Egypt’s Finance Minister Ahmed Kouchouk said on Wednesday that prioritising essential supplies for citizens and production requirements for investors is key to mitigating economic risks. The minister explained that the ministry is working to provide the necessary financial allocations to meet basic needs, with a specific focus on social spending and human development. The minister highlighted ongoing efforts to monitor procedures for rationalising spending and consumption across all state entities, directing financial allocations toward strategic priorities. He stated that hedging tools, rationalisation, and the optimal use of reserves assist in limiting potential risks and alleviating pressures on the state budget. He stressed the necessity of daily monitoring regarding economic developments, international trade, and global markets to follow domestic and regional repercussions.

Source: Daily News Egypt April 01, 2026 23:52 UTC