An article written by Ahmed Kouchouk, Minister of Finance of Egypt and Interim Chair of the Borrowers’ Platform.
He noted that Egypt lost approximately EGP 110 billion in Suez Canal revenues and allocated an additional EGP 150 billion in support for the energy sector.
This move is part of the government’s ongoing efforts to enhance wages and alleviate the financial burden on citizens.
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 first time in years, private Egyptian investments now account for more than 63% of total national investments.
