The Board of Directors of the Internal Trade Development Authority (ITDA) held a meeting chaired by Dr. Mohamed Awad Ibrahim, Chairman of the Authority, to discuss the estimated budget proposal for the fiscal year 2026/2027, alongside reviewing the mid-term budgetary framework for the next three years.
This meeting aligns with the Authority’s commitment to applying principles of rational financial planning, enhancing resource efficiency, and supporting financial sustainability. During the session, Dr. Mohamed Awad Ibrahim reviewed the specific determinants of the proposed budget, which aims to support ITDA's strategic plans to develop the internal trade system, raise institutional performance, and improve service quality for citizens and the business community.
The Chairman emphasized that the budget project is being developed in light of the directives of Dr. Sherif Farouk, Minister of Supply and Internal Trade, regarding the necessity of continued modernization of the trade sector. This includes boosting digital transformation and service automation to simplify procedures, achieve higher transparency, and improve the overall investment climate in Egypt.
He explained that the proposed budget focuses heavily on digital transformation programs, particularly the full automation of the Commercial Registry and the development of core technological infrastructure. This will allow for the expansion of electronic service provision nationwide, keeping pace with the state’s shift toward a digital government.
The Board also discussed the mid-term budgetary framework, which establishes a clear financial vision for the next three years. This framework enables advance planning for major projects and programs, allowing priorities to be set according to actual needs while accounting for global and local economic variables.
Discussions also touched upon developing the Authority’s self-generated resources and supporting specialized training programs for employees. Enhancing the human element is a priority to ensure high performance and seamless coordination with other relevant government entities.
In conclusion, Dr. Mohamed Awad Ibrahim reaffirmed ITDA's commitment to implementing its developmental plans according to a comprehensive financial vision. This approach supports the state’s goals for sustainable economic development and enhances the efficiency of internal trade infrastructure, fulfilling the vision of the country’s political leadership.
