CAIRO - 8 April 2026: Egypt’s Finance Minister Ahmed Kouchouk announced that the government is revising its spending priorities for the final quarter of the current fiscal year to respond to exceptional economic circumstances. All state agencies are being directed to rationalize spending, focus on essential services, and maintain economic and productive activities.
Key priorities now include securing food and medicine supplies, supporting the education sector, and meeting energy demands, particularly in oil and electricity. Kouchouk stressed, “We are committed to allocating the necessary funds to ensure the stability of essential services for citizens.”
The minister added that energy-intensive projects are being delayed or slowed, and that there is close coordination between the Ministries of Finance and Planning and Economic Development to control capital expenditures and avoid launching new projects.
Other cost-cutting measures include reducing spending on training, travel, and events, while government agencies are being encouraged to enhance their own revenue streams to relieve pressure on the national budget.
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