Egypt ramps up export incentives with LE 48B allocation in FY budget

CAIRO – 23 April 2026: Finance Minister Ahmed Kouchouk announced that LE 48 billion has been earmarked in the new state budget to boost exports, noting that the government is rolling out targeted programs to support priority sectors while accelerating export expansion. He added that Egypt holds strong growth potential in service industries, particularly outsourcing and information technology.

Kouchouk reaffirmed the government’s openness to engaging with political and national stakeholders, stressing that their proposals will help shape the country’s economic direction. He underscored that no single measure can resolve all economic challenges, highlighting the importance of adopting a comprehensive and coordinated vision aligned with national priorities and development targets.

During an open dialogue with the Coordination of Youth Parties and Politicians, the minister said Egypt draws lessons from global experiences but must pursue policies tailored to its own economic conditions and capabilities. He emphasized that improving fiscal indicators should not come at the expense of economic momentum or business activity.

He added that the government is implementing balanced fiscal policies designed to stimulate growth while preserving financial discipline and macroeconomic stability. These policies include expanding the economic, productive, and tax bases to strengthen state revenues, noting that sustainable development depends on building a resilient and competitive economy.

Kouchouk also highlighted ongoing initiatives to introduce packages of tax, real estate, and customs incentives aimed at reinforcing trust-based partnerships with the private sector. He stressed that the government remains committed to supporting citizens and sustaining economic activity despite current challenges, while managing public finances in a way that strengthens investment and export performance.

The minister noted that the new budget places strong emphasis on human development and improving essential public services, with fiscal priorities translated into allocations, programs, and initiatives that deliver measurable improvements in citizens’ quality of life.

He added that progress is expected in the government’s state asset offering program in the coming period, while reaffirming continued support for the transition toward solar energy, with plans to significantly expand renewable energy capacity over the next two years.

Kouchouk further announced plans to establish specialized tax service centers for compliant taxpayers to provide high-quality support. He explained that the simplified tax system serves as a key incentive for young entrepreneurs and small-scale industries, with low-cost financing available for the first 100,000 participants joining the scheme.

Finally, the finance minister emphasized that improving public debt indicators remains a core objective to create additional fiscal space to support citizens and investors, adding that any exceptional revenues will be directed toward reducing the overall debt burden.