Egypt prioritises private sector growth – FinMin

Egypt’s Finance Minister, Ahmed Kouchouk, focuses on fiscal policies that support the private sector, attract investment, and drive economic growth. He added that his ministry prioritises assisting small investors, startups, and entrepreneurship projects with tax incentives.

Kouchouk, at the Economic Forum in Hurghada, organised by the Centre for International Private Enterprise (CIPE), explained that the proposed simplified tax system supports small SMEs and entrepreneurs offering more incentives and simplified procedures.

The government plans to introduce the first batch of the simplified procedures for real estate and customs taxes within the coming few weeks, as per a statement by the Ministry of Finance.

The ministry is creating financial policies to back private sector investments in production, manufacturing, and exports. It is also devising a debt reduction plan to allocate funds for key economic activities and boost spending on health, education, and social protection.

Attribution: The Ministry of Finance’s statement

Subediting: M. S. Salama