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Egyptian State Budget

Egypt directs EGP 6B of FY2022/2023 budget to export development | FinMin

The minister also added that they have allotted EGP 6.025 billion in the budget to go towards digital transformation and cybersecurity projects

Egypt’s budget deficit for FY 2021/2022 drops to 6.1% from 7.4%

This is less than the state budget’s target of 6.7% despite the growing costs of rising food and energy prices during the 2nd half of the year

New state budget “the largest in Egypt’s history” | FinMin

Maait stressed that the new budget is the largest in Egypt’s history by exceeding the 3 trillion mark

Egypt expects state revenues to climb 11% in upcoming FY

This will be boosted by expected tax revenues of EGP 1.6 trillion in FY 2022/202

Egypt’s state budget remains resilient amidst global challenges | FinMin

Maait stated that the economy would be able to withstand and absorb further repercussions from the pandemic, the ongoing Russia-Ukraine conflict, and inflation wave