Egypt’s Minister of Finance Ahmed Kouchouk said the government is prioritizing securing citizens’ basic needs and production inputs for investors, while continuing coordination across state institutions to strengthen strategic reserves of essential commodities and energy.
Speaking at a meeting of the Finance Ministry’s Crisis Management and Risk Reduction Committee, Kouchouk said efforts are underway to secure the necessary financial allocations to meet key spending needs, particularly in social protection and human development.
He stressed that supporting productive and export-oriented activities remains central to fiscal policy, aimed at enhancing the competitiveness of the economy.
The minister added that initiatives to support key sectors, including tourism, industry, and agriculture, will continue, with incentives tied to tangible results on the ground.
Kouchouk described encouraging private sector expansion in production and exports as a “strategic choice,” noting that the government will continue to offer tax, customs, real estate, and financial incentives to drive growth.
He also highlighted ongoing efforts to rationalize public spending and consumption, directing financial resources toward strategic priorities.
Risk mitigation tools, efficient resource use, and prudent management of reserves, he said, are helping reduce potential pressures on the state budget.
The minister revealed that a joint committee with the Central Bank of Egypt meets regularly to monitor market developments and adopt policies aimed at absorbing economic shocks.
He emphasized the importance of closely tracking global economic trends, international trade flows, and oil price developments.
