Minister of Finance Ahmed Kouchouk on Thursday, June 25, 2026 said that Egypt seeks to benefit from France's experiment in digitizing and simplifying government procurement procedures, while targeting closer cooperation with Paris in expanding the tax base and streamlining tax and customs procedures.
Speaking during a meeting with French Minister of Public Action and Accounts David Amiel on the sidelines of the 2026 Paris Finance Forum, Kouchouk stated that Egypt's fiscal policy has become more effective in supporting economic activity and promoting growth and development.
"Our fiscal policy has become more influential in driving the economic path and achieving growth and development, as we seek to strike a balance between stimulating economic activity and maintaining fiscal discipline and stability," Kouchouk said. He added that expanding the country's economic, productive, export and tax bases remains a key priority to boost state revenues.
"We have opened a new chapter of trust-based partnership with investors through successive packages of tax and customs incentives that offer practical solutions to real-world challenges," the Minister said, noting that the private sector had responded positively to economic and fiscal reforms, with investments rising by 73 percent in the previous fiscal year.
Kouchouk stressed the importance of harnessing technology and artificial intelligence to improve and facilitate services provided to businesses and citizens. He indicated that strong investment in human capital would remain the most important element in any reform or modernization process to ensure sustainable and effective outcomes.
The Minister said that Egypt is entering the new fiscal year with strong economic and financial performance, citing a significant primary surplus, a decline in the overall budget deficit and a downward trajectory in the debt-to-GDP ratio.