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Ministry of Finance

CBE relinquishes management of low-interest rate initiatives to Finance Ministry

The finance ministry will be running an audit on the initiatives to plan a strategy on how to move forward without the CBE’s support, as well as assigning the body that will finance each initiative

100k Egyptian expats registered on tax-free car import scheme’s app within 48Hrs

The initiative, which aims to “facilitate the import of cars for personal use for Egyptians residing abroad,” started on November 15 and will end on March 14 2023

Egypt targets lowering budget deficit to 4% & cut debt to 72% over 5 years | FinMin

The average budget deficit in Egypt for the past 42 years was 7.9%, achieving its best figures soon after the Gulf War

Egypt’s export subsidies initiative distributed EGP 4.5B in 5th phase | FinMin

The 633 companies represent the first batch of the 5th phase of the initiative, said Minister of Finance Mohamed Maait in an official statement today

Finance Ministry publishes simplified guide for COP27-related customs procedures

The guide was published and linked to the official website of the Climate Conference, the website of the Ministry of Finance, and other relevant authorities