Minister of Finance Ahmed Kouchouk said that the government's top priority is to ensure that economic growth delivers tangible improvements in citizens' living standards, stressing that Egypt's economy is in a stronger position and that reforms will continue to support sustainable growth.
In his remarks at a meeting with investors hosted by Société Générale in Paris, Kouchouk said the government is encouraging production, supporting exports, and improving the business environment by simplifying tax, customs, and real estate procedures to attract more investment.
He noted that Egypt continues to offer attractive opportunities across priority sectors, noting stronger private investment, recovering manufacturing activity, and rising non-oil exports during the current fiscal year. Kouchouk also added that fiscal performance is expected to exceed this year's targets, supported by a 29 percent increase in tax revenues without introducing new taxes.
Additionally, the Minister affirmed that the government is also expanding concessional financing to create more fiscal space for development spending.