The Egyptian government works in harmony to manage a safe economic path with an integrated and stimulating vision for productive and export activities

The indicators of financial and economic performance during the past nine months are very good and reassuring and drive us to complete the path of pro-growth reforms

For the first time, we set targets and indicators for financial and economic performance in the medium term as part of the «budget document»

Maintaining a primary surplus, reducing the total deficit of the budget, and decreasing the burdens, service and debt rates of GDP

Committed to the ceiling of the debt of the «General Government», public investments, and guarantees to create sufficient financial spaces for economic, social and human development

The State provides good opportunities for the private sector, enhancing the competitiveness of the Egyptian economy through targeted initiatives within a specific time frame

Allocating 78 billion pounds in the new budget to support tourism, productive, industrial and export activities

We adopt a new approach to facilitate the tax system with a great deal of trust, partnership and support with investors

We work hard to expand the tax base and create a state of trust, certainty and partnership between revenue authorities and the business community

 

 

 

Minister of Finance, Ahmed Kouchouk, assured that the economic situation of Egypt has become better, and will improve in a balanced and tangible manner during the next four years, explaining that the Egyptian government is working in harmony to manage a safe economic path with an integrated and stimulating vision for productive and export activities.

 

Kouchouk said, at a roundtable of more than 60 investors at the invitation of the Morgan Stanley Foundation on the sidelines of the meetings of the IMF and the World Bank in Washington, that the indicators of financial and economic performance during the past nine months are very good, reassuring, and drive us to complete the path of pro-growth reforms.

 

He added that for the first time, we set targets and indicators for financial and economic performance in the medium term as part of the "budget document", pointing out that we aim to maintain a primary surplus, reduce the total budget deficit, and reduce the burden, service and debt rates of GDP.

 

He stressed that we are committed to the ceilings of the debt of the «general government», public investments, and guarantees, to create sufficient financial spaces for economic, social and human development.

 

The Minister pointed out that the state provides good opportunities for the private sector, which enhances the competitiveness of the Egyptian economy with specific initiatives within a specific time frame. 78 billion pounds have been allocated in the new budget to support tourism, productive, industrial and export activities.

 

He explained that we are adopting a new approach to facilitate the tax system with a great deal of trust, partnership and support with investors, stressing that we are working hard to expand the tax base and create a state of trust, certainty and partnership between the revenue authorities and the business community.