All rights reserved to the presidency Copyright © 2020
Monday, 09 November 2026 / 01:45 PM
Today, President Abdel Fattah El-Sisi met with Prime Minister Dr. Mostafa Madbouly, and Minister of Finance Mr. Ahmed Kouchouk.
Spokesman for the Presidency Ambassador Mohamed El-Shennawy stated that the meeting reviewed the key financial and economic performance indicators, as well as efforts to address geopolitical challenges.
The Minister of Finance pointed out that the Egyptian government's fiscal policies primarily aim to stimulate economic growth, reduce debt levels, and strengthen social protection. These policies also seek to attract further investment through tax, real estate, and customs incentives. He noted that efforts are underway to diversify financing tools and expand innovative financing solutions to create a more attractive environment for private investment and achieve sustainable economic growth.
In this regard, President El-Sisi stressed the need to continue advancing the targets of economic reform, while maintaining precise timelines and clear indicators to measure the government's performance in implementing the outcomes and recommendations of national development plans.
The President followed up on the executive status and evaluation of low-interest financing initiatives for private-sector companies and establishments. These initiatives aim to strengthen the private sector's role across several sectors, thereby contributing to the state's investment and employment targets.
In this context, the Minister of Finance mentioned that the government seeks to attract a larger number of investors interested in long-term bonds. He also highlighted that debt-for-investment and debt-for-quality-assets swaps help ease financing burdens and channel resources towards development priorities.
President El-Sisi emphasized the importance of diversifying financing sources and instruments and providing broader and more flexible financing options to help attract new segments of investors.
The meeting reviewed the findings of a study on investing a portion of the surpluses and funds held by state entities in government securities. Minister Kouchouk explained that this approach would directly help reduce the state budget's need for domestic and external borrowing, while lowering reliance on high-cost debt instruments from foreign markets. He further highlighted that maintaining fiscal surpluses would advance efforts to reduce public debt and the budget deficit, which remain urgent priorities for the political leadership and the Egyptian state.
This approach would also create greater fiscal space and flexibility, enabling the government to direct resources towards improving essential services and promoting human development, particularly in the health and education sectors, while strengthening the social protection system.
Monday, 09 November 2026 / 01:45 PM
Today, President Abdel Fattah El-Sisi met with Prime Minister Dr. Mostafa Madbouly, and Minister of Finance Mr. Ahmed Kouchouk.
Spokesman for the Presidency Ambassador Mohamed El-Shennawy stated that the meeting reviewed the key financial and economic performance indicators, as well as efforts to address geopolitical challenges.
The Minister of Finance pointed out that the Egyptian government's fiscal policies primarily aim to stimulate economic growth, reduce debt levels, and strengthen social protection. These policies also seek to attract further investment through tax, real estate, and customs incentives. He noted that efforts are underway to diversify financing tools and expand innovative financing solutions to create a more attractive environment for private investment and achieve sustainable economic growth.
In this regard, President El-Sisi stressed the need to continue advancing the targets of economic reform, while maintaining precise timelines and clear indicators to measure the government's performance in implementing the outcomes and recommendations of national development plans.
The President followed up on the executive status and evaluation of low-interest financing initiatives for private-sector companies and establishments. These initiatives aim to strengthen the private sector's role across several sectors, thereby contributing to the state's investment and employment targets.
In this context, the Minister of Finance mentioned that the government seeks to attract a larger number of investors interested in long-term bonds. He also highlighted that debt-for-investment and debt-for-quality-assets swaps help ease financing burdens and channel resources towards development priorities.
President El-Sisi emphasized the importance of diversifying financing sources and instruments and providing broader and more flexible financing options to help attract new segments of investors.
The meeting reviewed the findings of a study on investing a portion of the surpluses and funds held by state entities in government securities. Minister Kouchouk explained that this approach would directly help reduce the state budget's need for domestic and external borrowing, while lowering reliance on high-cost debt instruments from foreign markets. He further highlighted that maintaining fiscal surpluses would advance efforts to reduce public debt and the budget deficit, which remain urgent priorities for the political leadership and the Egyptian state.
This approach would also create greater fiscal space and flexibility, enabling the government to direct resources towards improving essential services and promoting human development, particularly in the health and education sectors, while strengthening the social protection system.
All rights reserved to the presidency Copyright © 2020
All rights reserved to the presidency Copyright © 2020