Egypt allocates 90.6 billion EGP to energy sector within 135.6 billion EGP package since Iran-related conflict began
via Egypt Today1 min read
Egypt has allocated 90.6 billion EGP to its energy sector, part of a larger 135.6 billion EGP package directed towards strategic sectors since the start of the Iran-related conflict, according to Finance Minister Ahmed Kouchouk. The package also includes 30 billion EGP for basic commodities and 15 billion EGP for healthcare, aiming to ensure essential service continuity and maintain economic stability. Kouchouk stated that the government is managing risks through stronger reserve buffers and flexible budget reallocations, with fiscal policy focused on supporting citizens and reinforcing financial resilience. During the current fiscal year, Egypt mobilized approximately 670 billion EGP for strategic sectors, including 483.4 billion EGP for energy, 75.2 billion EGP for healthcare and medicines, and 112 billion EGP for food and essential goods. Presenting the FY2026/2027 budget to Parliament, the minister projected revenues at 4 trillion EGP, a 30 percent increase, and expenditures at 5.1 trillion EGP, a 13.2 percent growth. The budget also allocates 80 billion EGP to support production, manufacturing, entrepreneurship, and exports, alongside 48 billion EGP for export rebates, 6.7 billion EGP for tourism support, and 6 billion EGP in financing facilities for productive sectors. Additionally, 821 billion EGP is allocated for wages, 832.3 billion EGP for subsidies and social protection, and 120 billion EGP for energy support and restructuring measures, in addition to allocations f
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This summary was AI-generated from a story originally published by Egypt Today.
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