Sunday 18/May/2025 – 08:53 PM
Ahmed Kajuk, Minister of Finance, stressed that the efforts to empower the private sector began to pay off by taking 60% of the total investments during the first half of the current fiscal year.
He added that the Egyptian economy is developing for the best with good and ambitious indicators, and that the strong results of financial performance, during the past ten months, prompt us to complete the path of economic reform within the framework of a comprehensive and integrated national program.
Kjok said, during his meeting with Nigel Clark, Deputy Director General of the International Monetary Fund during his first visit to Egypt, that we achieved the highest first surplus during the period from July to April by 3.1% of GDP, pointing out that we adopt an advanced path in managing financial policies to advance economic activity with more motivated and effective initiatives.
He explained that we expect a strong return on the positive movement of the tax facilities package in stimulating efforts to expand the tax base; Tax reform is based on building confidence with financiers in a framework of partnership and strong support for the business community.
