Following a meeting with Prime Minister Dr. Mostafa Madbouly and Finance Minister Ahmed Kouchouk, the presidency announced that direct cash assistance will be distributed to eligible groups before the start of the fasting month, which begins in March.
In a move to ease seasonal financial pressure, El-Sisi
instructed that February salaries for state employees be disbursed within the
coming week. The package is designed to support families through both Ramadan
and the subsequent Eid El-Fitr holiday, presidential spokesperson Mohamed
El-Shennawy said.
The presidency also approved additional funding to finalize the
first phase of Decent Life (Haya Karima) Iniitiative, a massive rural
infrastructure and development initiative.
Funding will be prioritized for targeting the most
vulnerable demographics, clearing surgical waiting lists and providing critical
care treatments, and accelerating the rollout of the universal health insurance
system.
The Finance Ministry presented a series of proposed reforms
for the 2026-2027 fiscal year aimed at simplifying the tax and real estate tax
systems.
Finance Minister Ahmed Kouchouk briefed the President on the
progress of negotiations with the International Monetary Fund (IMF),
identifying the reduction of the national debt-to-GDP ratio as a national
priority. He outlined the government’s fiscal performance and its strategy to
bolster investor confidence while increasing the competitiveness of the
Egyptian economy.
Discussions also covered plans to raise state employee incomes and a new tax reform package for fiscal year 2026-2027. The proposal focuses on streamlining tax and real estate systems while adjusting customs tariffs to protect domestic industry and reduce smuggling. These reforms are specifically tailored to support industrial growth and encourage new investment.