He added that efforts are underway to diversify financing sources, instruments and markets, with a particular focus on development financing and the domestic market, alongside a gradual reduction in reliance on commercial borrowing. Kouchouk said the government aims for the 2026/2027 fiscal year budget to be both balanced and flexible, incorporating sufficient reserves to absorb potential risks. He also stressed the importance of securing essential goods for citizens and ensuring the availability of production inputs for investors. He said that broadening the tax base would enable more effective spending on services for citizens and investors. Individuals will be exempt from real estate transaction tax when selling property to first-degree relatives, he added.

Source: Daily News Egypt April 04, 2026 17:33 UTC