Ahmed Kouchouk, Minister of Finance, has outlined the focal points of the current financial policy, emphasizing four key and interrelated axes that encapsulate the ministry’s operational priorities, Invest-Gate reports.

He clarified that the primary axis involves crafting and executing a tax policy that bolsters economic activity while laying the groundwork for a fresh rapport with the business community and financiers based on trust, predictability, and collaboration.

Kouchouk further elaborated that the second axis revolves around broadening the reach and impact of financial policy to encompass the sustainability of public finances and government debt. By striking a balance and fostering integration, this axis aims to boost the competitiveness of the Egyptian economy, enhance productivity and export potential, attract private investments, and propel technological advancements.

The Minister highlighted that the third axis is dedicated to an ambitious and comprehensive national strategy aimed at curbing and enhancing all facets of government debt sustainability. This strategy is characterized by a spectrum of tools and procedures, proactive measures, and a concerted focus on leveraging all plausible reforms and initiatives in this domain.

Additionally, he underlined that the fourth axis is geared towards policies that bolster the social dimension by enhancing the efficiency and efficacy of expenditures to ameliorate living standards, public services, and safeguard the most vulnerable segments of society.

Kouchouk emphasized that these strategic goals of the Ministry of Finance in the current phase are geared towards amplifying and consolidating efforts to stimulate economic activity, spur growth, and elevate development rates in Egypt. These endeavors are primarily underpinned by a robust private sector capable of fostering equitable competition on local, regional, and global fronts.

The Minister articulated that the overarching objective is to attract a substantial volume of productive private investments capable of generating sustainable and dignified employment prospects for the youth and workforce, with a direct translation into improved living standards and equitable income distribution.