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“Fiscal Policy Between Financing Challenges … and Growth Aspirations”
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Date

Monday, 21 July 2025

Speaker(s)

H.E. Mr. Ahmed Kouchouk

Designation

Minister of Finance

Invitation

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The Egyptian economy has faced significant challenges in recent years due to successive global crises that have adversely impacted growth rates. In response, Egypt has implemented a series of fiscal policy reforms that have led to several positive outcomes in the state budget, growth rates, and other economic indicators. However, sustaining this growth requires further reforms and solutions to secure the necessary funding for ongoing development plans, especially in light of the current regional events.

 

In this context, the Canada Egypt Business Council (CEBC) and the Egyptian Business Council for International Cooperation (ECIC) had the honor of hosting H.E. Mr. Ahmed Kouchouk, Minister of Finance, to discuss the topic “Fiscal Policy Between Financing Challenges and Growth Aspirations.”

 

In his opening remarks, Mr. Motaz Raslan, Chairman of CEBC and ECIC, expressed his appreciation for the efforts made in developing the finance sector. He emphasized that this symposium aims to foster dialogue between the public and private sectors to exchange visions regarding the future of the finance sector in Egypt. “We are pleased to welcome Minister Ahmed Kouchouk, and we thank him for accepting our invitation and engaging in this important dialogue,” said Mr. Raslan, before handing the floor to H.E. Mr. Ahmed Kouchouk.

 

In his address, the minister emphasized that most economic and financial indicators are very encouraging, fostering greater ambition for the year ahead. The economic growth rate has doubled during the first nine months of the last fiscal year, rising from 2.4% to 4.2%, and reached 4.8% in the period from January to March 2025.

 

is Excellency noted that industrial growth surpassed 15% after two years of stagnation, tourism increased by 17%, and the telecommunications and information technology sectors continue to achieve high growth rates. Non-oil exports have risen by 33%, and average inflation has decreased to below 15%. He added that during the past fiscal year, Egypt achieved its highest first surplus of 3.5% of GDP, with increased spending on health, education, and biological sectors. He highlighted that the private sector is advancing at an encouraging pace, accounting for 65% of total investments and achieving an annual growth rate of 73%.

 

He pointed out the intention to launch a second package of tax incentives during the current fiscal year and to introduce a tax policy document before the end of 2025 to ensure stability, certainty, and clarity in taxation. He noted that the growth rate of tax revenue during the past fiscal year reached 35% without increasing the tax burden, and the growth rate of tax revenue from local products approached 1% without additional burdens. This confirms the success of the path of confidence and partnership with the business community.

 

In conclusion, he assured attendees that the current fiscal year would witness new packages of facilities in the customs system and real estate taxes. The floor was then opened for questions from ECIC and CEBC guests, to which the minister actively responded.

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MEC Guests
Ferchem Egypt Guests
The Panelists
Q & A ( Ms. Marianne Azer)
Q & A ( Ms. Hanaa Elhilaly)
Q & A ( Dr. Nabil Zaki)
Q & A ( Amb. Raouf Saad)
. Q & A ( Eng. Samir Alaily)
Our attendees
Tell Talk Guests
MEC Guests
Part from our CEBC & ECIC Distinguished Guests
Part from our CEBC & ECIC Distinguished Guests
Sadat Group Guests
Ministry of Finance Guests
MEC Guests
Ebkot Guests
Tam oilfield Guests
CI Capital Guests
Maba Guests
Banque Misr Guests
Passport Legacy Guests
Investia Guests
Mr. Khalid Abo Zahra: Senior Tax Partner at Egypt & GCC- Middle East for Consultation (MEC)
H.E. Mr. Ahmed Kouchouk: Minister of Finance
Eng. Motaz Raslan: Chairman- CEBC & ECIC
Ms. Rania Wagdy: Senior advisor to the chairman- CEBC & ECIC