#egyptians
Egypt has reduced energy subsidy allocations to around EGP 120 billion (USD 2.28 billion) in its draft 2026/2027 fiscal year budget, down from approximately EGP 150 billion (USD 2.85 billion) in the current fiscal year, according to a statement by the Ministry of Finance on Saturday, 11 April. The reduction of roughly 20 percent comes as part of ongoing efforts to rationalise public spending and improve the efficiency of energy use. Finance Minister Ahmed Kouchouk said the new allocations are…
