President of the Republic issued Law No. 55 of 2025, which approves the final account of the Housing Finance Fund’s budget for the fiscal year 2023/2024. The law reveals a notable surplus of EGP 136 million, reflecting sound financial management. The Fund’s total final account stood at approximately EGP 551.1 million, with current expenditures amounting to EGP 121.7 million, including EGP 11 million allocated to wages. Current revenues exceeded EGP 257.8 million, resulting in a net profit of EGP 136.06 million, strengthening the Fund’s financial position for the future.
Current revenues reached EGP 257.8 million, leading to a net profit of EGP 136.06 million, which was recorded as a carried surplus that boosts the Fund’s financial standing. On the other hand, capital expenditures amounted to EGP 293.3 million, which were fully financed through various capital revenues, indicating a financially balanced approach without the need for loans or external financing.
The Fund’s total final budget for the fiscal year 2023/2024 is approximately EGP 551.1 million, with a focus on both expenditures and revenues. Article Seven of the law stipulates its publication in the Official Gazette and enforcement as of May 13, 2025. The Fund’s financial performance demonstrates its ability to achieve a surplus through expenditure control and increased revenues, supporting housing and urban development projects.