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Egypt reported a primary surplus of EGP 330 billion in H1 2024/25, driven by a 38.4% increase in tax revenues. Prime Minister Madbouly and Minister of Finance Kouchouk discussed priorities …
Egypt Achieves Record EGP 330bn Primary Surplus in H1 2024/25 Read More
Egypt announced a historic primary surplus of LE 330 billion, with a 38.4% increase in tax revenues compared to the previous year. Spending in health and education rose 29% and …
Egypt Achieves Record LE 330 Billion Surplus with Significant Revenue Growth Read More
Egypt’s tax revenues rose by 38 percent in the first half of the fiscal year, attributed to broadening the tax base and taxpayer cooperation. The government plans to triple economic …
Egypt’s Tax Revenue Growth and Future Economic Stimulus Plans Read More
Egypt has secured IMF approval for a $1.2 billion loan disbursement as part of its $8 billion economic reform program. Finance Minister Ahmed Kouchouk announced the approval following the completion …
Egypt Secures IMF Approval for $1.2 Billion Loan Disbursement Read More
Egypt plans to raise the minimum wage to EGP7,000 ($139) for public sector employees beginning July 2024. This increase is part of a larger EGP200 billion social support package aimed …
Egypt Announces Significant Wage Hike and Social Support Package Read More
Egypt’s Finance Minister Ahmed Kouchouk emphasized the government’s commitment to enhancing the private sector during the Economic Forum in Hurghada. He introduced plans for a simplified tax system for small …
Egypt’s Financial Policy Prioritizes Support for Private Sector Growth Read More