Alexandria: Minister of Finance Ahmed Kouchouk announced that a new export support program will be launched next week in coordination with the Ministry of Investment and Foreign Trade. These remarks were made during an open dialogue held by the minister with representatives of the business community during his field visit to Alexandria.

According to State Information Service Egypt, Kouchouk confirmed that all exceptional revenues are directed toward reducing debt, citing a $3 billion cut in Egypt's external debt last year. He also unveiled plans to increase funding for industry and exports in the upcoming budget. The government is targeting a 3.5% primary surplus for this year and aims to streamline payment processes for investors by unifying collection agencies.

Kouchouk assured business leaders that no new taxes would be imposed on investors. He noted that tax revenues have increased by 38% in the past 10 months and emphasized that the private sector remains the primary engine for economic growth.

Alexandria Governor Ahmed Khaled and Chairman of the Federation of Chambers of Commerce Ahmed el Wakil expressed their support for continued reforms that promote investment and economic growth.