We believe that fiscal policies contribute to a significant and effective role in maintaining macroeconomic stability and the sustainability of public finances

Setting a ceiling for public investments that helps achieve fiscal discipline and provides opportunities for the private sector to lead economic recovery and growth in the medium term

Adopting disciplined fiscal policies, more supportive of the business community and more influential in driving economic activities

We will work to support production and export to contribute to enhancing the competitiveness of the Egyptian economy

We aim to create an economic environment conducive to local and foreign investment. based on fair competition

We started by launching a tax facilities package to regain investor confidence, build partnership bridges and to help them compete robustly locally and globally

We aim to expand the tax base through incentives, and work to encourage the integration of the informal economy

We are working on a medium-term strategy to ensure the stability of tax policies and increase investor certainty rates

Launching new measurable initiatives, and getting incentives is linked to achieving goals

Information technology, export, industry and renewable energy sources are of the most important target areas

We will provide sufficient annual funding to implement the strategy of localizing the automotive industry and exporting it, including electric vehicles

We launched a new tourism initiative worth 50 billion pounds to encourage the speed of building hotel rooms and accommodate more tourists

We are working in coordination with the Ministry of Communications and Information Technology to launch a package of facilitations and support in order to localize some IT industries

Moving quickly to put the debt-to-GDP ratio and burdens on a downward trajectory and improve external indebtedness indicators

We seek to create new fiscal spaces for more targeted spending to support production and human and social development

 

 

Ahmed Kouchouk, Minister of Finance, stressed that increasing the contribution and role of the private sector in the Egyptian economy is the top priority for financial and economic reform during the next phase, pointing out that we believe that financial policies contribute to a significant and effective role in maintaining macroeconomic stability and the sustainability of the State's public finances.

 

in an open dialogue with representatives of the business community during a panel discussion organized by "Dcode Economic and Financial consulting», the Minister added that we adopt disciplined financial policies, more supportive of the business community, and more influential in pushing economic activities, where we will work to support production and export to contribute to enhancing the competitiveness of the Egyptian economy, explaining that we aim to create an economic environment conducive to domestic and foreign investment, based on fair competitiveness.

 

The Minister said that we have started to launch a tax facilities package to regain investor confidence, build partnership bridges and help them compete robustly locally and globally, noting that we aim to expand the tax base through incentives, work to encourage the integration of the informal economy, and work on a medium-term strategy to ensure the stability of tax policies and increase investor certainty rates.

 

The Minister explained that the coming period will witness the launch of new measurable initiatives, and that obtaining incentives will be linked to achieving the goals, pointing out that the sectors of information technology, export, industry and renewable energy sources are among the most important target areas, and we will provide sufficient annual funding to implement the strategy of localizing the automotive industry and exporting it, including electric vehicles. We have launched a new tourism initiative worth 50 billion pounds to encourage the speed of building hotel rooms and absorbing a larger number of tourists, and that we are also working in coordination with the Ministry of Communications and Information Technology to launch a package of facilitations and support in order to localize some information technology industries.

 

The Minister stressed that we are working to move quickly to put the ratio and burdens of debt to GDP on a downward path and improve the indicators of external indebtedness, as we seek to create new financial spaces for more targeted spending to support production as well as human and social development.