The ministry said that the overall budget deficit reached EGP 974.5 billion, equivalent to 4.6% of GDP, compared to EGP 879.3 billion, or 4.8 % of GDP, during the corresponding period a year earlier.
The Ministry of Finance announced that the primary surplus in the state budget rose significantly to EGP 656.8 billion during the period from July to February of the 2025/2026 fiscal year, representing 3.1% of GDP, compared to EGP 330 billion, or 1.8 % of GDP, during the same period of the previous fiscal year.
The ministry said that the overall budget deficit reached EGP 974.5 billion, equivalent to 4.6% of GDP, compared to EGP 879.3 billion, or 4.8 % of GDP, during the corresponding period a year earlier.
The ministry attributed the fiscal performance to tighter control over public spending during the period, as part of ongoing efforts to improve debt management through diversifying financing sources, reducing reliance on the Treasury Single Account, adhering to legal borrowing limits, and enforcing a cap on public investment spending of EGP 1.2 trillion for the current 2025/2026 fiscal year.
It also noted that total public revenues increased by 39.7 %, equivalent to about EGP 573 billion, over the eight-month period, reaching EGP 2.015 trillion, compared to EGP 1.442 trillion during the same period of the previous fiscal year.
Tax revenues accounted for roughly 80% of total revenues, while non-tax revenues contributed 19.9%.
Meanwhile, total public expenditures rose by EGP 645.8 billion, or 28%, to reach EGP 2.954 trillion during the eight months, compared to EGP 2.308 trillion during the same period a year earlier.
