Kouchouk affirmed the government’s openness to political and national forces, stressing that their proposals will be reflected in the country’s economic path.
This growth was driven primarily by a rise in collections from local payroll taxes, which increased by about EGP 39.8 billion to record EGP 149.7 billion.
The ministry said that the overall budget deficit reached EGP 974.5 billion, equivalent to 4.6% of GDP, compared to EGP 879.3 billion, or 4.8 % of GDP, during the corresponding period a year earlier.
In a statement issued on Sunday, the minister said the bond provides a fixed annual return of 17.75 %, net of taxes, paid on a monthly basis for a period of 18 months.
Suez Canal tax take hit EGP 55.6bn in Jul-Dec, as Egypt’s tax revenues jumped 32% to EGP 1.204tn.
