Fiscal policies. will be more influential in managing risks and opportunities to enhance the competitiveness of our economy

Supporting the private sector to be more competitive in all investment and business departments

The first package of tax facilities reflects our determination to build bridges of partnership and trust with the business community

We are working to reduce the rate and burden of debt to GDP.. with a deeper vision of comprehensive economic reform

 

 

Minister of Finance, Ahmed Kouchouk, stressed that the European Union is an important economic partner for Egypt, and that there are great opportunities to deepen cooperation between the two sides in order to achieve common interests. He pointed out that during the next phase, we look forward to increasing the investments of the European Union countries in the Egyptian market, to benefit from the incentives provided by the Egyptian State that are linked to results and targets on the ground, within the framework of great efforts by the government to create a more competitive and sustainable investment environment.

 

In his meeting with Christian Berger, Ambassador of the European Union to Egypt, the Minister added that fiscal policies will be more effective in managing risks and opportunities to enhance the competitiveness of our economy, and that the first package of tax facilities that we recently launched reflects our determination to build bridges of partnership and trust with the local and foreign business community, and our keenness to facilitate and standardize tax procedures and transactions, increase tax certainty rates, and stimulate startups, by meeting the tax needs of our partners, in a manner consistent with the measures, procedures and other initiatives taken by the government that stimulate investment and drive domestic production and export. He pointed out that we believe in the need to support our private sector partners in order to be more competitive in all investment and business circles, and that there is no alternative to creating a favorable and investor-friendly environment.

 

The Minister pointed out that we are working to reduce the rate and burden of debt to GDP with a deeper vision of comprehensive economic reform, pointing out that we are keen to diversify the sources, tools and markets of financing and expand the base and segments of investors within the framework of an integrated strategy to put debt indicators on a downward path in the medium term, taking into account the adoption of governance policies, and focusing spending on priority areas of the government's work program, and more targeted to mobilize domestic revenues by supporting sectors of the real economy.