Egypt's Finance Minister Ahmed Kouchouk said the economy is showing positive progress, with promising indicators highlighting strong financial performance over the past ten months, which supports ongoing economic reform under a comprehensive national programme, according to a Cabinet statement. During a meeting with the Deputy Managing Director of the International Monetary Fund (IMF) Nigel Clarke. Kouchouk stated that Egypt achieved its highest ever primary surplus during the period from July to April 2025, amounting to 3.1 per cent of GDP. He highlighted that Egypt is adopting an advanced approach to fiscal policy management aimed at stimulating economic activity through more effective and incentivising initiatives. He noted that private sector empowerment efforts are yielding results, with the sector contributing 60 per cent of total investments in the current fiscal year's first half, as per the release. Kouchouk stated that the tax incentives package will have a significant impact on expanding the tax base and fostering trust with taxpayers through partnership and strong support for the business community. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
