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Egypt’s budget exceeds EGP 3trn in FY22/23

Egypt has allocated more than EGP 3 trillion in the 2022-2023 budget to complete the development process, increase public spending, and improve the services offered to citizens, the Egyptian Minister of Finance, Mohamed Maait, said.

In fiscal year (FY) 2022/2023, the total value of public spending and estimated revenues amounted to around EGP 2 trillion and EGP 1.5 trillion.