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Egypt's cabinet approves 2026/27 budget with $96.7bln of spending
Egypt's cabinet approved the 2026/27 budget with 5.1 trillion Egyptian pounds ($96.7 billion) of expenditure, it said on Thursday in a statement. The cabinet said Egypt expected public revenue of 4 trillion Egyptian pounds in 2026/27, up by 27.6% from the current budget. Taxes make up more than 79% of revenue, according to the latest finance ministry figures, while half of the expenditure is geared towards interest payments alone. [...]