Ministry of Finance
Finance minister says Egypt’s priority is securing basic needs, expanding targeted support, and tracking markets daily amid turmoil.
Suez Canal tax take hit EGP 55.6bn in Jul-Dec, as Egypt’s tax revenues jumped 32% to EGP 1.204tn.
The package is being fast-tracked as part of a wider push to modernize Egypt’s tax system, with public consultation sessions already underway since mid-September.
Egypt is set to raise $1.5 billion through a dual-tranche sukuk issuance scheduled for Tuesday, October 7, 2025, according to a statement from the Ministry of Finance.
Prime Minister Mostafa Madbouly met Tuesday with newly appointed Egyptian Exchange (EGX) Chairperson Islam Azzam, marking Azzam’s first day in office
He highlighted that fostering a business environment conducive to investment has allowed domestic companies to expand rapidly, compete effectively, and adapt quickly to emerging opportunities.
Kouchouk urged BRICS countries to expand their involvement in tackling the global debt burden, particularly in middle-income nations
The recognition highlights Kouchouk’s “visionary economic stewardship” and his role in implementing bold fiscal reforms that have driven financial stability and inclusive growth in Egypt.
Minister of Finance Ahmed Kouchouk announced that the country’s economy has shown significant improvement, with financial performance indicators for the first eight months of the fiscal year 2024/2025 described as “very good.”
The event, themed "Freelance Work: 9-5 is No Longer the Only Option," brought together a diverse group of freelancers active in both local and global online job markets.
This growth was driven by a broad increase in all tax categories, fueled by the recovery of economic activity
The Egyptian government plans to introduce new initiatives aimed at exchanging debt for investments in sustainable development and green transformation, as announced in a statement from the Ministry of Finance today.
This initiative is designed to accelerate investment in key infrastructure sectors and enhance private sector participation in national development efforts.
While a timeline was not provided, the initiatives are part of a larger strategy to foster the transition to greener, more cost-effective transportation solutions and support sustainable economic growth
To promote compliance with the recently approved tax incentive and relief laws, he urged businesses that have yet to register in the tax system to do so within the designated timeframe, assuring them there would be no penalties for past tax periods.
Kouchouk highlighted that the discussions — which have not yet been disclosed — include swapping debt for investments in clean energy and human development.
The FinMin also outlined that the Ministry of Finance is rolling out 20 new measures designed to improve the tax environment for businesses of all sizes, stressing that these measures are part of a realistic and solution-driven approach
The deficit now stands at 560.6 billion LE, representing 3.2 percent of the GDP, down from 652.7 billion LE, or 4.6 percent of GDP, during the same period in the previous fiscal year
Kouchouk outlined key reforms, including the reinstatement of sample audits for all taxpayers and the pilot launch of the Centralized Electronic Clearing System
Kouchouk outlined the broader context of Egypt's financial and tax policies, which are increasingly focused on stimulating investment, supporting private sector growth, and fostering a partnership between the government and business community.
