Tuesday 14/October/2025 – 07:13 PM
Ahmed Kouchouk, Minister of Finance, confirmed that the Egyptian economy is improving and growing with increasing investor confidence, and as a result, the economic and financial reforms are bearing fruit in terms of economic and financial effectiveness with a growth rate of 4.4%, as well as the strong performance of the industrial sectors and contribution to recording information during the last fiscal year.
In an open dialogue with investors in Australia Bank, Standard Chartered and Citi, during the participation of more than the IMF and the Bank, in Washington, Kajok said that the private sector is pumping more investments into the Egyptian economy, and has achieved a growth in investments by 73% during the general fiscal year, pointing out that public investments help provide more space for private investments and reduce the government’s debt for private commercial investments.
The Minister explained that the main indicators are heading for the better and the future expectations are highly expected to push further reforms, noting that better results were achieved, firstly 3.6% of GDP during the past year, and a decline in the debt-to-GDP ratio by 10% within two years, in addition to the most prominent international classifications that highlighted its stimulating economic impact.
The Minister stressed that there are more opportunities for investment in the Egyptian economy and access to African and European markets, noting that our financial policies include enhancing economic activity through production and export initiatives and making the growth structure more comprehensive, and integrated and integral to economic reforms, which is reflected in the noticeable impact of other rates.
The Minister pointed out that tax revenues will continue during the first quarter of the current year while completing the path of trust, partnership and certainty with the business community, pointing to the first fund for tax facilitations to rely on simplifying measures, ending disputes and attracting new financiers voluntarily, and that there is a new package of facilitations in “customs” and “real estate taxes” that will reduce the burdens on investors.
