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State Budget

Cabinet approves Egypt’s Unified General Finance Law amendment

Maait also said that the ministry will submit a Tax Policy Strategy for Egypt 2024/2030 document to the National Dialogue

Debt-to-GDP ratio to reach less than 85% by end of June 2028: FinMin

minister of Finance, Mohamed Maait, stated that President El Sisi directed to increase public spending and improve the conditions of citizens, and sustainable work to raise their standard of living

Robust economic growth, reforms propel Egypt's budget towards surplus

Egypt's general state budget shows significant growth with an 18.5% increase in revenue and a 21.9% surge in tax revenues, bolstering fiscal stability and debt reduction efforts.

AfDB lowers Egypt’s inflation projection to 14%, GDP to grow 4.8% in coming FY

The AfDB projects Egypt’s average inflation rate at 14% for the next fiscal year (FY2023/2024), down from 20%, citing “high food and nonfood prices and the devaluation of the Egyptian pound against the US dollar"