The ministry attributed the improvement in fiscal performance to a notable 35% increase in tax revenues, which rose to EGP 756.7 billion.
The Ministry of Finance announced that Egypt’s primary budget surplus increased by EGP 106.6 billion during the period from July to October of the current fiscal year 2025/2026, reaching EGP 236.8 billion, compared to EGP 130.2 billion in the same period of the previous fiscal year.
In its report issued on Thursday, the ministry added that the overall budget deficit reached EGP 662.2 billion, equivalent to 3.2% of GDP during the first four months of the fiscal year, compared to EGP 453.2 billion, or 2.6% of GDP, recorded in the same period last year.
The ministry attributed the improvement in fiscal performance to a notable 35% increase in tax revenues, which rose to EGP 756.7 billion.
This reflected broad-based growth across all tax categories, supported by stronger engagement with the business community, improved partnership mechanisms, the recovery of economic activity, the easing of the foreign-exchange crisis, and the continued digitalization of the tax system, which helped expand the tax base and strengthen revenue administration.
The statement also pointed to tighter control over public spending during the period under review, in line with ongoing efforts to improve debt management through distributing interest payment obligations more evenly across the fiscal year.
The ministry highlighted progress in diversifying financing sources by reducing reliance on the unified treasury account and adhering to legal borrowing limits, while also slowing the growth of treasury-funded public investments by maintaining the investment spending ceiling at EGP 1.2 trillion for the current fiscal year.
Total public revenues increased by EGP 215.7 billion over the four-month period, reaching EGP 863.9 billion, compared to EGP 648.2 billion in the same period last year. Tax revenues accounted for 87.6% of total revenues, while non-tax revenues represented 12.4%.
Public expenditures rose by 37.3%, increasing by EGP 409.6 billion to reach EGP 1.507 trillion, compared to EGP 1.098 trillion in the same period of the previous fiscal year.
The ministry attributed the rise to the government’s continued efforts to implement fiscal discipline measures while reprioritizing spending toward human development and essential public services.
