By: TPA News Desk | editor@thepointafricanews.com

Egypt’s parliament has endorsed the national budget for the fiscal year 2025/26, beginning July 1, with plans to boost real GDP growth to 4.5 percent, nearly double the 2.4 percent recorded in 2023/24.

The EGP 4.6 trillion ($91 billion) budget represents an 18 percent increase in spending and a 19 percent rise in projected revenues, translating into a planned EGP 1.5 trillion deficit. It outlines a targeted primary surplus of EGP 795 billion (about 4 percent of GDP), and aims to reduce public debt from 92 percent to 82.9 percent of GDP.

To fund social and economic resilience, allocations include EGP 732.6 billion for subsidies, grants, and welfare—a 15 percent increase from the previous year—covering staples, energy, bread, and essential social programmes. Additionally, public sector wages will rise by over 18 percent, and public investment will increase to EGP 1.16 trillion, up from EGP 1 trillion.