, prioritize human development, and maintain fiscal discipline.
The ministry highlighted efforts to control public spending and manage debt by distributing interest payments across the fiscal year and diversifying funding sources, while keeping investment spending within the ceiling of EGP 1.2 trillion for the current fiscal year.
