During the presentation of the new budget's financial statement to the House of Representatives, the minister emphasized that the 2025/2026 budget would be a "budget of growth, stability, and partnership with the business community.” He stated that they build upon the implemented reforms, supported by a noticeable improvement in financial and economic performance over the past nine months. He added that he has sensed their appreciated support for the financial and economic reform path during his previous meeting after his first 100 days in the new ministry.
He further added that he affirms the commitment to the four
priorities of financial policies, including increasing spending on human
development, social protection, and support programs for priority groups. He explained
that the government aims for a positive transformation of the Egyptian economy,
which would be reflected in improving citizens' living standards, creating a
"partnership of trust" between taxes and the business community,
adopting a balanced fiscal policy to drive growth and maintain financial
stability, and reducing debt rates and burdens.
Kouchouk affirmed that the ministry aims to expand the tax
base by incentivizing voluntary compliance with a significant degree of
flexibility and support for taxpayers. He pointed out that the Tax Authority has
begun to change to become a partner that protects taxpayers' rights just as it
safeguards the state's rights.
He told the representatives that without their support, their ideas would not have turned into a new reality that paves the way for formulating a simplified tax system that drives investment.