Finance Ministry to Launch New Export Support Programme in Coordination with Investment Ministry
Egypt’s Minister of Finance, Ahmed Kouchouk, has announced a new export support programme launching next week in cooperation with the Ministry of Investment and Foreign Trade. This initiative aims to strengthen the competitiveness and resilience of Egypt’s export sector as part of the government’s broader economic growth strategy.
The announcement was made during a business leaders’ meeting in Alexandria, marking the conclusion of Minister Kouchouk’s official visit to the governorate. The visit highlighted the Ministry’s commitment to maintaining open dialogue with taxpayer partners and improving tax and customs services.
Kouchouk emphasized that expanding Egypt’s tax base will occur without imposing new burdens on investors. He praised the business community’s trust in the Tax Authority, noting tax revenue increased by 38% over the past ten months without additional taxes. The government is committed to a growth-focused tax framework.
To support investment and industrial growth, the FY 2025/26 budget will double allocations for productive, industrial, and export-oriented sectors, signaling a bold step toward national economic goals.
The Minister also announced Egypt’s target for a 3.5% primary budget surplus this year and cited successful negotiations reducing external public debt by $3 billion via debt-for-investment swaps.
The Finance Ministry, alongside the Investment and Foreign Trade Ministry, is developing a programme to reduce non-tax burdens and unify tax and customs agency structures to streamline the business environment.
Alexandria’s Governor Ahmed Khaled and business federation president Ahmed El-Wakeel both highlighted the positive impact of these reforms on creating an incentive-driven economy and strengthening government-private sector trust.
During his visit, Minister Kouchouk reviewed new tax facilitation measures at the Alexandria Center for Large and Medium Taxpayers, encouraging staff to improve responsiveness and ease of taxpayer processes, advancing trust, transparency, and business sector formalization.