Egypt’s finance ministry said the 2026/27 budget earmarks 80 billion Egyptian pounds for programmes that support production, exports and entrepreneurship.
Key takeaways
- Funding allocation: EGP 80 bn designated for targeted economic support.
- Concessional financing: Micro, Small and Medium Enterprise Development Agency to provide low‑cost loans.
- Digital initiatives: Simplified tax system and real‑estate tax app to streamline services.
- Co‑ordination with other ministries: Plans for two joint funds with investment and industry ministries.
- Entrepreneur engagement: Ministry seeks dialogue with startups to shape policy.
Budget earmarks and financing mechanisms
Finance Minister Ahmed Kouchouk told participants at the Techne Summit that the allocated funds will be channeled through the Micro, Small and Medium Enterprise Development Agency, which offers concessional financing to qualifying firms. He said the ministry’s role is to stimulate economic activity while preserving fiscal stability.
Digital reforms and tax simplification
Kouchouk highlighted a wholly Egyptian simplified tax system aimed at small businesses. He also noted that more than 1.2 million citizens have registered on a mobile app for real‑estate tax, which is being continuously upgraded to improve accessibility.