Ministry of Finance

Finance Minister Ahmed Kouchouk recognized as Africa’s Finance Minister of the Year by African Leadership Magazine

Wed, 04 Jun 2025 - 11:17 GMT

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.

Economy shows significant improvement in first 8Ms of FY2024, says FinMin

Tue, 08 Apr 2025 - 03:13 GMT

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.”

Egypt hosts 2nd Freelancers Forum, fostering growth, empowerment in freelance industry

Thu, 27 Mar 2025 - 12:58 GMT

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.

Egypt’s primary surplus hits new record as budget deficit declines: Finance Ministry

Wed, 26 Mar 2025 - 01:04 GMT

This growth was driven by a broad increase in all tax categories, fueled by the recovery of economic activity

Egypt studying new debt swap initiatives to bolster sustainable development: Kouchouk

Tue, 11 Feb 2025 - 12:42 GMT

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.

Egypt, EBRD establish €10M fund to boost private sector involvement in infrastructure

Wed, 05 Feb 2025 - 01:18 GMT

This initiative is designed to accelerate investment in key infrastructure sectors and enhance private sector participation in national development efforts.

Egypt to launch new initiatives supporting NatGas adoption and electric vehicles as part of green growth strategy

Wed, 05 Feb 2025 - 11:55 GMT

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

No penalties for past tax periods for unregistered SMEs if registered soon: Kouchouk

Mon, 27 Jan 2025 - 02:34 GMT

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.

Egypt considers new debt swaps for 2025, investments to include clean energy: Kouchouk

Sun, 26 Jan 2025 - 12:28 GMT

Kouchouk highlighted that the discussions — which have not yet been disclosed — include swapping debt for investments in clean energy and human development.

Kouchouk reveals new e-system and measures for investor and tax issues to go live in February

Mon, 20 Jan 2025 - 11:22 GMT

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

Finance Ministry reports budget deficit decline to 3.2%, historic primary surplus

Wed, 01 Jan 2025 - 12:40 GMT

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

Finance Minister announces tax reforms, boost for private sector growth

Sun, 15 Dec 2024 - 09:39 GMT

Kouchouk outlined key reforms, including the reinstatement of sample audits for all taxpayers and the pilot launch of the Centralized Electronic Clearing System

Egypt’s Finance Minister: Govt. aims to reduce domestic and foreign debt by Q1 2025

Wed, 11 Dec 2024 - 03:52 GMT

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.

New comprehensive public debt reduction strategy to be finalized by Q1 2025: Kouchouk

Mon, 09 Dec 2024 - 12:49 GMT

Kouchouk emphasized that Egypt’s immediate goal is to reduce the country’s debt-to-GDP ratio to 85 percent by the end of the current fiscal year during an economic conference on Monday

Egypt’s finance minister outlines key priorities to drive economic growth and inclusivity

Sun, 08 Dec 2024 - 02:45 GMT

In a speech at the Scientific Association for Tax Legislation Conference, Minister Ahmed Kouchouk highlighted three main priorities aimed at boosting economic activity, encouraging private sector participation, and enhancing Egypt’s economic competitiveness

Egypt’s central bank to issue LE 19B in T-bonds Monday

Mon, 02 Dec 2024 - 12:13 GMT

The issuance includes three tranches: the first, valued at LE 5 billion, has a two-year term, and the second is worth LE 12 billion with a three-year term.

Egypt’s central bank to issue $900M in US dollar-dominated T-bills Monday

Mon, 02 Dec 2024 - 08:16 GMT

These bills, with a maturity of 364 days, are scheduled to mature on December 2, 2025, according to the bank’s website.

Egypt is set to issue a sovereign EGP sukuk in first quarter of 2025: Finance Minister

Thu, 28 Nov 2024 - 05:25 GMT

This development underscores Egypt's commitment to diversifying its financing sources and tapping into innovative financial instruments to address its budget deficit.

Finance Minister highlights Egypt’s keenness to bolster financial, investment co-op with Bahrain

Thu, 28 Nov 2024 - 03:02 GMT

According to the finance minister, both countries are eager to leverage their long-standing historical ties to address global economic challenges and advance their shared goals of sustainable development.

Egypt's public expenditures surge by 7.3% in FY2024/2025

Wed, 27 Nov 2024 - 03:58 GMT

Spending on wages and employee compensation saw a notable increase of 22.4 percent, amounting to LE 197.1 billion over four months, up from LE 160.9 billion.Expenditures on goods and services surged by 50.3 percent, reaching LE 56 billion compared to LE 37.2 billion.

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