Ahmed Kouchouk, Minister of Finance, confirmed that we are working on three main priorities to advance the movement of the Egyptian economy in light of the difficult global and regional challenges, by working to deepen the partnership with the private sector and provide it with more space in economic, investment and development activities, saying: “We and the business community are partners in “The path to enhancing the competitiveness of the Egyptian economy and achieving high growth rates.”
Kajok added, at the conference of the Scientific Society for Tax Legislation, that the first package of tax facilities is a serious step in the path of “trust, partnership and certainty” with the business community, and aims to improve the tax services provided to them and provide cash liquidity to them, explaining that we have already begun implementing this package by re-examination. A sample for all financiers in various tax centres, municipalities and regions, in addition to the trial operation of the central clearing system between investors’ receivables and their debts to the government. This contributes to making it easier for them and providing them with cash liquidity.
He said that new packages of facilitations will be launched for the benefit of citizens and investors in real estate taxes and customs during the coming period, pointing to the launch of a community dialogue on the “tax policy document” during the first quarter of the next fiscal year.
He pointed out that our financial policies will go beyond focusing only on the goals of achieving financial discipline, but will also be more comprehensive and stimulating for economic activities, especially in the productive and export sectors. He stressed that we are studying an ambitious program to support export activities for the coming years in a way that achieves our goals and takes into account the needs of exporters. We are also studying some initiatives to support sectors. Industry and clean energy transition.
The Minister explained that we are working on an integrated and coherent strategy to improve all indicators of government debt. This contributes to providing sufficient financial space to increase investment in human development.
