Egypt’s Minister of Finance, Ahmed Kojok, has announced a significant EGP 90 billion allocation in the new budget for the 2026/2027 fiscal year, aimed at expanding support programs for production, exports, and entrepreneurial activities. The move signals the government’s strategy to strengthen productive sectors and enhance the economy’s competitiveness.
Quick Facts
- Total EGP 90 billion stimulus package
- EGP 5 billion for small projects and entrepreneurship
- EGP 48 billion to clear export rebate arrears
A Multi-Billion Pound Push for Production and Exports
According to Kojok, the new budget is designed to build “an economy more capable of good and balanced growth, and more responsive to the needs of citizens and investors alike.”
A major portion of the fund, EGP 48 billion, is designated for clearing export rebate arrears, a long-standing demand from the industrial community. A further EGP 7 billion will be used to support the tourism sector, a critical source of foreign currency for the country. These allocations underscore the government’s focus on stimulating sectors that can generate dollar inflows and drive employment.
Targeted Funding for Key Industries and Startups
The financial package also includes targeted support for specific industries and the startup ecosystem. EGP 6 billion is set aside as financing facilities for productive sectors to enhance industrial and agricultural capabilities.
The country’s growing startup scene will see direct support with an allocation of EGP 5 billion for small projects and entrepreneurship. Additionally, the budget provides EGP 5 billion to support the local automotive industry and EGP 2 billion to incentivize other priority industries.
About The Egyptian Ministry of Finance
The Egyptian Ministry of Finance is the government body responsible for managing the state’s public finances. Its mandate includes preparing the national budget, developing fiscal policy, managing public debt, and overseeing tax and customs authorities to support sustainable economic growth and stability in Egypt.
Source: Yalla Business
