Kouchouk pointed out that many economic challenges will be automatically resolved as the government expands the tax base and strengthens partnerships with taxpayers.
Egypt’s tax revenues grew by 38% in the first half of FY2024/2025, according to a statement by Minister of Finance, Ahmed Kouchouk, at a panel discussion organized by the Egyptian Association for Direct Investment and Venture Capital.
Kouchouk pointed out that many economic challenges will be automatically resolved as the government expands the tax base and strengthens partnerships with taxpayers.
For the next fiscal year, Kouchouk stressed that Egypt plans to triple the allocations for economic stimulus programs and initiatives compared to the current year.
He reaffirmed the government’s commitment to expanding the role of the private sector in the country’s economy to achieve comprehensive and sustainable development.
Kouchouk emphasized that the economic ministerial group operates in harmony, with aligned priorities and objectives within a clear vision to stimulate growth and development.
Minister Kouchouk stressed that Egypt is highly open to the insights and ideas of the business community.
He added that the government is adopting a flexible approach to alleviate burdens on productive and export-oriented sectors.
He stressed that fiscal policies will play a key role in creating a competitive and business-friendly environment for Egypt’s economy.
The government is working to restore confidence with the business community through successive facilitation packages, ensuring a tangible transformation in the tax landscape.
He noted a positive response from businesses, with strong interest in benefiting from the first phase of tax relief initiatives.
