Egypt Plans Government Spending Rationalization Amid Regional Tensions: Prime Minister
6 Articles
6 Articles
The Egyptian government has approved a decision to cut public spending and suspend funding for non-urgent projects amid the economic fallout from the Middle East crisis, according to cabinet spokesman Mohamed Adel. “The measures to cut public spending are aimed at creating a financial reserve to overcome the potential impact of the crisis in the coming months, as well as reallocating budget funds to increase spending on socially important sector…
The Egyptian Government has agreed to rationalize public spending by reducing government fuel consumption by 30% and electricity by 20%, postponing projects and freezing unnecessary expenditures, in response to the consequences of the war in the Middle East.
Egypt plans government spending rationalization amid regional tensions: Prime minister
Prime Minister Mostafa Madbouly said Thursday that the government is preparing a plan to rationalize public spending and create dedicated fiscal space to address the fallout from escalating regional tensions.
The Egyptian government is seeking to tighten measures to rationalize public spending, through a package of financial and administrative constraints aimed at reducing government expenditures, reducing energy consumption, and reducing new financial obligations, within the framework of procedures until June 30, 2027. The measures include the postponement of the implementation of new projects and the prohibition of contracting them until June 2027,…
The Egyptian Government announced on Thursday the approval of a package of measures to rationalize public spending in the context of reprioritizing spending and addressing the economic consequences of fewer events.
During its meeting today, the Council of Ministers, under the chairmanship of Dr. Mustafa Medpole, approved the proposed draft resolution on the rationalization of public spending by those involved in the general budget of the State and public economic bodies for the fiscal year 2026/2027 under the current circumstances. It was emphasized that the approval of this draft resolution comes in the light of the current events in the [...] region.
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