Cairo: Finance Minister Ahmed Kouchouk emphasized that enhanced economic governance and investment caps have played a key role in boosting private sector participation, which now accounts for 63 percent of total investments executed in the first quarter of the current fiscal year. During a meeting with the T20 board, Kouchouk underscored the government’s commitment to fostering trust and partnership through the first phase of tax relief measures, aimed at encouraging compliance among both new and existing taxpayers.

According to State Information Service Egypt, Kouchouk highlighted the coordinated efforts of the economic ministerial group in creating a competitive and attractive investment climate while working to improve debt indicators and stabilize prices, ensuring that both investors and citizens benefit from economic development. Reaffirming the government’s dedication to private sector-led growth, Kouchouk stressed that fiscal policies are designed to empower businesses, driving production and exports through more impactful and stimulating measures.

Additionally, he noted that financing costs are expected to decline gradually, in line with projected inflation reductions. He also pointed to ongoing collaboration with the Ministry of Investment and Foreign Trade to simplify and reduce fees, unifying the collection process under a single authority for greater efficiency.