We have started the implementation of the first package of tax facilities with the aim of providing better and easier tax services to the business community

We aim to stimulate increased private sector contributions to growth. Under the path of financial and economic reform,

we seek to reduce the "value and ratio of debt", "external debt" and "debt service", to create more fiscal spaces with the budget to spend on human development and social protection

Determining a ceiling for public investments, "guarantees" and "general government debt" that contributes to achieving financial discipline and giving more space to the private sector

Expanding the projects of partnership with the private sector (P.P.P.) in various sectors of national priority

Expanding the concept of the general government by merging 59 economic bodies with the budget authorities contributes to "budget comprehensiveness" and improving financial risk management

We look forward to a more flexible and comprehensive view from the global rating institutions of the financial and economic performance of all emerging countries

 

 

 

Minister of Finance, Ahmed Kouchouk, stressed that we are working to build bridges of confidence and certainty between the Tax Authority and investors by laying the foundations of a clear, simple and fair tax system, adding that we have already started implementing the first package of tax facilities with the aim of providing better and easier tax services to the business community, pointing out that we aim to stimulate increased contributions of the private sector to growth, within the framework of financial and economic reform.

 

The Minister said, in a seminar at the British Egyptian Business Association "BEBA" headed by Engineer Khaled Naseer, that we seek to reduce the "value and ratio of debt", "external debt" and "debt service" to create greater fiscal spaces in the budget to spend on human development and social protection, explaining that setting a ceiling for public investments, "guarantees" and "general government debt" contributes to achieving financial discipline, and giving more space to the private sector in economic activity.

 

The Minister added that we aim to expand the projects of participation with the private sector "P.P.P." in various sectors of national priority, within the framework of the State's supportive and stimulating efforts to maximize private investments, pointing out that expanding the concept of the general government by merging 59 economic bodies with the budget authorities contributes to "budget comprehensiveness" and improving financial risk management, and then maintaining financial stability.

 

The Minister pointed out that we look forward to a more flexible and comprehensive view of the global rating institutions of the financial and economic performance of all emerging countries, taking into account the pressures on their economies in light of geopolitical tensions and the associated external and internal challenges.