Egypt's Finance Minister Ahmed Kouchouk reassured investors that there would be no new tax burdens, reiterating the ministry's focus on expanding the tax base and strengthening partnerships with taxpayers, according to a Cabinet statement. During a meeting with business community representatives in Alexandria, the minister praised the positive response to recent tax facilitation measures and announced plans for a new package of procedures to enhance facilitation. He noted that tax revenues had increased by 38 per cent over the past ten months without imposing additional burdens. Kouchouk stated that the government aims to achieve a primary surplus of 3.5 per cent of GDP during the current fiscal year. He added that next year's budget will allocate increased spending to economic activities, social protection, and human development, with allocations to industrial and export support set to double. The minister also announced a new export support programme, adding that the additional revenue would contribute to reducing debt and facilitating debt swaps. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
