The Prime Minister follows up on developments in the economic reform program during a meeting "Ministerial Group"
Dr. Mostafa Madbouly, Prime Minister, chaired this evening the meeting of the Ministerial Economic Group. To discuss a number of topics and files related to economic affairs, in the presence of Hassan Abdullah, Governor of the Central Bank, Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, Ahmed Kajouk, Minister of Finance, Eng. Hassan Al-Khatib, Minister of Investment and Foreign Trade, Yasser Sobhi, Deputy Minister of Finance for Financial Policies, Rami Abul Naga, Deputy Governor of the Central Bank, and a number of ministries and central bank officials. Counselor Mohammed Al-Homsani, official spokesman for the Presidency of the Council of Ministers, said that the meeting discussed the latest developments related to the economic reform program implemented by the government and the Central Bank in cooperation with the International Monetary Fund, pointing out that reference was made in this context to the International Monetary Fund’s announcement that the Fund’s mission will visit Egypt on the first of next December to conduct the fifth and sixth reviews.
Counselor Mohammed Al-Homsani explained that the meeting of the Ministerial Economic Group reviewed the most prominent economic reforms that took place over the period. In the past, it was noted in this regard that the government was able to achieve very good economic performance indicators, especially in terms of the inflation rate, which is witnessing a noticeable downward trend, as well as efforts to reduce debt, developments in tax policy, and the positive results of increasing tax revenues.
Al-Homsani added: The meeting also reviewed a number of economic reforms that took place over the past months, including exiting some economic sectors, improving public debt management, and enhancing financial transparency.
The official spokesman for the Presidency of the Council of Ministers explained that it was noted during the meeting that a greater decline in the inflation rate is expected during the month of next December in light of the relative stability of regional conditions, and in a related context, the government’s commitment to cooperating with the Central Bank in maintaining the flexible exchange rate policy was emphasized.
Counsel Muhammad Al-Homsani said: The meeting reviewed the reforms. Which took place within the framework of the Resilience and Resilience Fund program, especially with regard to dealing with the effects of climate change, and how to mitigate their effects, and in connection with this, Dr. Rania Al-Mashat reviewed the measures taken to expand the “Novi” program projects.
He added: The meeting also addressed comprehensive structural reform efforts for various sectors (economic – social – sectoral), as well as efforts to link structural reforms to the economic reform program that is being implemented in cooperation with the IMF. International.
Al-Homsani pointed out: In this regard, the structural reforms that have been implemented or are being implemented in this framework include many measures related to the legal and legislative aspects, as well as those related to work strategies and plans, raising institutional and operational efficiency, and providing more regulatory procedures that contribute to facilitating and facilitating business, in addition to the many incentives and facilitations that have been approved that have contributed to attracting more investments to many promising sectors, especially the industrial and energy sectors.
The official spokesman for the presidency explained. The Council of Ministers said that during the meeting, the results of the actual financial performance for the period from July to September for the fiscal year 2025/2026 were reviewed, indicating in this regard that this period witnessed the achievement of the highest value of the primary surplus, amounting to about 179 billion pounds, compared to a first surplus of 90 billion pounds for the same period of the previous fiscal year.
Al-Homsani added: The meeting witnessed a noticeable improvement in tax revenues thanks to the facilitation of procedures through the mechanization of tax systems and the development of tax management systems.
Ahmed Kajouk explained that the period from July to September 2025/2026 witnessed an increase in allocations directed to the health and education sectors. At the same time, allocations for support programs, grants, and social benefits grew.
