Egypt’s Minister of Finance Ahmed Kouchouk has underlined the government’s openness to engaging with political and national forces, confirming that their proposals will be reflected in shaping Egypt’s economic trajectory.
Speaking during an open dialogue with Youth Parties and Politicians Coordination Committee on Thursday, the minister stressed that no single or “magic” decision can resolve existing challenges, highlighting the need for a comprehensive and integrated vision grounded in clear priorities and objectives.
As the government draws on international experiences, the key principle remains pursuing a path aligned with Egypt’s specific circumstances, capabilities and national goals, he said.
He emphasised that improving financial indicators must not come at the expense of economic growth, rejecting any approach that could lead to contraction or stagnation, the Finance Ministry said in a statement.
Kouchouk further affirmed that the government is adopting balanced fiscal policies aimed at stimulating economic activity while maintaining financial discipline and stability.
He pointed to ongoing efforts to expand the economic, productive and tax base as a cornerstone for strengthening state resources, stressing that sustainable growth depends on building a strong and competitive economy.
He further highlighted the implementation of a package of tax, real estate and customs incentives designed to reinforce trust and partnership with the business community.
Despite current challenges, he confirmed the government’s continued commitment to supporting citizens and driving economic activity, alongside advancing a public finance framework that enhances support for investment and exports.
The minister explained that the new state budget prioritises human development and the improvement of essential public services, with fiscal policy priorities clearly reflected in allocations, programmes and initiatives that directly impact citizens’ daily lives.
Up to LE48 billion has been allocated to support export growth, targeting priority sectors, while also emphasising the strong potential within service industries, particularly outsourcing and information technology, the minister revealed.
Kouchouk noted that further progress is expected in the IPO programme in the coming period, the statement added.
The minister also underscored continued efforts to support the transition to solar and renewable energy, highlighting anticipated growth in this sector over the next two years as part of a broader strategy to deliver cost efficiencies for citizens and investors.
Specialised tax centres will be established to provide high-quality services for compliant taxpayers, while the simplified tax system will serve as a key incentive for young entrepreneurs and small enterprises, supported by low-cost financing for the first 100,000 participants, Kouchouk said.
