The government plans to launch a second package of tax facilities by the end of this current fiscal year and publish a comprehensive tax policy document by end-2025

Egypt succeeded in advancing fiscal discipline efforts through tax concessions, which led to a growth of nearly 35% in tax revenues without imposing new burdens, announced Minister of Finance Ahmed Kouchouk.

Egypt’s tax revenues increased by 38% during the first half (H1) of fiscal (FY) 2024/25, Minister of Finance Ahmed Kouchouk announced in a discussion session organized by the Egyptian Direct Investment and Venture Capital Association (EPEA).

Egypt is expected to achieve a primary surplus of 5.75% of gross domestic product (GDP) by the end of June 2024, Minister of Finance Mohamed Maat stated on the sidelines of the World Economic Forum’s special meeting in Riyadh.

Egypt has recorded a primary surplus of EGP 416 billion during the first nine months of the current fiscal year (FY) 2023/2024, amounting to 3% of the gross domestic product (GDP).

The growth rate of Egypt’s tax revenues surpassed 38% since the beginning of the current fiscal year (FY) 2023/2024.

The Egyptian government has released essential goods worth $14.5 billion at ports since the beginning of this year, Minister of Finance Mohamed Maait announced during an open dialogue with press and media figures about the new budget for the upcoming fiscal year (FY) 2024/2025.

Egypt’s tax revenues rose by 42% year on year (YoY) in the first seven months of the fiscal year (FY) 2023/2024, Minister of Finance Mohamed Maait unveiled.

Egypt’s tax revenues rose 18.5% year on year in the first quarter (Q1) of fiscal year 2023/2024.