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Finance Allocates 80B for Growth
Finance Minister Ahmed Kajjouk rejected the assertion that the ministry's role is limited to supporting economic activity and stimulating growth, emphasizing instead the focus on maintaining financial stability by allocating 80 billion Egyptian pounds in the current budget for support programs, production stimulation, exports, and entrepreneurship. He confirmed that financing for companies is provided through the Small Projects Development Agency, and that the simplified tax system recently introduced is authorized to encourage small-scale activities to expand. He also noted that digital transformation aims to improve services by simplifying procedures, highlighting the successful implementation of the electronic property tax system, which has registered more than two million citizens. The program underscores aspirations to increase support for economic activities, develop digital financing tools, and enhance the quality of services provided to citizens, all within the framework of supporting economic growth and financial stability.
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