Prime Minister, Mostafa Madbouly, met with Minister of Finance Ahmed Kouchouk to review the preliminary estimates for the 2026/2027 fiscal year budget.

At the beginning of the meeting, the Prime Minister reaffirmed the government’s continued commitment to improving the quality of services provided to citizens across various sectors, as part of its efforts to advance human development goals.

 He emphasized that the upcoming budget places particular focus on the health and education sectors, which will receive a significant share of allocations within the 2026/2027 fiscal year budget.

 Madbouly added that the budget aligns with the government’s efforts to implement a balanced fiscal policy that supports the achievement of key economic objectives while maintaining fiscal discipline.

During the meeting, Finance Minister Ahmed Kouchouk presented the preliminary estimates of the draft budget for the 2026/2027 fiscal year, as well as the medium-term fiscal policy priorities and directions.

He explained that these priorities aim to establish a new partnership with the business community, as part of broader efforts to rebuild trust, improve services, and provide greater clarity and certainty.

This approach includes introducing additional tax and customs facilitation measures, expanding the tax base without imposing new burdens on citizens or businesses, integrating new taxpayers into the simplified tax system, and supporting industrial and export-oriented activities.

The minister added that the medium-term fiscal policy framework also seeks to implement a balanced fiscal strategy that stimulates economic activity and growth, helps achieve the targeted growth rates under the 2026/2027 budget, supports inflation stability, and contributes to reducing the budget deficit.

Kouchouk also noted that the government plans to implement a comprehensive strategy to improve debt service indicators, including efforts to extend the average maturity of public debt.

He further stressed that fiscal policy priorities in the coming period aim to create sufficient fiscal space to strengthen social protection and human development programs, while improving living standards for citizens.

This will be achieved through increased allocations for health and education, in addition to supporting programs such as Takaful and Karama, social security initiatives, programs for rural women leaders, the child allowance, and several other initiatives designed to enhance the services provided to citizens across multiple sectors.