The Finance Ministry has increased its revenue target from taxes and fees on goods and services to EGP 2.6 tn for the fiscal year 2025-2026, according to a government document seen by EnterpriseAM.

The details: The ministry increased its revenue target from fees paid for private services, licenses, and vehicles, as well as its share of fees collected from special government funds and accounts to EGP 94.7 bn in the upcoming fiscal year, up from EGP 75 bn in the current fiscal year, according to the document. This will raise the forecast for the total fees collected to EGP 327 bn up from EGP 283.4 bn.

The government is also expecting to collect EGP 20 bn from various service fees, up from EGP 15.5 bn in the current fiscal year. Revenues from judicial fees are expected to nearly double to reach EGP 9 bn, up from EGP 5.6 bn.

Other sources of revenue include:

  • Revenues from consular service fees are expected to reach EGP 15.5 bn, up from EGP 8.1 bn in the current fiscal year;
  • Revenues from fees and taxes on vehicles are expected to reach EGP 16.6 bn, up from EGP 12.7 bn;
  • Fees from customs services are expected to bring in revenue of EGP 3.3 bn, up from EGP 2.1 bn this year;
  • Revenues from foreign residency fees are expected to rise to EGP 279.1 mn, up from EGP 117 mn in the current fiscal year;
  • Expanding the investment-for-citizenship scheme is expected to bring in some EGP 115 mn, compared to EGP 50 mn;
  • Citizenship application fees are expected to generate some EGP 65 mn;
  • Revenues from departure fees are also expected to rise to EGP 2.2 bn, compared to EGP 1.5 bn in the current fiscal year.

REMEMBER- Revenues and expenses are both forecasted to rise in next year’s budget, which pencils in a 23% y-o-y jump in public revenues to EGP 3.1 tn and a 19.2% y-o-y rise in expenses to EGP 4.6 tn.

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