Kouchouk affirmed the government’s openness to political and national forces, stressing that their proposals will be reflected in the country’s economic path.
Minister of Finance, Ahmed Kouchouk, said that EGP 48 billion has been allocated in the new state budget to stimulate exports, noting that the government is targeting programs to support priority sectors while encouraging export growth. He added that Egypt has significant opportunities for expansion in service industries, particularly outsourcing and information technology.
Kouchouk affirmed the government’s openness to political and national forces, stressing that their proposals will be reflected in the country’s economic path. He emphasized that there is no single decision capable of solving all challenges, highlighting the need for a comprehensive and integrated vision that aligns with national priorities and targets.
Speaking during an open dialogue with the Coordination of Youth Parties and Politicians, the minister said Egypt benefits from international experiences but must follow an approach suited to its own conditions and capabilities. He stressed that improving financial indicators should not come at the expense of economic activity or growth.
He added that the government is adopting balanced fiscal policies aimed at stimulating the economy while maintaining fiscal discipline and financial stability. These efforts include expanding the economic, production, and tax bases to strengthen state resources, noting that sustainable development requires a strong and competitive economy.
Kouchouk also pointed to ongoing efforts to implement packages of tax, real estate, and customs incentives to strengthen trust-based partnerships with the business community. He said the government remains committed to supporting citizens and encouraging economic activity despite current challenges, while working to manage public finances in a way that provides strong backing for investment and exports.
The minister noted that the new budget prioritizes human development and improving essential public services, with fiscal policy priorities reflected in financial allocations, programs, and initiatives designed to deliver tangible improvements in people’s daily lives.
He added that the government is continuing to advance its state asset offering program, which is expected to see notable progress in the coming period. He also highlighted ongoing support for the transition to solar energy, noting that Egypt plans a significant increase in new and renewable energy capacity over the next two years.
Kouchouk further announced plans to establish dedicated tax service centers for compliant taxpayers to deliver high-quality services. He explained that the simplified tax system represents a major incentive for young entrepreneurs and small industries, with low-cost financing available for the first 100,000 participants joining the system.
Finally, the finance minister emphasized that the government aims to significantly improve public debt indicators to create greater fiscal space to support citizens and investors, adding that any exceptional revenues will be directed directly toward reducing the overall debt burden.
