Egypt’s Finance Minister Ahmed Kouchouk said the government has allocated EGP 90 billion, equivalent to around $1.72 billion, in the new FY2026/2027 budget to support productive sectors and drive stronger economic growth.

According to an official statement, Kouchouk said the budget aims to build a more resilient and balanced economy that better responds to the needs of both citizens and investors.

Exports will receive the largest share of the allocation, with EGP 48 billion, equivalent to around $920 million, directed toward export subsidy programs for goods and services. The tourism sector is also set to receive around EGP 7 billion, equivalent to nearly $134 million, in support.

The budget also includes EGP 6 billion, equivalent to around $115 million, in financing facilities to strengthen industrial and agricultural production, alongside EGP 5 billion, equivalent to around $96 million, for SMEs and entrepreneurship initiatives.

A further EGP 5 billion, equivalent to around $96 million, will be allocated to support Egypt’s automotive industry, while EGP 2 billion, equivalent to around $38 million, will go toward stimulating priority industries.

The FY2026/2027 budget has been approved by the cabinet and submitted to President Abdel-Fattah El-Sisi. It is now awaiting final approval from parliament before the start of the new fiscal year on July 1, 2026.