Egypt's coordinated economic policy reforms have bolstered the country's competitiveness and improved key financial indicators over the past ten months, Finance Minister Ahmed Kouchouk said on Sunday. Speaking at the Egypt-US Policy Leaders Forum 2025, Minister Kouchouk said private sector investment rose to 60 per cent of total investments between July and December 2024, reflecting growing business confidence. He highlighted the government's efforts to balance public finances while promoting economic activity through targeted support for industry, agriculture, exports, and tourism. The minister also pointed to enhancements in Egypt's social protection system, including direct cash transfers and expanded medical treatment allowances for vulnerable groups. Minister Kouchouk reported a 3.1 per cent primary budget surplus from July to April, and reaffirmed the government's commitment to debt reduction despite rising interest rates. He noted increased voluntary tax compliance and pledged new incentives in real estate tax and customs to encourage further private sector participation. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
