rki.news | Source: Xinhua
CAIRO, Oct. 12 — Egypt recorded a balance-of-payments surplus of $2.8 billion in the 2025/2026 fiscal year, reversing a deficit of $2.1 billion a year earlier, the Central Bank of Egypt said Monday.
The capital and financial account registered net inflows of $23.2 billion, more than double the previous year’s $10.2 billion. These included $18 billion in net foreign direct investment and $4.2 billion in portfolio investment.
Remittances from Egyptians working abroad rose 29.6 percent to $47.3 billion, while tourism revenues increased 10.3 percent to $18.4 billion. Suez Canal transit receipts also climbed 21.6 percent to $4.4 billion.
However, the current account deficit widened to $22.5 billion from $15.4 billion, reflecting a larger merchandise trade gap and investment income deficit. The non-oil trade deficit expanded 25.4 percent to $46.6 billion.
Economic researcher Abu Bakr al-Deeb told Xinhua that strong financial inflows had improved Egypt’s external position despite continuing trade pressures.
He cautioned that the surplus alone did not mean underlying economic imbalances had been resolved. Egypt needs to strengthen exports, improve competitiveness and channel investment into productive sectors to increase domestic output and foreign currency earnings, he said.
Egypt Records $2.8 Billion Balance-of-Payments Surplus
