The Egyptian House of Representatives (Parliament) discussed the draft state budget for 2025-2026. The discussions witnessed controversy between those who criticized the government's borrowing policy and the increase in interest rates on debt, and those who defended the budget presented by the government under "exceptional international circumstances that require national unity." Revenues in the new Egyptian budget, approved by the government last March and sent to Parliament, are estimated at approximately 3.1 trillion Egyptian pounds ($61 billion), with an annual growth rate of 19 percent. Meanwhile, expenditures amount to 4.6 trillion Egyptian pounds ($91.1 billion), an increase of 18 percent, with an expected deficit of 1.5 trillion Egyptian pounds ($29.6 billion).
Source (Al-Sharq Al-Awsat Newspaper, Edited)
