“There is no magic decision that can solve everything. What is needed is a comprehensive and integrated vision for our priorities and targets,” Kouchouk said during an open dialogue with the Coordination of Youth of Political Parties and Politicians.
The minister said the government is pursuing a balanced fiscal approach aimed at stimulating economic activity while maintaining financial discipline, noting that improving fiscal indicators at the expense of economic growth would not be sustainable.
Kouchouk added that Egypt is drawing on international experiences but tailoring policies to suit its domestic conditions and capabilities. “We must follow a path that fits our circumstances and achieves our objectives,” he said.
He noted that the government is working to expand the country’s economic, productive, and tax base to strengthen state revenues, stressing that sustainable growth depends on building a competitive economy.
The minister said authorities are rolling out tax, real estate, and customs facilitation packages to strengthen trust with the business community, while continuing efforts to support citizens and economic activity amid ongoing challenges.
The draft budget for the upcoming fiscal year prioritizes human development and improved public services, he stated, with allocations and initiatives aimed at delivering tangible benefits to citizens.
Kouchouk said EGP 48 billion has been earmarked to support exports, with a focus on priority sectors, highlighting strong growth potential in services exports, particularly outsourcing and information technology.
He also signalled progress in the government’s privatization programme, saying it is set to “gain momentum” in the coming period, alongside continued investment in renewable energy, with a notable expansion in solar capacity expected over the next two years.
To support businesses, the government plans to establish dedicated tax service centres for compliant taxpayers and expand a simplified tax regime aimed at encouraging startups and small enterprises. Low-cost financing will be made available to the first 100,000 participants in the scheme.
Kouchouk reiterated that improving public debt indicators remains a key objective to create more fiscal space for social and investment spending, adding that any exceptional revenues would be directed toward reducing debt.
The discussion was attended by members of the parliament and Senate, as well as officials from the Ministry of Finance and revenue authorities, as part of broader efforts to engage stakeholders in shaping Egypt’s economic policy.
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