FinMin Kouchouk outlines Egypt’s new fiscal strategy at BEBA Mission

Egypt’s Minister of Finance, Ahmed Kouchouk addressed investors on Thursday during a session focused on de-risking the country’s investment environment.

At the British Egyptian Business Association (BEBA) annual door-knock Mission to the UK, Minister Kouchouk announced a significant shift in the government’s fiscal strategy.

Beginning with the 2024/2025 fiscal year, the Egyptian government has presented a consolidated general government budget to parliament. This budget includes fiscal operations for all 59 economic authorities, in addition to the traditional budget for budget sector entities.

The minister explained that this consolidation aims to enhance transparency and accountability.

“… going forward, we will prepare, monitor, and report to the public on fiscal and debt for both budget sector and the consolidated General Government,” Minister Kouchouk stated.

By providing a clearer picture of the nation’s financial health, the Egyptian government hopes to reduce risks for investors and foster a more stable investment environment. Minister Kouchouk’s participation in the BEBA Mission underscored the government’s commitment to economic reform and transparency, positioning Egypt as an attractive destination for foreign investment.