Egypt's Finance Minister Ahmed Kouchouk said the country's private sector is showing strong growth and responsiveness to reforms, underscoring that Egypt is on the right track in improving its financial and economic performance, the ministry said on Tuesday. Speaking at a dialogue with the American Chamber of Commerce in Cairo (AmCham), Kouchouk said the tax system is evolving into a "true partnership with business," citing strong investor confidence and rising tax revenues without new burdens. He said higher revenues have allowed more spending on health, education, and social protection. Reducing public debt remains a top government priority, Kouchouk said, with extra revenues directed toward cutting the debt-to-GDP ratio and financing human development programmes. He announced a more flexible export support programme tailored to exporters' needs and pledged to create a more predictable and transparent business environment to strengthen investor trust. Kouchouk said the ministry will soon launch a second package of tax facilitations for public consultation to ease procedures for registered taxpayers. He reaffirmed Egypt's ambition to become a competitive, export-driven economy and to rank among the world's leading economies within a decade. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
