Minister of Finance Ahmed Kouchouk stressed that the new budget for FY 2026-2027 works to build an economy more capable of good and balanced growth and more responsive to citizens and investors alike.
Kouchouk said EGP 90 billion has been allocated in the new budget to expand programs supporting production, service and goods exports and entrepreneurship activities, noting that EGP 48 billion is for export rebates and around EGP 7 billion to support the tourism sector.
The finance minister added that EGP 6 billion has been allocated as financing facilities for productive sectors to maximize industrial and agricultural capacity, EGP 5 billion to support small businesses and entrepreneurship, around EGP 5 billion to support the automotive industry and EGP 2 billion to stimulate priority industries.
This was according to the statement published on the official Facebook page of Egypt's Cabinet.
