1 Day
Source:
صدى البلد
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President Sisi approves tax bond plan
The meetings focused on establishing a stable financial and economic framework for Egypt by reviewing the latest financial indicators, including achieving a real growth rate of 5.2% during the first nine months of the 2025/2026 fiscal year. They also highlighted a 13.2% decrease in the ratio of public debt to gross domestic product over the past two years. Additionally, discussions took place on developing the tax system through the issuance of new packages of tax incentives aimed at supporting economic growth and stimulating investments, along with improving collection procedures and expanding the revenue base. Furthermore, initiatives were announced to promote the use of solar energy in the industrial sector and enhance waste recycling. On the real estate front, the President directed the implementation of strict laws to regulate the exploitation of tourist lands and ensure that real estate projects are completed on time and fairly. Committees were also formed to monitor compliance with the regulatory guidelines and to safeguard the rights of citizens and investors.
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