Speaking during an open dialogue with members of the
American Chamber of Commerce in Cairo, Kouchouk noted that the government has
delivered on commitments announced a year ago, within clear priorities that
enhance competitiveness. He added that Egypt’s tax system is improving,
reflecting a genuine partnership with the business community, and praised investors’
confidence and their strong response to recent tax concessions.
The Minister highlighted that balanced economic and fiscal
policies have supported strong private sector performance across both
production and services. He pointed out that tax revenues grew significantly
without imposing new burdens, while spending on health, education, and social
protection increased. He added that indicators from last year were encouraging
and that the government is working on a comprehensive strategy to reduce the
debt-to-GDP ratio and improve all related indicators.
Kouchouk stressed that lowering government debt remains a
top priority, with exceptional revenues directed toward debt reduction. He
further announced a new, more flexible export support program that will better
serve exporters and stimulate growth.
The Minister also revealed plans to launch the second
package of tax concessions for public dialogue soon, aiming to ease procedures
for all registered taxpayers. He concluded by reaffirming the government’s
ambition to make Egypt a more competitive, export-driven economy and to
position the country among the world’s leading economies within the next
decade.