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اقتصاد
Source: اقتصاد
24 Hrsاقتصاد
Source: اقتصاد
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Egypt’s Cabinet, chaired by Mostafa Madbouly, approved measures to rationalize spending during fiscal year 2026/2027. They include cutting fuel consumption by government vehicles by at least 30%, reducing electricity and lighting use by 20%, and freezing at least 20% of the remaining appropriations for purchasing goods and services. The measures will remain in effect for three months, with the possibility of extension. They also include postponing new and energy-intensive projects and restricting travel and spending on advertising and events. Essential sectors and services—including health, national security, education, and the “Decent Life” initiative—are exempt. The government aims to address rising energy and financing costs and ease pressure on the budget, while maintaining essential services and social spending.
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