Financial discipline is based on policies that stimulate investment and entrepreneurship to achieve economic development

An ambitious strategy to improve debt indicators and create a positive impression of economic reform among citizens

We reduced the debt of the budget entities to 89% of GDP. External debt declined by about $3 billion in 2023/2024

Private sector leadership for development is positively reflected in better managing our resources and improving our financial indicators

Stimulating programs and initiatives to boost economic activity, enhance its competitiveness, and support production and export

We are building strong partnerships with the business community, based on “trust, certainty, partnership and commitment to rights and duties”

Expanding the tax base by including new taxpayers enhances our ability of spending on meeting the basic needs of citizens

We are committed to the speedy implementation of "tax facilities" as soon as the laws on incentives and facilitations are issued

An integrated tax system for small businesses, entrepreneurial activities and professionals that includes incentives, exemptions and facilitations for all types of taxes (income, value added, stamp and development fee)

Facilitated mechanisms for settling tax disputes and creating a stable and attractive business environment for investments

 

 

Minister of Finance, Ahmed Kouchouk, assured that we seek to create a "state of dialogue" to involve the business community and citizens in our economic orientations and financial policies, pointing out that achieving financial discipline is based on policies that stimulate investment and entrepreneurship to achieve economic development.

 

The Minister added, during his participation in a dialogue session with the members of «Rotary Nasr City, Al-Shorouk and the 10th of Ramadan», that we are working on an ambitious strategy to improve debt indicators in a way that contributes to creating a positive impression of economic reform among citizens, explaining that we were able to reduce the debt of the budget agencies to 89% of GDP, and to decrease external debt by about $3 billion during 2023/2024

 

The Minister explained that the leadership of the private sector for development is positively reflected in better managing our resources and improving our financial indicators, pointing out that we are working to implement incentive programs and initiatives to boost economic activity, enhance its competitiveness and support production and export.

 

The Minister said that we are working to build strong partnerships with the business community based on "trust, certainty, partnership and commitment to rights and duties.", and that we aim to expand the tax base by including new taxpayers in a way that enhances our ability of spending on meeting the basic needs of citizens.

 

He added that we are committed to the rapid implementation of the first package of tax facilities immediately after the issuance of the laws on incentives and facilitations, which include an integrated and simplified tax system for small companies, entrepreneurship activities and professionals that includes incentives, exemptions and facilitations for all types of taxes (income, value added, stamp and development fee). The laws also include simplified mechanisms for settling tax disputes in a way that contributes to creating a stable business environment that attracts investments.