Egypt's Ministry of Finance is set to launch a comprehensive strategy to enhance government debt indicators and introduce a tax policy framework in the first quarter of the next fiscal year, said Minister Ahmed Kouchouk on Monday. The strategy will focus on diversifying funding sources and attracting local investors to reduce reliance on external borrowing and cut financing costs. For the first time, the ministry is considering issuing green bonds and Islamic sukuk in the domestic market, signaling a shift toward sustainable and innovative financial instruments. "Our goal is to optimise our debt portfolio while creating fiscal space to prioritise spending on human development, social protection, and improving living standards," Minister Kouchouk said. He highlighted significant progress in public spending, with health sector investment rising by 26 per cent and education funding increasing by 25 per cent between July and October. The upcoming budget aims to amplify these efforts, allocating even more resources to health, education, and social welfare initiatives. Attribution: Ministry of Finance
