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The FY 2026/27 budget is designed to prove the reforms are here to stay
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Budget deficit widens to 3.2% of GDP in first four months of FY 2025-26
The primary surplus rose to EGP 236.8 bn during the period
Budget deficit widens to 2.5% of GDP in 1Q FY 2025-2026
The primary surplus rose to EGP 178 bn during the quarter
GDP growth accelerate to 4.4% in FY 2024-25 despite regional and global headwinds
On a quarterly basis, the economy grew 5% in 4Q FY 2024-25
Our first look at the economy’s performance last fiscal year
Tax revenues jumped 35% y-o-y during the fiscal year
Events in the region may cause the recently-greenlit state budget to undergo amendments
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Budget amendments might be on the way if regional escalation persists
Amendments are expected to come in 2H 2025 or before the end of the current parliamentary session in October
Financing gap set to rise over 25% next fiscal year to EGP 3.6 tn
The widening requirements are attributed to a fall in non-tax revenues coupled with increased social spending
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