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Wednesday, 23 October 2019

Egypt's Sisi directs government to continue efforts to settle tax disputes

MENA , Sunday 20 Jan 2019
Sisi
President Abdel-Fattah El-Sisi (File Photo)
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Egypt's President Abdel-Fattah El-Sisi directed the government on Sunday to continue efforts to settle all running tax disputes.

El-Sisi’s directions came during his meeting with Prime Minister Mostafa Madbouly, Finance Minister Mohamed Maait, and Deputy Finance Minister for Financial Policies Ahmed Kajuk, according to presidential spokesman Bassam Rady.

During the meeting, the president stressed the importance of developing Tax Authority offices, having well-trained employees, using cutting-edge technologies, and providing good services to citizens.

El-Sisi also reviewed the latest data on the country's economic reforms from the first half of fiscal year 2018/19, which showed a primary surplus of EGP 20.8 billion, 0.4 percent of the GDP, up from 0.3 percent in the same period last year.

The deficit continued its decline to hit 3.6 percent of the GDP, down from 4.2 percent in the first half of 2017/18, the data revealed.

Moreover, government investments hit unprecedented levels, reaching EGP 55.7 billion.

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