An employee carries money at an exchange office in downtown Cairo – Reuters/Amr Dalsh
CAIRO - 1 February 2022: Minister of Finance, Mohamed Maait, announced an increase in Egypt's public revenues during the first half of the current fiscal year (2021-2022) by 10.3 percent.
Maait said, Tuesday, that tax revenues rose by an annual growth rate of 15.7 percent during the period from July to the end of last December, compared to the same period of the last fiscal year.
He added that this reflects the remarkable improvement in economic activity and the movement of buying and selling, and the results of projects to develop and automate the tax system by integrating the informal economy into the formal economy, raising the efficiency of tax collection, and collecting the dues of the state's public treasury.
Comments
Leave a Comment