Growth rate increased from 2.5% to 3.9% during July-December 2024

Inflation fell from 33.3% in March 2024 to 13.6% in March 2025

33% growth of non-oil exports with revenues of about $32 billion during the period from July to March 2025

Achieving a primary surplus of 2.5% and the total deficit declines to 6.3% of GDP during the period from July to March 2025

We made "facilities and incentives" and achieved the highest annual growth rate of tax revenues by 38% by building confidence and expanding the tax base

82% growth rate of Egyptians' remittances abroad during the first half of the current fiscal year

13.1% growth of the tourism sector, 12.4% for manufacturing industries and 15.1% for communications and information technology within 6 months

The private sector accounts for 60% of total investments in 6 months

Tax Authority extends the hand of trust, partnership and support to the business community, within the framework of an integrated vision to empower the private sector

New Budget «Growth, stability and partnership with the business community»

Supporting the production, industry, export and tourism sectors with more targeted programs and initiatives

We are ready to work together to overcome any challenges and offer more competitive investment incentives

We aim to support investors with policies that maintain the competitiveness of the Egyptian economy and the stability of economic and financial conditions

 

 

Minister of Finance, Ahmed Kouchouk, assured that the economic situation in Egypt is developing for the better, and that «indicators confirm this», explaining that the growth rate rose from 2.5% to 3.9% during the period from July to December 2024, and that inflation fell from 33.3% in March 2024 to 13.6% in March 2025, and non-oil exports achieved a growth of 33% with revenues of about $32 billion during the period from July to March 2025

 

Kochouk said, in his meeting with the ambassadors of 15 Asian countries at the residence of the Turkish ambassador in Cairo, that a primary surplus of 2.5% of GDP was achieved during the period from July to March 2025, and that the total budget deficit decreased to 6.3% of GDP, pointing out that we have made "facilities and incentives" and achieved the highest annual growth rate of tax revenues by 38% by starting the path of building confidence with the business community, and expanding the tax base.

 

He added that the remittances of Egyptians abroad recorded a growth rate of 82% during the first half of the current fiscal year, and the tourism sector witnessed a growth rate of 13.1%, manufacturing industries by 12.4%, and communications and information technology by 15.1% during 6 months as well, explaining that the private sector accounts for 60% of total investments in 6 months

 

The Minister pointed out that the Egyptian Tax Authority extends "the hand of trust, partnership and support" to the business community within the framework of an integrated vision to empower the private sector, stressing that the budget for the next fiscal year (2025/2026) is a balance of "growth, stability and partnership with the business community," as it focuses significantly on supporting the production, industry, export and tourism sectors with more targeted programs and initiatives.

 

He said that we are ready to work together to overcome any challenges and provide more competitive investment incentives, pointing out that we aim to support investors with policies that maintain the competitiveness of the Egyptian economy and the stability of economic and financial conditions.