Egypt’s fiscal policy has become increasingly effective in supporting economic growth and development, Minister of Finance Ahmed Kouchouk said on Thursday.
He also stressed that that the government is maintaining a careful balance between stimulating economic activity and preserving fiscal discipline and stability.
During a meeting with French Minister of Accounts and Public Revenues David Amiel on the sidelines of the Paris Forum, Kouchouk said that Egypt has opened a new chapter of confidence and partnership with investors through successive packages of tax and customs incentives designed to provide practical solutions to real business challenges.
He emphasised that expanding the economic, productive, export and tax base remains a key priority to strengthen state revenues and support sustainable growth.
The private sector has responded positively to the government’s economic and financial reforms, with private investments recording a growth rate of 73 per cent during the last fiscal year, reflecting growing confidence in the Egyptian economy and its future prospects, the minister noted.
Kouchouk added that the government is accelerating efforts to harness technology and artificial intelligence to improve and simplify services provided to both the business community and citizens, thereby enhancing efficiency, transparency and the quality of public services.
He emphasised that sustained investment in human capital remains the cornerstone of any successful reform and development process, ensuring long-term and sustainable outcomes across all sectors of the economy.
Kouchouk also highlighted Egypt’s interest in strengthening cooperation with France through the exchange of expertise in expanding the tax base and simplifying tax and customs procedures.
Egypt is keen to benefit from the French experience in the digitalisation and simplification of government procurement systems as part of wider efforts to modernise public financial management, he concluded.
