Egypt Parliament Approves 2026/27 Budget and Overhauls Tax Procedures

The Egyptian House of Representatives approved the state budget for fiscal year 2026/27, projecting revenues of about 4.1 trillion Egyptian pounds and expenditures of roughly 5.2 trillion pounds. The plan targets a primary surplus of 5 % of GDP and a total deficit of 4.9 % of GDP, the highest surplus and lowest deficit in a decade. Spending is to rise for public‑sector wages, health, education, social protection and support for exports and industrial production.

In a separate vote, the parliament ratified amendments to the tax‑procedure law aimed at modernising Egypt’s tax system. The changes mandate electronic invoicing and receipt systems, require all taxpayers to maintain regular accounting records, and introduce temporary tax cards valid for eight months to help new enterprises comply while integrating them into the digital tax framework. The reforms are presented as part of a broader shift toward a fully digital tax environment, improving transparency, collection efficiency and compliance with international standards.