Egypt Sets Aside $1.6 Billion in New Budget to Support Private Businesses and Increase Exports
Egypt will spend \$1.6 billion (EGP 78 billion) in its next budget, starting in July 2025, to support private businesses, increase exports, and make the country’s industries more competitive, Finance Minister Ahmed Kouchouk said on Tuesday.
Egypt’s New Budget Plan in Simple Terms
Egypt has announced a new budget focused on boosting the economy. The government plans to support exporters, tourism, manufacturing, small businesses, and clean energy. This is part of a larger plan to work more with the private sector and grow the economy in a sustainable way, according to the State Information Service.
One major part of the budget is $910.4 million (EGP 45 billion), which will go to help exporters starting in July. This money will be used to pay exporters what they are owed quickly, through a special incentive program.
Another $169.9 million (EGP 8.4 billion) is set aside to support tourism, such as building more hotel rooms to handle the growing number of visitors.
To grow local industries, $598.8 million (EGP 29.6 billion) will support factories and production. This is 69% more than last year. An extra $101.2 million (EGP 5 billion) will help expand production in key industries.
Support for Small Businesses and Green Energy
The budget also includes $101.2 million (EGP 5 billion) to support small, medium, and micro businesses with cash incentives.
Another $60.7 million (EGP 3 billion) will help boost Egypt’s car industry by supporting local vehicle and parts production.
In addition, $60.7 million (EGP 3 billion) will go toward energy projects to shift to cheaper and cleaner energy sources.
Economic Growth Expectations
Egypt expects its economy to grow by 4.5% in the next financial year, compared to 4% this year. The country’s total GDP is expected to reach $399 billion (EGP 20.4 trillion), up from $336.4 billion (EGP 17.2 trillion) this year.
Government spending will rise by 19.2% to $88.9 billion (EGP 4.6 trillion), while income from various sources is expected to grow by 23% to $60.6 billion (EGP 3.1 trillion).
Tax Revenue Goals
Prime Minister Mostafa Madbouly’s government plans to collect $50.9 billion (EGP 2.6 trillion) in taxes next year. This will be done by better enforcing existing tax laws and making changes to customs and property taxes—without adding new taxes on the public.
Published: 9th June 2025
For more article like this please follow our social media Twitter, Linkedin & Instagram
Also Read:
How to Attract Luxury Travelers to Your Destination
Asian Firms Eye Listings on Saudi Stock Market: Report
Iraq, Türkiye’s Alifrin to Double Power Line Capacity
