Monday, 25 May 2026
Egypt achieves record financial performance in 2024/2025 despite economic challenges
Egyptian President Abdel Fattah El-Sisi met today with Prime Minister Dr. Mostafa Madbouly and Finance Minister Ahmed Kouchouk to review the country’s financial performance for the 2024/2025 fiscal year. The meeting highlighted significant achievements in Egypt’s fiscal indicators, despite external economic pressures, according to the official spokesperson for the Presidency, Ambassador Mohamed El-Shennawy.
The fiscal year recorded a primary surplus of approximately EGP 629 billion (3.6% of GDP), an 80% increase from the EGP 350 billion surplus in the previous fiscal year. This milestone was achieved despite a 60% shortfall in Suez Canal revenues, resulting in losses of around EGP 145 billion compared to budget projections. Finance Minister Kouchouk attributed the robust financial performance to improved economic indicators, a surge in private investments, and growth in manufacturing and exports.
Tax revenues saw a remarkable 35% growth, the highest in recent years, reaching EGP 2.204 trillion. This was driven by tax facilitation measures, an expanded tax base, and enhanced trust with the business community. Key reforms included the use of technology, such as e-commerce units and risk management systems, alongside simplified procedures and faster VAT refund processes.
From February to August 2025, over 401,929 tax dispute resolution requests were processed, and more than 650,000 voluntary or amended tax declarations were submitted, generating EGP 77.9 billion. Additionally, 104,129 small businesses with annual revenues up to EGP 20 million benefited from tax incentives under Law No. 6 of 2025.
The government also allocated significant funds to social programs. Over EGP 2.3 billion was spent on health insurance contributions for low-income citizens, and more than 80,000 critical medical cases were treated at state expense. In education, EGP 4 billion was invested to hire 160,000 teachers to address shortages, while EGP 6.25 billion supported school meal programs to combat malnutrition.
President El-Sisi emphasized the importance of maintaining fiscal discipline to bolster Egypt’s economic performance and support development efforts. He called for stronger partnerships with the private sector, a balanced fiscal policy to drive growth, and a focus on reducing debt service burdens. The President also directed continued efforts to achieve a primary surplus, increase spending on social protection programs like “Takaful and Karama,” and prioritize health and education to alleviate citizen burdens and promote social justice.