The Economic Ministerial Group works in harmony with consistent priorities and targets within a clear vision to stimulate growth and development

We are very open to the visions and ideas of the business community. We move flexibly to ease the burdens on the productive and export sectors

The priorities and objectives of financial policies will strongly influence the creation of a business environment conducive to the competitiveness of the Egyptian economy

We are working to regain trust with the business community with successive packages of facilitations entrenching a tangible change in tax reality

We have seen a remarkable response and turnout from the business community to take advantage of the great advantages of the first package of tax facilities

Many challenges will end automatically as we move in the right direction to expand the tax base and establish partnerships with the taxpayers

Tax revenues during the first half of the current fiscal year increased by 38% with the launch of the path of trust, partnership and support for the business community

Targeting allocations for programs and initiatives to stimulate economic sectors during the coming year «Triple» the current year

No exemptions , but we are open to providing "cash support" for some priority activities to achieve clear goals at specific times

We are all working to optimize the use of state assets and provide well management thereof to ensure the best possible returns to support the Egyptian economy

 

Minister of Finance, Ahmed Kouchouk, assured that we bet on the growing and increasing role of the private sector in the Egyptian economy to achieve comprehensive and sustainable development, explaining that the Economic Ministerial Group is working in harmony with consistent priorities and targets within the framework of a clear vision to stimulate growth and development.

 

He said, in a joint panel discussion with Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, organized by the Egyptian Association for Direct Investment and Venture Capital and managed by Ayman Suleiman, President of the Association, that we are very open to the visions and ideas of the business community, and we move flexibly to reduce the burdens on the productive and export sectors, pointing out that the priorities and objectives of financial policies will strongly affect the creation of a business environment conducive to the competitiveness of the Egyptian economy.

 

He added that we are working to restore confidence with the business community with successive packages of facilitations, in a way that establishes a tangible change in the tax reality, stressing that we have seen a thankful response and a remarkable turnout from the business community to benefit from the great advantages in the first package of tax facilities.

 

He pointed out that many challenges will end automatically as we move in the right direction to expand the tax base and establish partnerships with the taxpayers, explaining that tax revenues during the first half of the current fiscal year increased by 38% with the launch of the path of trust, partnership and support for the business community.

 

He stressed that we are targeting allocations for programs and initiatives to stimulate economic sectors during the next year, equivalent to "Triple" the current year saying: "No exemptions , however, we are open to providing cash support for some priority activities to achieve clear objectives at specific times. ”

 

Kouchouk added that we are all working to optimize the exploitation and management of state assets to ensure the best possible returns to support the Egyptian economy.