The Ministry of Finance announced a significant decrease in the overall budget deficit for the period between July and November of the current fiscal year (2024/2025), amounting to 92 billion EGP.

The deficit reached 560.6 billion EGP, representing 3.2% of the GDP, compared to 652.7 billion EGP which amounts to 4.6% of GDP during the same period of the previous fiscal year.

Additionally, the primary surplus saw a historic increase, reaching EGP 170 billion, a threefold increase compared to EGP 60.8 billion during the same period last year. This is the highest primary surplus ever recorded.

The primary surplus (or deficit) represents the difference between the government's revenues and expenditures, excluding interest payments on debts.

The Ministry attributed this positive outcome to a significant rise in tax revenues, which grew by 38.4% during the review period. This, combined with better control over public spending, improved debt management by distributing interest payments over the fiscal year, and diversifying financing sources, all contributed to the budget's performance.

Moreover, efforts to reduce public investments funded by the treasury, by adhering to the investment ceiling of 1 trillion EGP for the current fiscal year, played a crucial role.