Sisi: Tax Certificates Reduce Debt Payments
Egyptian President Abdel Fattah El-Sisi's statements focused on his approval of issuing tax bonds to finance the government, aiming to reduce its financing needs and lower the debt service burden, while ensuring good returns for investors. He also emphasized developing the tax system, improving tax services, and building trust with investors. Additionally, he highlighted measures to guarantee free access to beaches and the timely execution of real estate projects. He pointed out that the government succeeded in reducing the public debt ratio by 13.2% over the past two years, with the goal of strengthening fiscal space and supporting the Egyptian economy.
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