Egypt Achieves Record Primary Budget Surplus of EGP 629bn Despite Sharp Fall in Suez Canal Revenues - Dailynewsegypt

Egypt Posts Record EGP 629B Surplus in FY 2024/25 | The Middle East Observer

Egypt posted a record primary budget surplus of EGP 629 billion for fiscal year 2024/25, equivalent to 3.6% of GDP, topping the previous year’s EGP 350 billion by a striking 80%, the Presidency announced on August 16. Despite a 60% shortfall in Suez Canal revenues—resulting in an EGP 145 billion loss—the finance ministry credited the […]

Egypt Records Highest-Ever Primary Surplus of EGP 629 Billion in FY2024/25

Egypt has achieved its largest-ever primary budget surplus, recording EGP 629 billion ($13.1 billion) in the fiscal year 2024/25, equivalent to 3.6% of GDP, according to a statement released Saturday by the Egyptian Presidency.

Egypt achieves record primary budget surplus of EGP 629bn despite sharp fall in Suez Canal revenues - Dailynewsegypt

Egypt recorded its highest-ever primary budget surplus in fiscal year 2024/2025, reaching EGP 629bn ($13.2bn), equivalent to 3.6% of GDP, the presidency announced on Saturday. The figure represents an 80% increase compared with the previous year, despite a steep decline in Suez Canal revenues. Finance Minister Ahmed Kouchouk briefed President Abdel Fattah Al-Sisi during a meeting with Prime Minister Mostafa Madbouly, noting that the strong perfo…