Egypt’s Ministry of Finance is advancing fiscal policies aimed at boosting investment, production, and exports within a stable economic framework. Yasser Sobhi, Deputy Minister of Finance, highlighted the ministry’s dedication to fostering fiscal discipline, which is crucial for economic growth and future planning. The ministry aims to support the business community by enhancing productivity and the competitiveness of Egyptian products globally.
The ministry is expediting VAT refunds and improving export support programs through collaborations with the Ministry of Investment and Foreign Trade. These efforts include digitizing the Export Development Fund to streamline refund processes, ensuring quick liquidity for local investments and production. The development of an advanced clearing system for investor dues and government obligations is also underway to stimulate further economic growth.
Since 2019, the state has disbursed over EGP 67 billion to around 3,000 exporting companies, reinforcing its commitment to settling export burdens. Ongoing digitization of the customs system and improved risk management are aimed at reducing customs clearance times, lowering production costs, and increasing Egypt’s business competitiveness.
