The Minister of Finance receives a delegation from the party "Republican people" To discuss a number of economic files
Ahmed Kjouk, Minister of Finance, received a high-ranking delegation of officials from the Republican People’s Party, led by Representative Mohamed Salah Abu Hamila, Secretary-General of the party and head of its parliamentary body in the House of Representatives, Representative Amal Abdel Hamid, Secretary of the Party’s Central Women’s Secretariat, and Dr. Zaher Al-Shakanqiri, Secretary of the Planning and Development Secretariat. Central – the official spokesman for the party.
Discuss the meeting A number of important files, most notably the Ministry’s plan to reduce public debt rates and limit borrowing to reduce the general budget deficit, and the results reached by the Ministry in the tax facilitation package, in addition to the partnership with the private sector and the Ministry’s role in supporting the business community to expand production and export, and what the Ministry has achieved. Regarding the development of the public procurement system.
For his part, the Minister of Finance confirmed that tax services will improve greatly with the full implementation of the first package of tax facilities before the end of the current fiscal year, explaining The business community will feel the start of a good and extended relationship of “trust, partnership and certainty”. With the Tax Authority. between their dues and debts to the government, to establish confidence in our partners, facilitate them, and provide them with cash liquidity.
He added that the integration of the informal economy will begin gradually as the tax reality changes for the better to a great extent. Support for small, medium and large financiers, pointing out that we aim for investors to achieve good profits within a clear framework of rights and obligations that establishes a successful partnership with the interest. Taxes.
The Minister explained that the Tax Authority’s initiative to correct some administrative decisions and instructions is the biggest message of confidence to the financial and business circles of a serious desire to push the investment movement, pointing out that there will be New facilities for the customs and real estate tax system to make it easier for citizens and investors.
He also stressed that we believe in the role of the private sector and its ability to increase production and lead growth, and we will work to stimulate and increase it. His role and contributions to the Egyptian economy, explaining that there is great coordination with the Minister of Investment and Foreign Trade to reduce fees and unify collection agencies and dealing with investors.
The Minister indicated that we have noticed an increasing demand On “participation with the private sector” projects In the service sectors and new and renewable energy in light of setting a ceiling on the state’s public investments, stressing that we aim to increase spending on investment in human development and social protection and expand programs to stimulate and support productive activities.
< p>He added that the simplified tax system reflects a deep understanding of the importance of supporting entrepreneurship projects and digital exports, taking into account that our service exports from information technology are growing, and that this matter has the potential to grow further. It deserves incentive, pointing out that the export program for the next fiscal year will be ambitious and contribute to increasing the volume and diversity of exports and entering new markets, and that we are working to quickly launch flexible and balanced initiatives to pay the delayed export burdens of companies.
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The Minister pointed out that the “medium-term budget framework” Helps drive the transformation path to “Software and Performance” To raise the efficiency of spending and the ability to improve public services provided to citizens, explaining that we are committed to national dialogue with various segments of society, especially youth; To enrich our efforts in achieving our priorities and goals for the benefit of citizens, investors and the Egyptian economy.
In a related context, the delegation of the Republican People’s Party praised the efforts made by the Ministry of Finance; To improve the investment environment and public financial indicators, stressing the importance of supporting small and medium enterprises as a basic pillar for promoting economic growth, and they also expressed their willingness to cooperate with the Ministry in developing effective strategies to achieve sustainable development.
It is noteworthy that the Republican People’s Party delegation, in its meeting with Ahmed Kajouk, Minister of Finance, included MP Ilaria Samir Hares, Assistant Secretary of the Central Youth Secretariat, and Dr. Nevin Bassiouni, Assistant Secretary of the Secretariat. Public Relations and Central Protocol, Mr. Mustafa Muhammad Farouk, Mr. Khaled Yousry Shaaban (members of the Youth Coordination of Parties and Politicians), Ms. Sarah Alaa El-Din, member of the Central Information Committee.
