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 improvement in fiscal performance to a notable 35% increase in tax revenues, which rose to EGP 756.7 billion.
Presidential Spokesman Mohamed El-Shenawy noted that President Sisi reviewed the preliminary financial performance indicators for FY2024/2025, which showed strong results despite external challenges.
The figure is up 80% from the previous year’s surplus of EGP 350 billion.
He noted that Egypt lost approximately EGP 110 billion in Suez Canal revenues and allocated an additional EGP 150 billion in support for the energy sector.
