EGP 202 Billion Allocated to Pensions in Upcoming Year

The Ministry of Finance has revealed that the Egyptian government is allocating EGP 202 billion of its budget for the fiscal year 2023/24 to pensions, an increase of around six percent compared to EGP 191 billion in the current fiscal year.

The new budget will see total expenditures of EGP 2.99 trillion and total revenue of EGP 2.14 trillion.

Additionally, there will be an investment of EGP 1.65 trillion, including EGP 1.05 trillion from the government and EGP 600 billion from the private sector.