Egypt’s Finance Minister Unveils Balanced Fiscal Strategy; Pledges EGP 48 Billion for Export Incentives
Finance Minister Ahmed Kouchouk announced a comprehensive roadmap for Egypt’s economic future during an open dialogue with the Coordination Committee of Parties' Youth Leaders and Politicians (CPYP). Emphasizing that "there is no magic solution" for economic challenges, Kouchouk outlined a balanced fiscal policy designed to stimulate growth while maintaining financial discipline. A key pillar of the new budget is a EGP 48 billion allocation dedicated to export promotion, with a strategic focus on high-growth sectors such as IT and Outsourcing.
Minister Kouchouk highlighted that the government is shifting toward a "partnership of trust" with the business community through sweeping tax and customs facilitation packages. He stressed that improving financial indicators will not come at the expense of economic vitality, noting that all exceptional revenues will be directed toward debt reduction to create a larger "fiscal space" for human development and basic services. The Minister also signaled a "significant shift" in the state-owned enterprises (IPO) program and a robust expansion in renewable energy investments over the next two years.
